The Federal Reserve System has announced that several people from the Wilson family in Ava, Illinois, have applied to maintain control over the Headquarters Holding Company. This control allows them to indirectly hold shares in The First National Bank of Ava. The public can review parts of these applications online or at the Federal Reserve offices and submit written comments by April 1, 2025. Comments submitted will be publicly disclosed, so people should avoid including confidential information.
Simple Explanation
The Federal Reserve System is letting people know that a family in Illinois wants to keep owning part of a bank, and if people have thoughts about this, they can write them down and send them in.