Search Results for keywords:"Change in Bank Control Act"

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Search Results: keywords:"Change in Bank Control Act"

  • Type:Notice
    Citation:86 FR 9504
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several individuals have applied to purchase shares of a bank or bank holding company under the Change in Bank Control Act. These applications and related filings are open for public inspection at designated Federal Reserve Banks, and members of the public can submit written comments about these applications by March 3, 2021. One specific application involves Scott A. Schoenmann from Wisconsin, who wants to retain voting shares in The Peoples Community Bancshares, Inc., and indirectly in The Peoples Community Bank. The notice is officially recorded under the document number 2021-03050 and includes information on where further details can be accessed.

    Simple Explanation

    The Federal Reserve System is letting people know that there are plans for some individuals to buy parts of a bank, and they can give their opinions about it. One person from Wisconsin, Scott A. Schoenmann, wants to keep some say in his bank, and everyone can check the details and share thoughts until March 3, 2021.

  • Type:Notice
    Citation:89 FR 104153
    Reading Time:about a minute or two

    The Federal Reserve System announced that certain individuals have applied to acquire shares of a bank or bank holding company under the Change in Bank Control Act. These applications are publicly available for review at specific Federal Reserve locations and can be requested online. Interested parties can submit their comments by January 6, 2025, but should be aware that these comments will be made public without alteration. One specific application involves Richard and Beth Wright, who intend to retain voting shares in Milco Bancorporation, Inc., and indirectly in the Bank of Iberia, both in Missouri.

    Simple Explanation

    Some people want to buy shares (like a small part) of a bank, and the Federal Reserve is checking to make sure everything is okay. People can tell the Federal Reserve what they think about this plan by sending in their thoughts, but these will be shared for everyone to see.

  • Type:Notice
    Citation:90 FR 9431
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice about applications under the Change in Bank Control Act. This announcement concerns individuals and trusts seeking to acquire shares in banks or bank holding companies. Specifically, the Pratt Family PFBS Irrevocable Trust aims to join a control group to acquire voting shares of PFBS Holdings, Inc., which would give them control over Lakeside Bank in Texas. Comments on these applications are welcome until February 27, 2025, and can be submitted to the Federal Reserve Bank of Dallas or the Board of Governors.

    Simple Explanation

    The Federal Reserve has a new rule: if someone wants to buy lots of bank shares to gain control, like a family or trust, they need to ask for permission. Right now, a family trust wants to control a bank in Texas, and people can tell the Federal Reserve what they think about this until February 27, 2025.

  • Type:Notice
    Citation:86 FR 7292
    Reading Time:about 3 minutes

    The Federal Reserve System has received applications from individuals and groups under the Change in Bank Control Act to acquire or retain shares in various banks and bank holding companies. These applications are open for public inspection at specified Federal Reserve Banks and the Board of Governors. Interested parties can submit written comments by February 11, 2021. Notable applications include the McHugh family seeking to retain shares in McHugh Investment Company, and the Oliver Family Group aiming to acquire additional shares in Valliance Financial Corp.

    Simple Explanation

    The Federal Reserve is checking to make sure that some families who want to buy or keep more parts of banks are okay to do so, and people can tell the Reserve what they think about it before a certain date.

  • Type:Notice
    Citation:90 FR 15241
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from several individuals to acquire shares of a bank or bank holding company under the Change in Bank Control Act. The public can review the applications and submit comments until April 24, 2025. Comments may be disclosed publicly and should not contain confidential information. The individuals listed are seeking to join the Sarazine Family Control Group to maintain voting shares in Emmetsburg Bank Shares, Inc. and Iowa Trust and Savings Bank.

    Simple Explanation

    The Federal Reserve is checking if some people can take a bigger part in a bank, and they want everyone to know about it. People can say what they think about this until April 24, 2025, but cannot share secrets.

  • Type:Notice
    Citation:86 FR 539
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares in banks or bank holding companies. These applications are being reviewed based on specified factors from the Act. Public information about these applications can be accessed at Federal Reserve Banks and the Board of Governors' offices or requested online. Comments from the public are welcomed, provided they are submitted by January 21, 2021, to the appropriate authorities.

    Simple Explanation

    The Federal Reserve System wants to know what people think about some people trying to buy big parts of banks. They are listening to everyone's ideas and thoughts until January 21, 2021, to help them decide if these people should be allowed to do it.

  • Type:Notice
    Citation:90 FR 16130
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from the individuals and trusts of the Maifeld Family to acquire shares in Clarkel, Inc., and indirectly Iowa State Bank in Clarksville, Iowa. This action is part of a process under the Change in Bank Control Act, which involves evaluating specific factors before approval. The public can access details about these applications at certain Federal Reserve Bank locations and online. Interested parties are invited to submit written comments on the applications, which are due by May 2, 2025, and these comments will be publicly available.

    Simple Explanation

    The people from the Maifeld Family want to buy part of a bank in Iowa, and the bank's bosses need to think about some rules before giving them a thumbs up. Anyone who wants to say something about this buying plan can write in before May 2, 2025.

  • Type:Notice
    Citation:89 FR 107142
    Reading Time:about 2 minutes

    The Federal Reserve System has announced that individuals listed in the notice have applied to acquire shares of banks or bank holding companies under the Change in Bank Control Act. The applications are open for public inspection at the Federal Reserve Banks mentioned and the Board of Governors. Public comments on these applications, which are subject to disclosure, can be submitted until January 15, 2025. One application involves Dominik Mjartan and Georgia Miller Mjartan seeking shares in American Bancorp, Inc., while another involves the Sturm Family Control Group aiming to keep shares in Sturm Financial Group, Inc.

    Simple Explanation

    The Federal Reserve is checking if some people can buy parts of certain banks, and anyone can say what they think about this until January 15, 2025.

  • Type:Notice
    Citation:86 FR 10967
    Reading Time:about a minute or two

    The Federal Reserve System announced that several individuals have applied to acquire shares of a bank or bank holding company under the Change in Bank Control Act. The applications are available for public inspection at specified Federal Reserve Bank locations and online. People who are interested can submit their comments by the deadline of March 10, 2021. This notification specifically highlights an application involving a group from Texas seeking shares in Louise Bancshares, Inc., which owns First State Bank and Dilley State Bank.

    Simple Explanation

    The Federal Reserve System is making sure everything is okay with people who want to buy part of a bank, like inspecting your friend's drawings to make sure you won't run out of crayons. People can say what they think about this by March 10, 2021, just like sharing your thoughts on your friend's work in class.

  • Type:Notice
    Citation:90 FR 10927
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from individuals intending to acquire shares in a bank or bank holding company. These applications, submitted under the Change in Bank Control Act and corresponding regulations, are open for public inspection at specified Federal Reserve Banks. Interested parties can submit their comments until March 17, 2025, and the comments may be publicly disclosed. Specifically noted is an application involving the Buckeye State Bank's employee stock ownership plan and trustees looking to retain voting shares in Ohio.

    Simple Explanation

    The Federal Reserve is checking if some people can buy parts of a bank in Ohio, and they want to know what other people think about this by March 17, 2025. People can read what the bank has sent to the Federal Reserve and can also say if they're okay with it or not.

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