The Federal Reserve System announced a notice regarding applications for approval to form or acquire bank holding companies. The applications are in accordance with the Bank Holding Company Act of 1956 and related regulations. This notice lists UIR Acceptance Corporation, based in Lemont, Illinois, applying to become a bank holding company by acquiring Easton Bancshares, Inc., and Community Bank of Easton, both located in Easton, Illinois. The public can view these applications and submit comments to the responsible Federal Reserve Bank or the Board of Governors.
Simple Explanation
The Federal Reserve System is sharing news about a company called UIR Acceptance Corporation wanting to buy another bank company. People can see these plans and tell the Federal Reserve what they think, but they should know their comments will be shared publicly.