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Search Results: keywords:"First Bank

  • Type:Notice
    Citation:86 FR 3153
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several individuals have applied to acquire shares in banks or bank holding companies under the Change in Bank Control Act. These applications are open for public viewing and can be accessed at the Federal Reserve Bank offices or online. People who are interested can submit their written comments about the applications by January 29, 2021. Specifically, John Morrow of Albion, Nebraska, plans to join a family group to retain voting shares of Cedar Rapids State Company and, by extension, Cedar Rapids State Bank in Nebraska.

    Simple Explanation

    The document talks about some people who want to buy parts of a bank, and anyone can look at their plans and say what they think about it until January 29, 2021. But it's a bit tricky to know exactly how to do that or where to go to see these plans and share their thoughts.

  • Type:Notice
    Citation:90 FR 12317
    Reading Time:about a minute or two

    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.

  • Type:Notice
    Citation:90 FR 9032
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain individuals have applied under the Change in Bank Control Act to acquire shares in a bank or bank holding company. The applications and associated information are available for public inspection at specified Federal Reserve Banks. Individuals can express their opinions on these applications by submitting written comments, which will be publicly disclosed without modifications. Comments must be submitted by February 20, 2025, either to the specified Reserve Bank or the Board of Governors in Washington, DC.

    Simple Explanation

    The Federal Reserve is letting people know that some individuals want to buy part of a bank, and you can tell them what you think about this by writing a comment. You can see the details at some Federal Reserve locations or online, and you need to send your thoughts by February 20, 2025.

  • Type:Notice
    Citation:90 FR 8528
    Reading Time:about 2 minutes

    The Federal Reserve System has released a notice regarding applications submitted under the Change in Bank Control Act. These applications involve individuals and groups seeking to acquire or retain voting shares of certain banks and bank holding companies. For instance, one application involves a group in New Jersey attempting to acquire more voting shares of Bankwell Financial Group, Inc., in Connecticut. Another involves individuals in Texas looking to acquire shares of Relationship Financial Corporation and its subsidiary, Guadalupe Bank. Interested parties can review these applications and submit comments by February 14, 2025.

    Simple Explanation

    In a new notice, the Federal Reserve System is talking about people or groups trying to buy more pieces, or "shares," of certain banks. This is like when someone wants to own more parts of a toy shop in a new town. People can look at what is happening and tell the people in charge how they feel about it until February 14, 2025.

  • Type:Notice
    Citation:90 FR 12733
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from individuals and family groups seeking to acquire or retain shares in certain banks or bank holding companies. The D'Angelo Family Group intends to retain or acquire shares in First Greenwich Financial, Inc. and its associated bank in Connecticut. Meanwhile, the Kincaid Family Group plans to acquire shares in Northeast Kansas Bancshares, Inc. and other related banks in Kansas and Missouri. Public comments on these applications can be submitted to the relevant Federal Reserve Banks or the Board of Governors until April 3, 2025.

    Simple Explanation

    The Federal Reserve System, which is sort of like the manager of banks, got requests from two familiesβ€”the D'Angelo Family in Connecticut and the Kincaid Family in Kansas and Missouriβ€”who want to buy or keep owning parts of some banks. People can send their thoughts about this until April 3, 2025.

  • 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.

  • Type:Notice
    Citation:90 FR 4742
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain individuals have applied to acquire shares in a bank or bank holding company under the Change in Bank Control Act. The applications are available for public inspection and comment before January 31, 2025, at the Federal Reserve Bank of Minneapolis and the Board of Governors in Washington, DC. Specifically, Gabrielle Pogatchnik from Philadelphia is seeking to join the Pogatchnik Family Control Group to retain shares in Finlayson Bancshares, which owns First Independent Bank and Northview Bank in Minnesota. Comments submitted will be publicly disclosed, and should not contain confidential information unsuitable for public disclosure.

    Simple Explanation

    Some people want to buy shares in a company that owns a bank, and now others can look at what they want to do and say their opinions by the end of January 2025.

  • Type:Notice
    Citation:86 FR 11776
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act from various individuals from Kuwait wishing to acquire shares in Greater Pacific Bancshares. This acquisition would also allow them to indirectly hold shares in the Bank of Whittier, based in California. The applications are open for public inspection at the Federal Reserve Bank of San Francisco and the offices of the Board of Governors. Interested parties have until March 15, 2021, to share their views in writing about these applications.

    Simple Explanation

    The Federal Reserve is letting people know that some folks from Kuwait want to buy parts of a company that owns a small bank in California. People can say what they think about it by sending letters until March 15, 2021.

  • Type:Notice
    Citation:86 FR 1497
    Reading Time:about 2 minutes

    The Federal Reserve System is reviewing applications under the Change in Bank Control Act to allow certain individuals to acquire shares in a bank or bank holding company. These applications involve members of the Fishback family and related trusts looking to retain or increase their shares in Fishback Financial Corporation and, by extension, First Bank & Trust in Brookings, South Dakota. Public comments about these applications must be submitted by January 25, 2021. Interested parties can view these applications at specified Federal Reserve Banks or contact the Board of Governors for more information.

    Simple Explanation

    The Federal Reserve System is checking if certain people from the Fishback family can get more shares in a bank in South Dakota, and anyone who wants to say something about it needs to do so before January 25, 2021.

  • Type:Notice
    Citation:86 FR 92
    Reading Time:about 2 minutes

    The Federal Reserve System announced that individuals and groups have submitted applications to acquire shares of banks or bank holding companies, as outlined in the Change in Bank Control Act. These applications are being reviewed based on specific factors detailed in the Act. The public can view these applications and related documents at certain Federal Reserve Bank locations or online. Comments on the applications must be submitted by January 19, 2021.

    Simple Explanation

    The Federal Reserve is checking if people can buy big pieces of banks. They want to make sure everything is safe and fair, so people can say what they think about it until January 19, 2021.

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