Type:Notice
Citation:86 FR 11530
Reading Time:about 3 minutes
The Federal Reserve System has announced that several individuals and groups have applied to acquire shares of banks or bank holding companies under the Change in Bank Control Act. These applications are being reviewed based on specific factors outlined in the law. The public can inspect the details of these applications and submit comments until March 12, 2021. Families and individuals from Missouri and Kansas are among the applicants aiming to retain or acquire control over various banking institutions.
Simple Explanation
Some people and families want to buy parts of banks, and the Federal Reserve is checking to make sure it's okay. People can say what they think about this until March 12, 2021.