Type:Notice
Citation:86 FR 98
Reading Time:about a minute or two
The Federal Reserve System has received applications from certain companies to either form bank holding companies or acquire control of existing banks. These applications, submitted under the Bank Holding Company Act of 1956, are available for public viewing at specified Federal Reserve Banks and online. The public can submit comments on these applications by February 3, 2021. An example is St. Holdings, Inc. from Orlando, Florida, aiming to acquire shares of Rochelle State Bank in Georgia.
Simple Explanation
The Federal Reserve got some forms from companies who want to either start new banks or take over existing ones, and people can look at these forms and say what they think until February 3, 2021.