Type:Notice
Citation:90 FR 9157
Reading Time:about a minute or two
The Federal Reserve System has received applications from companies seeking to become bank holding companies or to acquire banks or bank holding companies. These applications are processed under the Bank Holding Company Act and other regulations. The public can view these applications at designated Federal Reserve locations or online, and are invited to submit their written comments by March 10, 2025. Notably, Heritage Bancshares, Inc. of Topeka, Kansas, aims to acquire Fidelity State Bank and Trust Company, also located in Topeka.
Simple Explanation
The Federal Reserve System is checking paperwork from companies that want to buy or merge with banks. People can see these papers and say what they think before March 10, 2025.