Search Results for keywords:"bank control"

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Search Results: keywords:"bank control"

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  • 2021-00361 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:86 FR 2417
    Reading Time:about a minute or two

    The Federal Reserve System announced that certain individuals are seeking approval under the Change in Bank Control Act to gain control over shares in specific banks or bank holding companies. These applications are open for public inspection at designated Federal Reserve Bank locations and can also be requested from the Board's Freedom of Information Office. Interested parties have until January 27, 2021, to submit written comments on the applications. The notice specifically mentions individuals and trusts from California and Iowa looking to retain voting shares in Keystone Savings Bank and Peoples Savings Bank, respectively.

    Simple Explanation

    Some people want to own more pieces of certain banks, and the Federal Reserve is checking to make sure it's okay. They are letting other people look at the details and share their opinions until January 27, 2021.

  • 2021-00759 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    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.

  • 2025-01971 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    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.