Search Results for keywords:"bank shares acquisition"

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Search Results: keywords:"bank shares acquisition"

  • Type:Notice
    Citation:90 FR 10638
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from individuals and family trusts known as the Jones Control Group. They are seeking permission to retain shares and control of the Commercial National Corporation in Texas and its related financial entities. The public is invited to comment on these applications by March 12, 2025, and such comments will be publicly accessible. Any comments should be sent to the Federal Reserve Bank of Dallas or the Board of Governors.

    Simple Explanation

    The Federal Reserve is checking if the Jones family can keep owning part of a bank in Texas. People can tell the Reserve what they think about this until March 12, 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:86 FR 9504
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several individuals have applied to purchase shares of a bank or bank holding company under the Change in Bank Control Act. These applications and related filings are open for public inspection at designated Federal Reserve Banks, and members of the public can submit written comments about these applications by March 3, 2021. One specific application involves Scott A. Schoenmann from Wisconsin, who wants to retain voting shares in The Peoples Community Bancshares, Inc., and indirectly in The Peoples Community Bank. The notice is officially recorded under the document number 2021-03050 and includes information on where further details can be accessed.

    Simple Explanation

    The Federal Reserve System is letting people know that there are plans for some individuals to buy parts of a bank, and they can give their opinions about it. One person from Wisconsin, Scott A. Schoenmann, wants to keep some say in his bank, and everyone can check the details and share thoughts until March 3, 2021.

  • Type:Notice
    Citation:90 FR 9972
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from various individuals and trusts wishing to acquire shares in banks and bank holding companies. These applications are being reviewed under the Change in Bank Control Act, and public comments on the applications are invited until March 7, 2025. Two sets of applications are highlighted: one involves the Arden Wolf Family Group seeking to acquire shares of Platte Valley Bancorp, Inc. in Nebraska, and the other involves the Whelan Family Group aiming to acquire shares of Relationship Financial Corporation and Guadalupe Bank in Texas. Information about these applications is available for public inspection at the relevant Federal Reserve Banks.

    Simple Explanation

    The Federal Reserve System is looking at requests from some people and family groups who want to own more pieces of certain banks. They want people to tell them what they think about this before March 7, 2025.

  • Type:Notice
    Citation:90 FR 9431
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice about applications under the Change in Bank Control Act. This announcement concerns individuals and trusts seeking to acquire shares in banks or bank holding companies. Specifically, the Pratt Family PFBS Irrevocable Trust aims to join a control group to acquire voting shares of PFBS Holdings, Inc., which would give them control over Lakeside Bank in Texas. Comments on these applications are welcome until February 27, 2025, and can be submitted to the Federal Reserve Bank of Dallas or the Board of Governors.

    Simple Explanation

    The Federal Reserve has a new rule: if someone wants to buy lots of bank shares to gain control, like a family or trust, they need to ask for permission. Right now, a family trust wants to control a bank in Texas, and people can tell the Federal Reserve what they think about this until February 27, 2025.

  • Type:Notice
    Citation:90 FR 11969
    Reading Time:about 3 minutes

    The Federal Reserve System has received applications from several individuals and groups seeking to acquire shares in banks or bank holding companies, as outlined under the Change in Bank Control Act. These applications are open to public review and comment, with comments due by March 28, 2025. Notable applications include a group from Bentonville, Arkansas, aiming to acquire shares in Stark Bancshares, Inc., and the Kosman Family Group, looking to retain and share control over Platte Valley Financial Service Companies Inc. and its associated banks. Interested parties can submit comments to the Federal Reserve Banks in St. Louis and Kansas City, or the Board of Governors.

    Simple Explanation

    The Federal Reserve got requests from some people and families who want to buy parts of banks, and everyone can share their thoughts on this until the end of March. One group is from Bentonville and wants to buy some of one bank, while a family wants to keep owning some other banks together.

  • Type:Notice
    Citation:86 FR 8910
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from individuals who want to acquire shares of a bank or bank holding company under the Change in Bank Control Act. These applications are public and can be inspected at specific Federal Reserve Banks or the Board of Governors' offices. The public can submit comments on these applications by February 25, 2021, to the addresses provided, including electronic submissions. One application involves Jeremy Francis Gilpin and Jeffrey Alan Smith seeking to acquire shares as a group in Community Bankshares, Inc., and its subsidiaries in Georgia and Alabama.

    Simple Explanation

    The Federal Reserve got a request from some people who want to buy parts of a bank to help it grow, and they are letting everyone know so people can say what they think by a certain date.