The Federal Reserve System has announced that people listed in the notice have applied to gain control of shares in a bank or bank holding company under the Change in Bank Control Act. Interested individuals can review the public parts of the applications at the Federal Reserve Banks or through the Board's website. The public can also send their comments on these applications, but they should be aware that any information shared will be publicly disclosed. Comments on the applications should be submitted by March 27, 2025.
Simple Explanation
The Federal Reserve is giving some people a chance to buy parts of a bank, and they want to make sure everyone knows about it and can say what they think before a certain date. People can check the details online or at specific places and tell the Federal Reserve what they think by the end of March.