Search Results for keywords:"mergers"

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Search Results: keywords:"mergers"

  • Type:Notice
    Citation:89 FR 105048
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice regarding companies that have applied to become bank holding companies or to acquire control over banks or other bank holding companies. These applications are being processed under the Bank Holding Company Act. People can view the public parts of these applications at certain Federal Reserve Banks and the Board of Governors' offices, or request them online. The public can submit comments on these applications until January 27, 2025, but should avoid including confidential information in their submissions.

    Simple Explanation

    The Federal Reserve is letting everyone know that some companies want to become owners of banks, and they are asking people to share their thoughts about this until January 27, 2025. You can look at these requests online, but be careful not to share any secrets when you tell them what you think.

  • Type:Notice
    Citation:90 FR 11174
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain companies have applied for approval to form or acquire bank holding companies. These applications are compliant with the Bank Holding Company Act of 1956 and related regulations. Interested individuals can inspect the applications at specified Federal Reserve Banks or on the Federal Reserve's website. Comments on these applications must be submitted in writing by April 3, 2025, and will be publicly disclosed.

    Simple Explanation

    The Federal Reserve is letting people know that some businesses want to start or buy banks, and they can check these requests online or at certain places. People can also write their thoughts about these plans, which will be shared so everyone can see them, but they have to do it by April 3, 2025.

  • Type:Notice
    Citation:86 FR 11992
    Reading Time:about 2 minutes

    The Federal Energy Regulatory Commission received various filings related to electric corporate and rate matters. These include requests for authorization for mergers, tariff revisions, and rate application supplements from companies like Altamont Winds LLC and Indiana Crossroads Wind Farm LLC. Interested parties are invited to submit comments or intervene by specific dates. Instructions for accessing the filings and participation procedures are provided on the Commission's website.

    Simple Explanation

    The government is looking at some plans from different companies that want to change the wires and prices for electricity, and people can tell the government what they think about these plans.

  • Type:Notice
    Citation:86 FR 9340
    Reading Time:about a minute or two

    The Federal Reserve System has announced a notice about several companies seeking approval to become bank holding companies or acquire existing ones. These applications are made under the Bank Holding Company Act of 1956 and related regulations. The public can inspect these applications at designated Federal Reserve Banks or via the Federal Reserve's Freedom of Information Office. Comments on these applications are invited and must be submitted by March 15, 2021.

    Simple Explanation

    Some companies want to become or join banks, and they're asking for permission to do so. People can look at these requests and say what they think by March 15, 2021.

  • Type:Notice
    Citation:86 FR 539
    Reading Time:about a minute or two

    The Federal Reserve System announced that several companies have applied for approval to become bank holding companies or to acquire assets or control of banks or bank holding companies. Public portions of these applications are available for inspection at specific Federal Reserve Banks and online through the Federal Reserve's website. Interested individuals can submit their comments about these applications by February 5, 2021. One notable application involves PNC Financial Services Group, Inc. and PNC Bancorp, Inc. seeking to acquire BBVA USA Bancshares, Inc. and indirectly BBVA USA.

    Simple Explanation

    The Federal Reserve says some companies want to buy banks or become bank owners, and people can look at these plans online and share their thoughts by early February 2021. One big company, PNC, wants to buy another bank called BBVA USA.

  • Type:Notice
    Citation:90 FR 3870
    Reading Time:about a minute or two

    In the Federal Register from December 26, 2024, a notice was published by the Federal Reserve Bank of Chicago, originally under the title "Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities." This has been corrected to "Formations of, Acquisitions by, and Mergers of Bank Holding Companies." The correction clarifies that the company involved applied to become a bank holding company or acquire control of one under the Bank Holding Company Act of 1956. It also corrects that entities referred to as savings and loan holding companies are actually bank holding companies. The comment period for the public remains open until January 27, 2025.

    Simple Explanation

    The Federal Reserve is fixing some mistakes they made in a December notice. They want to let everyone know that they are talking about banks joining together or buying each other, not talking about other kinds of businesses.

  • Type:Notice
    Citation:86 FR 9504
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain companies are seeking approval to become bank holding companies or to acquire control of banks or bank holding companies. These applications are open for public inspection and comment. For example, Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan intends to acquire 19.34% of Community Bancshares of Mississippi, Inc. Interested parties must submit their comments by March 18, 2021.

    Simple Explanation

    The Federal Reserve is letting everyone know that some companies want to own banks or more of the banks they already own, and people can say what they think about this until March 18, 2021.

  • Type:Notice
    Citation:86 FR 12002
    Reading Time:about a minute or two

    The Federal Reserve System published a notice regarding applications from companies seeking approval to form, acquire, or merge bank holding companies. Two specific applications are highlighted: Eagle Financial Bancorp in Cincinnati, planning to become a bank holding company by acquiring EAGLE Bank, and Southern Bancorp, Inc. in Arkadelphia, aiming to merge with DeWitt First Bankshares Corporation to indirectly acquire Arkansas County Bank. The public can inspect these applications at the relevant Federal Reserve Banks and submit their comments by the end of March 2021.

    Simple Explanation

    The Federal Reserve System is looking at some companies that want to either take over or join banks. For example, a company called Eagle Financial Bancorp wants to buy a bank called EAGLE Bank, and Southern Bancorp, Inc. wants to merge with another company to get a different bank. People can share their thoughts about these changes before the end of March 2021.

  • Type:Notice
    Citation:89 FR 104153
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from several companies seeking approval to become bank holding companies or to acquire control of other banks or bank holding companies under the Bank Holding Company Act of 1956. The public can view these applications at the Federal Reserve Banks and the Board of Governors' offices, or request them online. People interested in these applications may submit their comments in writing by January 21, 2025. The applications include F&M Bancshares, Inc. acquiring Newcastle Bancshares, Inc. in Texas, and LevelField Financial, Inc. becoming a bank holding company by acquiring Burling Bank in Illinois.

    Simple Explanation

    The Federal Reserve is looking at applications from companies that want to either become or take over banks. People can check out these applications and share their thoughts on them until January 21, 2025.

  • Type:Notice
    Citation:90 FR 10826
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from companies that want to become bank holding companies or acquire control over existing banks or bank holding companies. Interested people can review these applications and submit comments. Comments should be submitted by March 13, 2025, and any information included in them will be publicly accessible. One specific application is from Yoakum National Bancshares, Inc., aiming to acquire Ganado Bancshares, Inc., and thereby gain control over Citizens State Bank in Texas.

    Simple Explanation

    The Federal Reserve is looking at requests from companies that want to own banks. People can say what they think about these requests until March 13, 2025, but their name and details will be shared with everyone.

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