Application Submitted to Federal Reserve by Loundy Family to Retain Devon Bancorp Shares
August 05, 2025
August 05, 2025
WASHINGTON, Aug. 5 (TNSFR) -- The Federal Reserve System is inviting public comment on an application from a group of trusts and individuals all connected to the Loundy family seeking to retain their voting shares in Devon Bancorp Inc. This move would allow the group to maintain control of the Chicago-based financial institution and its subsidiary, Devon Bank.
This application is under the purview of the Change in Bank Control Act, a statute that mandates a public review period for . . .
This application is under the purview of the Change in Bank Control Act, a statute that mandates a public review period for . . .