Federal Reserve Reviewing Ownership Stake in Illinois Bank
August 27, 2025
August 27, 2025
WASHINGTON, Aug. 27 (TNSFR) -- The Federal Reserve System is reviewing an application concerning the ownership of an Illinois-based bank holding company and its subsidiary. The application was filed under the Change in Bank Control Act.
The filing indicates that the Lenore M. McCarter Declaration of Trust, Snowmass, Colorado, aims to maintain its voting shares of FNBC of LaGrange Inc., Illinois. This would, in turn, allow the trust to indirectly retain shares in FNBC Bank and Trust, . . .
The filing indicates that the Lenore M. McCarter Declaration of Trust, Snowmass, Colorado, aims to maintain its voting shares of FNBC of LaGrange Inc., Illinois. This would, in turn, allow the trust to indirectly retain shares in FNBC Bank and Trust, . . .