Federal Reserve System Reviews FirstBanc of Alabama Merger Application
January 24, 2026
January 24, 2026
WASHINGTON, Jan. 24 (TNSFR) -- The Federal Reserve System is reviewing an application from FirstBanc of Alabama Inc., Talladega, to merge with FBDC Financial Corp. indirectly acquiring First Fidelity Bank, both of Fort Payne, Alabama.
This proposal was submitted under the Bank Holding Company Act of 1956 and Regulation Y. These regulations require companies to seek Board approval before acquiring assets, ownership, or voting shares of another bank or bank holding company. The review . . .
This proposal was submitted under the Bank Holding Company Act of 1956 and Regulation Y. These regulations require companies to seek Board approval before acquiring assets, ownership, or voting shares of another bank or bank holding company. The review . . .