🏦Change in Bank Control Notices Impacting Acquisitions of Banks
The Federal Reserve System announces applications for bank control changes under the Change in Bank Control Act. This includes public comment opportunities and guidelines for the review of acquisition applications pertaining to bank shares. It highlights the regulatory considerations and compliance for potential stakeholders involved in bank ownership changes.
Learn More🏦Federal Reserve Change in Bank Control Notices Overview
The Federal Reserve announces changes regarding bank control notices, addressing acquisitions of bank shares under the Change in Bank Control Act. The document outlines the submission process for public comments and details relevant parties involved in the applications, providing insights for stakeholders in the financial sector.
Learn More📜Business Implications of DFARS Service Contracting Regulations
The Defense Acquisition Regulations System has submitted to OMB for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.
Learn More🚍Avalon Motor Coaches Tentatively Approved for Key Acquisition
On December 11, 2024, Avalon Motor Coaches, LLC (Avalon Motor Coach), an interstate passenger motor carrier, together with its noncarrier affiliates Virgin-Fish, Inc. (Virgin-Fish), and Jeffrey Brush (Avalon Motor Coach, Virgin-Fish, and Jeffrey Brush will be collectively referred to as "Avalon") filed an application for Avalon to purchase most of the assets of another interstate passenger motor carrier, Rose Chauffeured Transportation, Inc. (Rose), and assume substantially all of its outstanding contracts related to its charter services. The Board is tentatively approving and authorizing this transaction. If no opposing comments are timely filed, this notice will be the final Board action.
Learn More🚍Transportation Board Approves Acquisition of Minnesota Motor Carriers
TIP Minnesota Coaches Acquisition LLC, TIP MN Investments LP, and Tiger Infrastructure Partners Fund IV AIV LP (Applicants) filed an application seeking authority to acquire control of seven interstate passenger motor carriers: Marschall Line, Inc. (Marschall Line), Minnesota Coaches, Inc. (Minnesota Coaches), Rehbein Transit Co., Inc. (Rehbein), Ready Bus Company Inc. (Ready Bus), Voyageur Bus Company, Inc. (Voyageur Bus), Minn-Dakota Coaches, Inc. (Minn-Dakota), and Faribault Transportation Service, Inc. (FTS) (collectively, the Subject Carriers). The Board is tentatively approving and authorizing the transaction. If no opposing comments are timely filed, this notice will be the final Board action.
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