Federal Reserve Seeks Input on Bank Mergers and Acquisitions
Published Date: 2/10/2025
Notice
Summary
Some companies want to become or grow as bank holding companies by merging with or buying banks. If you’re involved in banking or interested, you can share your thoughts by March 12, 2025. These moves could change who controls certain banks and might affect local banking options and money flow.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Proposed Bosshard Bank Acquisitions in Wisconsin
Bosshard Financial Group, Inc., La Crosse, Wisconsin, filed to merge with Bosshard Banco, Ltd., La Crosse, Wisconsin, and thereby indirectly acquire Intercity State Bank (Schofield, Wisconsin) and The First National Bank of Bangor (Bangor, Wisconsin). This application, if approved, would change who controls those named banks and could affect local banking options and the flow of money in those communities.
Public Comments Will Be Disclosed
If you submit a written comment on these bank-holding applications, the Board says comments will be made available to the public without change. Do not send confidential business or personal identifying information because comments are subject to public disclosure; comments must be received not later than March 12, 2025 at the indicated Reserve Bank or the Board of Governors.
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