Fed Reviews Who Wants to Buy Bank Shares Next
Published Date: 2/28/2025
Notice
Summary
If you want to buy or control shares in a bank or bank holding company, you need to tell the Federal Reserve first. They’re reviewing who’s applying to take over shares and want your comments by March 17, 2025. This keeps bank ownership clear and fair, so everyone knows who’s in charge and when changes happen.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Public comment window on bank takeovers
You can submit written comments on pending applications to acquire or control shares of a bank or bank holding company; comments must be received by March 17, 2025 at the Reserve Bank indicated or the Board of Governors in Washington, DC.
Comments will be publicly disclosed
Comments you send on these applications will be made publicly available and generally will be released without change, including personal or business identifying information; do not include confidential information because it may be disclosed.
Specific ESOP retains bank voting shares
The Buckeye State Bank 401(k) Employee Stock Ownership Plan, along with named trustees Stanley D. Jackson and Kevin T. Rahe, filed to retain voting shares of Buckeye State Bancshares, Inc., and thereby indirectly retain voting shares of Buckeye State Bank (both of Powell, Ohio).
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