Federal Reserve Eyes Bank Holding Company Formations and Mergers
Published Date: 3/3/2025
Notice
Summary
Some companies want to become bank holding companies or buy banks, and the Federal Reserve is checking their applications. If you have thoughts, you can send comments by April 2, 2025. This affects banks, their owners, and anyone interested in bank mergers or acquisitions, with no direct cost but important for the banking world.
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
Public comment window: April 2, 2025
The public can send written comments about the listed bank holding company applications. Comments must be received at the Federal Reserve Bank indicated or at the Board of Governors (Ann E. Misback, Secretary, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001) by April 2, 2025.
Comments will be publicly disclosed
Comments submitted are subject to public disclosure and generally will be made available without change. The notice warns not to include confidential business or personal identifying information in comments because they may be published.
Public access to application materials and FOIA option
Public portions of the applications and related filings are available for inspection at the Federal Reserve Bank(s) listed and at the Board of Governors. The information can also be requested on an expedited basis via the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Specific application: Longview to buy Federated Bank (IL)
Longview Capital Corporation, Newman, Illinois, has applied to acquire Federated Bank, Onarga, Illinois. That application is listed for review by the Federal Reserve Bank of Chicago, and comments on it must be received by April 2, 2025.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in