Fed Eyes Bank Mergers: Ensuring Safe Growth in Finance
Published Date: 3/5/2025
Notice
Summary
Some companies want to become bank holding companies or buy banks, and the Federal Reserve is reviewing their applications. If you have thoughts, you can send comments by April 4, 2025. This process affects banks, companies, and the public by shaping who controls banks and their money moves.
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
You can comment by April 4, 2025
The Federal Reserve is accepting written public comments on pending bank holding company applications; comments must be received not later than April 4, 2025, at the Federal Reserve Bank listed or at the Board of Governors (Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington DC 20551-0001). If you want to weigh in on who controls banks, you must send any comments by that April 4, 2025 deadline.
Comments will be publicly disclosed
Comments submitted are subject to public disclosure and, in general, will be made available without change; the notice states comments will not be modified to remove personal or business information including confidential contact or other identifying information. If you send a comment, your submission may become publicly viewable as written.
Application files available for inspection
The public portions of the applications and related filings are available for immediate inspection at the Federal Reserve Bank(s) indicated and at the Board of Governors, and can also be requested via the Board's Freedom of Information Office. You can review the application materials in person at the listed Reserve Bank or request them using the Board's FOIA process.
Battle Financial seeks to buy Upsala bank
Battle Financial, Inc., Edwards, Colorado, filed an application to become a bank holding company by acquiring Stearns Bank of Upsala, National Association, Upsala, Minnesota. This specific application is listed for public review and comment in the Federal Reserve Bank of Minneapolis notice.
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