Fed Eyes Bank Takeovers: Public Invited to Weigh In
Published Date: 3/28/2025
Notice
Summary
Some investors want to buy shares of a savings and loan holding company, which means they could control a local bank. The Federal Reserve is checking these requests and wants the public to share their thoughts by April 14, 2025. This process helps keep banks safe and sound while making sure changes in control are fair and transparent.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
You can comment on bank takeover
You can send written comments about an application by The Stilwell Group to buy voting shares of IF Bancorp, Inc., and thereby indirectly acquire Iroquois Federal Savings and Loan Association in Watseka, Illinois. Comments must be received at the Federal Reserve Bank of Chicago or the Board of Governors by April 14, 2025, and may be inspected at the indicated Reserve Bank or the Board's offices.
Comments will be publicly disclosed
If you send a comment about these applications, your comment will generally be made available to the public without change and may include personal or business identifying information. Do not include confidential information in your comment; comments must be received by April 14, 2025.
Federal Reserve review to guard bank safety
The Federal Reserve is reviewing a Change in Bank Control Act application by The Stilwell Group to acquire shares of IF Bancorp, Inc., which would indirectly acquire Iroquois Federal Savings and Loan Association of Watseka, Illinois. The review follows the Act and Regulation LL and is intended to help keep banks safe and sound and ensure changes in control are fair and transparent.
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