Fed Scrutinizes Latest Bank Holding Company Moves
Published Date: 4/14/2025
Notice
Summary
Bank companies want to join forces, buy, or merge with other banks, and they’ve asked the Federal Reserve for a thumbs-up. If you’re interested, you can check out their plans and share your thoughts by May 14, 2025. These moves could shake up who controls banks and might affect money and services in your community.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Legacy Financial Seeks to Buy BancCentral
Legacy Financial, Inc., of Johnson, Kansas, has applied to acquire BancCentral, National Association, of Alva, Oklahoma; comments on this specific application are due by May 14, 2025. The application is filed under the Bank Holding Company Act and Regulation Y and is available for inspection at the Federal Reserve Bank of Kansas City and the Board.
Application Files Open for Inspection
The public portions of bank holding company applications are available for immediate inspection at the Federal Reserve Bank(s) listed in the notice and at the Board of Governors. You can also request these materials from the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Public Comment Deadline and Disclosure
Interested persons may submit written comments on these applications, and comments must be received by May 14, 2025 at the Federal Reserve Bank indicated or at the Board of Governors (Ann E. Misback, Secretary). Comments received will be made available to the public without change, so do not include confidential or identifying information in your submission.
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