Fed Eyes Bank Share Buys: Speak Up by May 1!
Published Date: 4/16/2025
Notice
Summary
Some folks want to buy shares in a bank or its parent company, and the Federal Reserve is checking it out to make sure everything’s fair and safe. If you want to share your thoughts, you’ve got until May 1, 2025, to speak up. This process helps keep banks strong and protects everyone’s money.
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Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Public Comment Window and Disclosure
You can send written comments about proposed bank control changes to the Federal Reserve or the Reserve Bank listed. Comments must be received by May 1, 2025, and will be made public without redacting personal or business identifying information, so do not include confidential details.
Specific Change-in-Control Filing: Security State Bank
A group called the Crouse Family Control Group applied to acquire voting shares of Financial Security Corporation and thereby indirectly acquire voting shares of Security State Bank (both of Basin, Wyoming). The public portions of the application are available for inspection at the Federal Reserve Bank of Kansas City and at the Board, and comments on this application must be filed by May 1, 2025.
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