Fed Reviews Bank Control Changes for Stability
Published Date: 4/22/2025
Notice
Summary
Some folks want to buy or keep shares in banks or bank companies, and the Federal Reserve is checking their applications to make sure everything’s fair and safe. If you want to share your thoughts, you’ve got until May 7, 2025, to speak up! This process helps keep banks strong and protects everyone’s money.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Public comment deadline May 7, 2025
You can send written comments about the bank-control applications, but the Federal Reserve must receive them by May 7, 2025. Comments will be part of the public record, so do not include confidential personal or business information.
Applications available for public inspection
The public portions of the applications are available for inspection at the listed Federal Reserve Bank(s) and at the Board of Governors, and can be requested via the Board's FOIA process at https://www.federalreserve.gov/foia/request.htm. You may inspect these filings to see details about the proposed change in control.
Smith family seeks to retain Bank of Dawson shares
Harry Phillips Smith 2020 Trust, Raines Smith Bettis, John L. Leach, III, Robert L. Leach, and Adelaide S. Satterfield, all of Albany, Georgia, applied to join the Smith Family Group to retain voting shares of Dawson Bancshares, Inc., and thereby indirectly retain voting shares of Bank of Dawson in Dawson, Georgia. The application is filed under the Change in Bank Control Act and is open for public comment.
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