Fed Reviews Bank Buyouts: Comment by May 13!
Published Date: 4/28/2025
Notice
Summary
If someone wants to buy enough shares to control a bank or its holding company, they have to tell the Federal Reserve first. People can check these plans and share their thoughts by May 13, 2025. This keeps bank ownership clear and fair, making sure big money moves get a thumbs-up from the government.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Public comment window on bank control filings
The public can inspect the public parts of Change in Bank Control applications at the indicated Federal Reserve Bank and at the Board of Governors, and may submit written comments. Comments about these bank-control applications must be received by May 13, 2025, and will be subject to public disclosure.
Comments are publicly disclosed — privacy warning
Any comments you send about these applications will be made public and generally published without change, so do not include confidential or identifying business information. The notice specifically warns commenters not to include confidential information because comments are subject to public disclosure.
Specific acquisition under review: Twin City Bank
An application was filed for Darragh Buckley of Bend, Oregon to acquire voting shares of Twin City Bancorp, Inc., and thereby indirectly acquire Twin City Bank of Longview, Washington. The public may inspect the filings at the Federal Reserve Bank of San Francisco and submit comments by May 13, 2025.
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