Fed Flags Bank Takeover Bids, Public Weighs In Soon
Published Date: 8/1/2025
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 August 18, 2025. This keeps bank ownership clear and fair, making sure big money moves get a thumbs-up before they happen.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Public Access to Bank Control Filings
You can inspect the public parts of applications to buy controlling shares of a bank or bank holding company at the Federal Reserve Bank listed or at the Board of Governors. You can also request related filings through the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Right to Comment — Deadline and Disclosure
Interested persons may send written comments on these change-in-control applications, and comments must be received by August 18, 2025. Comments are subject to public disclosure and generally will be made available without redaction, so do not include confidential information in your submission.
Specific Acquisition Filed: Citizens Savings Bank
An application was filed for Donald D. Arendt Qualified Terminable Interest Property Marital Trust I (Donna Arendt, trustee) to acquire voting shares of Gilman Investment Co., and thereby indirectly acquire voting shares of Citizens Savings Bank in Marshalltown, Iowa. Members of the public may inspect the application at the Federal Reserve Bank of Chicago and send comments by August 18, 2025.
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