Fed Scrutinizes Bank Share Buys: Business as Usual
Published Date: 9/8/2025
Notice
Summary
Some folks want to buy shares in banks or bank companies, and the Federal Reserve is checking their applications to make sure everything’s on the up and up. If you want to share your thoughts, you’ve got until September 23, 2025, to speak up. This process helps keep banks safe and sound while letting new owners step in smoothly.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Family Group Seeks to Retain Bank Shares
The Eckelkamp Family Control Group filed notices under the Change in Bank Control Act to retain voting shares of three bank-holding entities and thereby indirectly retain voting shares of Bank of Washington, CNB St. Louis Bank, and United Bank of Union (all referenced locations in Missouri). These filings were published in the Federal Register on September 8, 2025.
Public Comment Deadline and Process
If you want to comment on these bank-control applications, your written comments must be received at the indicated Federal Reserve Bank or the Board of Governors by September 23, 2025. Comments should be sent to the Reserve Bank listed or to Ann E. Misback, Secretary of the Board, at the Board's Washington, DC address; comments received are subject to public disclosure.
Applications Available for Public Inspection
The public portions of the applications and related filings are available for immediate inspection at the Federal Reserve Bank(s) indicated and at the Board of Governors' offices; you can also request them via the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm. The notice was published in the Federal Register (Volume 90, Number 171) on September 8, 2025.
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