Fed Scrutinizes Wisconsin Bank Family Takeovers
Published Date: 9/17/2025
Notice
Summary
Some families and groups want to buy big chunks of local banks in Wisconsin, and the Federal Reserve is checking their plans to make sure everything’s fair and safe. If you want to share your thoughts, you’ve got until October 2, 2025, to speak up. This process helps keep banks strong and communities confident about who’s in charge.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Public Comment and File Inspection
You can inspect the public parts of these bank-control applications at the Federal Reserve Banks listed or request them from the Board's FOIA office. If you want to comment, your written comments must be received by October 2, 2025, and will be made publicly available, so do not send confidential information.
Family Bids for Wisconsin Bank
Two family control groups (the Schneider Family Control Group and the Schmalz Family Control Group) have applied to acquire voting shares of EWSB Bancorp, Inc., and thereby indirectly acquire voting shares of East Wisconsin Savings Bank in Kaukauna, Wisconsin. Interested persons in Wisconsin may submit comments to the Federal Reserve Bank of Chicago or the Board by October 2, 2025.
Trust Retains Illinois Bank Shares
The EDK 2011 Family Trust (Jason C. Knight, trustee) has filed to join the EDK Family Control Group to retain voting shares of Banterra Corp and thereby retain voting shares of Banterra Bank in Marion, Illinois. Comments on this retention may be submitted to the Federal Reserve Bank of St. Louis or the Board and must be received by October 2, 2025.
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