Fed Reviews Bank Buyouts: Comments Due October 16
Published Date: 10/1/2025
Notice
Summary
If you want to buy or control shares in a bank or bank holding company, you need to tell the Federal Reserve first. They’re checking applications like one from Robert Narmont’s trust to keep shares in a bank in Illinois. If you want to share your thoughts, you’ve got until October 16, 2025, to speak up—so don’t miss the deadline!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Tell Fed Before Buying Bank Control
If you want to buy or control shares of a bank or a bank holding company, you must apply to the Federal Reserve under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41). The Board reviews such applications using the factors set out in paragraph 7 of the Act.
Public Access to Filing Materials
The public portions of these change-in-control applications and related filings are available for immediate inspection at the Federal Reserve Bank(s) listed and at the Board of Governors. You can also request the records on an expedited basis by contacting the appropriate Reserve Bank or through the Board's Freedom of Information Act (FOIA) office.
Public Comment Deadline and Disclosure Risk
If you want to comment on an application, you must send written comments to the indicated Federal Reserve Bank or to the Board of Governors (Ann E. Misback, Secretary) so they are received not later than October 16, 2025. Comments will be publicly disclosed without change and may include personal or business contact or identifying information, so do not submit confidential information.
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