Federal Reserve Reviews Bank Control Change Notices from Families and Trusts
Published Date: 11/18/2025
Notice
Summary
Families and groups wanting to buy big chunks of banks or bank companies have to tell the Federal Reserve first. The Fed checks these plans carefully and lets the public see the details and share their thoughts by December 3, 2025. This keeps bank ownership clear and fair, making sure no surprises pop up with money or control.
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
Must Notify Fed Before Buying Bank Control
If you or a group want to buy controlling shares of a bank or a bank holding company, you must apply under the Change in Bank Control Act and 12 CFR 225.41 to the Federal Reserve. The Board considers the factors in paragraph 7 of the Act when reviewing these applications.
Public Access to Application Files
The public portions of bank change-in-control applications are available for inspection at the indicated Federal Reserve Bank(s) and at the Board of Governors' offices. You can also request expedited copies via the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Public Comments Due and Made Public
Anyone may submit written comments on these bank control applications, and comments must be received by December 3, 2025. Comments received are subject to public disclosure and generally will be made available without change, so you should not include confidential information in your comment.
Specific Kansas Family Group Applied
A group of named family trusts and individuals (various Mann trusts and others) applied to join the Floyd Family Group to acquire voting shares of Legacy Financial, Inc., Johnson, Kansas, and thereby indirectly acquire voting shares of Dream First Bank, National Association, Syracuse, Kansas. The application is available for inspection at the Federal Reserve Bank of Kansas City.
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