2025-21246Notice

Fed Announces Banks Still Doing Bank Things, World Continues

Published Date: 11/26/2025

Notice

Summary

Bank holding companies want to form, merge, or buy other banks, and the Federal Reserve is reviewing their applications. If you’re involved with these companies or just curious, you can comment by December 26, 2025. These moves could change who controls certain banks and might affect how money flows in your community.

Analyzed Economic Effects

2 provisions identified: 0 benefits, 1 costs, 1 mixed.

Proposed local bank ownership change

The Adirondack Trust Company Employee Stock Ownership Trust applied to acquire additional voting shares of 473 Broadway Holding Corporation and thereby indirectly acquire additional voting shares of The Adirondack Trust Company in Saratoga Springs, New York. The Federal Reserve is accepting public comments on this application until December 26, 2025.

Public comments will be publicly disclosed

If you send a comment about any application, your comment will be made available to the public and generally will be released without changes. The notice warns you not to include confidential or identifying information because comments may include contact or business data that will be disclosed.

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Key Dates

Published Date
11/26/2025

Department and Agencies

Department
Independent Agency
Agency
Federal Reserve System
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