Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Published Date: 2/6/2026
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 February 23, 2026, to speak up. This process helps keep banks safe and sound while letting new owners step in smoothly.
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
Public comment window open
You can submit written comments on the bank‑control applications; comments must be received by February 23, 2026 at the Federal Reserve Bank indicated (e.g., Federal Reserve Bank of Minneapolis) or at the Board of Governors, Benjamin W. McDonough, Deputy Secretary, 20th St. and Constitution Ave. NW, Washington, DC 20551-0001.
Comments will be publicly disclosed
Comments you submit are subject to public disclosure and generally will be made available without change, including personal or business identifying information; do not include confidential information you do not want publicly released.
Applications available for inspection
The public portions of the applications and related filings are available for inspection at the Federal Reserve Bank(s) indicated (here: Federal Reserve Bank of Minneapolis) and at the Board of Governors; you can also request information via the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Notice: Specific bank‑share acquisition filed
The 2012 Revocable Trust of Lynne Singer Redleaf (Lynne Singer Redleaf, trustee) and Benleaf, LLC (Andrew J. Redleaf, manager), all of Minneapolis, Minnesota, as a group acting in concert, applied to acquire voting shares of Park Financial Group, Inc., Minneapolis, Minnesota, and thereby indirectly acquire voting shares of Park State Bank, Duluth, Minnesota. Andrew J. Redleaf was previously permitted to acquire voting shares of Park Financial Group, Inc., in an individual capacity.
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