Fed Reviews Bank Side Hustles: Comment by April!
Published Date: 3/19/2026
Notice
Summary
Some companies want to start or buy businesses that do special banking-related activities allowed by law. If you’re interested, you can check out their plans and share your thoughts by April 20, 2026. These moves could shake up the banking world across the U.S., but no big money changes are announced yet.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Bank Holding Company Seeks Bank Acquisition
Columbia Financial, Inc. filed notice to acquire Northfield Bancorp, Inc. and thereby indirectly acquire Northfield Bank. The acquisition would involve operating a savings association under Regulation Y section 225.28(b)(4)(ii), and the notice says these activities would be conducted throughout the United States. Interested parties may view the public portions of the filing at the Federal Reserve Bank listed and may comment by April 20, 2026.
Public Comments Will Be Fully Disclosed
If you send a comment about these filings, your comment will be made public and will be posted without changes, including contact or business identifying information. Comments must be submitted to the listed Reserve Bank or the Board by April 20, 2026.
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