Bank Control Shifts: Fed Reviews New Ownership Bids
Published Date: 4/22/2026
Notice
Summary
If you want to buy or take control of a bank or its holding company, you need to tell the Federal Reserve and wait for approval. People like James Long are applying to do just that, and the public can share their thoughts by May 7, 2026. This process keeps banks safe and fair while making sure everyone knows who’s in charge.
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Analyzed Economic Effects
3 provisions identified: 0 benefits, 1 costs, 2 mixed.
Must Notify Fed Before Buying a Bank
If you want to buy or take control of a bank or a bank holding company, you must file a notice under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41) and wait for the Federal Reserve's approval before completing the acquisition.
Public Comment Period and Disclosure Rules
The public can submit written comments on these change-in-control applications, and comments must be received by May 7, 2026. Comments are subject to public disclosure and generally will be made available without changes, so do not include confidential information you do not want publicly released.
James Long Seeks Control of Texas Bank
James Long of New Braunfels, Texas, has applied to become a co-trustee of the First Commercial Financial Corporation Employee Stock Ownership Plan and thereby acquire control of First Commercial Financial Corporation, which indirectly owns First Commercial Bank, N.A., in Seguin, Texas. Local residents and other interested persons may inspect the public portions of the application at the Federal Reserve Bank of Dallas and submit comments by May 7, 2026.
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