More Bank Ownership Changes: Fed Says Comment Away
Published Date: 4/28/2026
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 fair and safe. If you have thoughts, you can send your comments by May 13, 2026. This process helps keep bank ownership clear and protects everyone’s money.
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Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
Public comment window until May 13, 2026
You can submit written comments on the listed bank-control applications to the Federal Reserve Bank indicated or to the Board of Governors. Comments must be received not later than May 13, 2026.
Comments will be publicly disclosed
Any comments you send are subject to public disclosure and, in general, will be made available without change, including personal or business contact information. The notice warns commenters not to include confidential information that would be inappropriate for public release.
Application files available for public inspection
The public portions of the applications and related filings are available for immediate inspection at the Federal Reserve Bank(s) listed and at the Board of Governors' offices. You can also request the information via the Board's Freedom of Information Office (https://www.federalreserve.gov/foia/request.htm).
Specific application to acquire Luana bank shares
The Blake Schultz Irrevocable GST Trust, Sarah Schultz Freilinger (as trustee) and related trusts of Luana, Iowa, filed to join the Schultz Family Control Group to acquire voting shares of Luana Bancorporation and thereby Luana Savings Bank, both of Luana, Iowa.
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