Federal Reserve Reviews Family Bank Control Request
Published Date: 5/18/2026
Notice
Summary
If you want to buy or control shares in a bank or bank holding company, you need to tell the Federal Reserve first. They’re reviewing requests like the Mahar Family’s plan to keep control of their bank in North Dakota. If you want to share your thoughts, you’ve got until June 2, 2026, to speak up—so don’t miss the deadline!
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Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
Must Notify Fed Before Buying Bank Control
If you want to buy or gain control of shares in a bank or bank holding company, you must apply to the Federal Reserve under the Change in Bank Control Act and Regulation Y before completing the purchase.
Public Comment Deadline for Bank Control Filings
Members of the public may submit written comments on these change-in-control applications; comments must be received by June 2, 2026.
Comments Will Be Publicly Disclosed
Comments submitted on these applications will be made available to the public without change, so you should not include confidential or identifying business information in your submission.
Public Inspection and FOIA Access to Filings
The public portions of the applications are available for inspection at the specified Federal Reserve Bank(s) and at the Board of Governors, and may be obtained on an expedited basis by contacting the Reserve Bank or the Board's FOIA office.
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