Mystery Bank Buyer Files Required Government Paperwork
Published Date: 1/16/2025
Notice
Summary
If someone wants to buy or control shares in a bank or bank holding company, they have to tell the Federal Reserve first. People can check these plans and share their thoughts by January 31, 2025. This keeps bank ownership clear and fair, making sure no surprises pop up in who’s running the banks.
Analyzed Economic Effects
4 provisions identified: 3 benefits, 1 costs, 0 mixed.
Must notify Federal Reserve before buying bank control
If you want to acquire or control shares of a bank or a bank holding company, you (the purchaser) must apply under the Change in Bank Control Act and Regulation Y and notify the Federal Reserve before completing the purchase.
Public access to change-in-control applications
The public portions of these change-in-control applications are available for inspection at the Federal Reserve Bank(s) listed (for this notice: the Federal Reserve Bank of Minneapolis) and at the Board of Governors, and may be requested via the Board's FOIA request page.
Public comment window and disclosure rules
Interested persons may submit written comments on the applications; comments must be received at the indicated Reserve Bank or at the Board of Governors (Ann E. Misback, Secretary) not later than January 31, 2025. Comments received are subject to public disclosure and generally will be made available without change.
Specific application: Pogatchnik family retaining bank shares
Gabrielle Pogatchnik of Philadelphia has applied to join the Pogatchnik Family Control Group to retain voting shares of Finlayson Bancshares, Inc., and thereby indirectly retain voting shares of First Independent Bank (Russell, MN) and Northview Bank (Sandstone, MN); the public may comment on this application by January 31, 2025 at the Federal Reserve Bank of Minneapolis or the Board of Governors.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Related Federal Register Documents
2026-17562, Arms Sales Notification
The DoD (referred to herein as "the Department," "Department of War" or "DoW") is publishing the unclassified text of an arms sales notification.
2026-17589, Leila Kump, M.D.; Decision and Order
2026-17633, Combined Notice of Filings
2026-17618, Oil Country Tubular Goods From Austria, Taiwan, and the United Arab Emirates: Postponement of Preliminary Determinations in the Less-Than-Fair-Value Investigations
2026-17634, Combined Notice of Filings #2
2026-17547, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Delay the Implementation of SR-ISE-2026-18
Previous / Next Documents
Previous: 2025-01029, United States Classes, Standards, and Grades for Poultry
The USDA is updating the rules that decide how poultry is classified and graded to keep up with new farming methods and what shoppers want. This affects poultry producers, sellers, and buyers who rely on clear quality standards. You can share your thoughts by March 17, 2025, so get ready to weigh in and help shape the future of poultry labeling!
Next: 2025-01033, Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
Some companies want to start or buy businesses that do activities related to banking but aren’t banks themselves. The Federal Reserve is letting the public know and asking for comments by January 31, 2025. This affects companies across the U.S. and helps keep banking activities safe and fair without costing anyone extra right now.