Fed Reminds Bank Buyers: Get Approval or Else
Published Date: 2/24/2025
Notice
Summary
Some families and groups want to buy or keep shares in banks, and the Federal Reserve is checking their applications to make sure everything’s fair and safe. If you want to share your thoughts, you have until March 11, 2025, to speak up. This process helps keep banks strong and protects your money!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
You can comment on bank control filings
If you want to express your views on the listed bank-control applications, you may send written comments to the indicated Federal Reserve Bank or to the Board of Governors (Ann E. Misback, Secretary) at 20th Street and Constitution Avenue NW, Washington, DC 20551-0001. Comments must be received not later than March 11, 2025.
Comments will be publicly disclosed
Comments you submit on these applications are subject to public disclosure and generally will be made available without change, including personal or business contact information. The notice warns you not to include confidential information in your comments.
Filings available for inspection and FOIA requests
The public portions of the bank-control applications and related filings are available for immediate inspection at the listed Federal Reserve Bank(s) and at the Board of Governors' offices, and may be obtained on an expedited basis by contacting the appropriate Reserve Bank or the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
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Key Dates
Related Federal Register Documents
2025-21626 — Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
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2026-11522 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If you or your family want to buy or control shares in a bank or bank holding company, you need to tell the Federal Reserve and wait for approval. The Federal Reserve reviews these requests carefully and invites the public to share their thoughts by June 24, 2026. This keeps bank ownership clear and fair, making sure big money moves get the green light before they happen.
2026-11523 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Some companies want to become bank holding companies or merge with others, which means they’ll control banks or other financial businesses. If you want to share your thoughts, you’ve got until July 9, 2026, to send comments. These changes could shake up local banking, so keep an eye on who’s joining forces and when!
2026-11448 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
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 want to share your thoughts, you’ve got until June 23, 2026, to speak up! This process helps keep banks strong and protects everyone’s money.
2026-11355 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Mascoma Mutual Financial Services from New Hampshire is merging with Androscoggin Bancorp in Maine and will also take over Portland Trust Company to offer trust services. This means bigger banking options and new services for customers in these areas. The Federal Reserve fixed a previous notice to make sure everyone knows the details clearly.
2026-11100 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Bank companies want to grow by forming new groups, buying other banks, or merging with them. If you’re involved with these companies, you can share your thoughts by July 3, 2026. These moves could change who controls local banks and might affect money and services in your community.
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