Fed Reviews Bank Holding Company Mergers and Formations
Published Date: 3/26/2025
Notice
Summary
Some companies want to become or change their status as bank holding companies by buying or merging with banks. If you’re involved with these banks or just curious, you can share your thoughts by April 25, 2025. These changes might affect how these banks operate and could involve money moves, so keep an eye out!
Analyzed Economic Effects
5 provisions identified: 1 benefits, 1 costs, 3 mixed.
Public comment period open
You can submit written comments about the listed bank holding company applications to the Federal Reserve or the indicated Reserve Banks. Comments must be received not later than April 25, 2025 and may be inspected at the Reserve Bank or the Board offices.
Comments are publicly disclosed
Comments submitted on these applications are subject to public disclosure and "will be made available without change" including personal or business contact or identifying information. The notice warns commenters not to include confidential information that would be inappropriate for public disclosure.
Lake Shore conversion filing (Dunkirk, NY)
Lake Shore, MHC of Dunkirk, New York applied to convert from mutual to stock form; Lake Shore Savings Bank will convert to a commercial bank to be renamed Lake Shore Bank and become a wholly owned subsidiary of a new corporation that has applied to become a bank holding company. This application is available for inspection at the Federal Reserve Bank of New York and comments are due April 25, 2025.
Capra Financial to become bank holding company (Dubuque, IA)
Capra Financial, Inc. has applied to become a bank holding company by acquiring Capra Bank, both located in Dubuque, Iowa. The application and related filings are available at the Federal Reserve Bank of Chicago and comments must be received by April 25, 2025.
Orion Bancorporation merger filing (IL and IA)
Orion Bancorporation, Inc., Orion, Illinois, filed to merge with Mechanicsville Bancshares, Inc., Mechanicsville, Iowa, and thereby indirectly acquire Bridge Community Bank in Mount Vernon, Iowa. The filings are on public inspection at the Federal Reserve Bank of Chicago and comments are due April 25, 2025.
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Key Dates
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