Fed Scrutinizes Latest Bank Holding Company Moves
Published Date: 4/14/2025
Notice
Summary
Bank companies want to join forces, buy, or merge with other banks, and they’ve asked the Federal Reserve for a thumbs-up. If you’re interested, you can check out their plans and share your thoughts by May 14, 2025. These moves could shake up who controls banks and might affect money and services in your community.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Legacy Financial Seeks to Buy BancCentral
Legacy Financial, Inc., of Johnson, Kansas, has applied to acquire BancCentral, National Association, of Alva, Oklahoma; comments on this specific application are due by May 14, 2025. The application is filed under the Bank Holding Company Act and Regulation Y and is available for inspection at the Federal Reserve Bank of Kansas City and the Board.
Application Files Open for Inspection
The public portions of bank holding company applications are available for immediate inspection at the Federal Reserve Bank(s) listed in the notice and at the Board of Governors. You can also request these materials from the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Public Comment Deadline and Disclosure
Interested persons may submit written comments on these applications, and comments must be received by May 14, 2025 at the Federal Reserve Bank indicated or at the Board of Governors (Ann E. Misback, Secretary). Comments received will be made available to the public without change, so do not include confidential or identifying information in your submission.
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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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2026-11978 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
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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.
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