Fed eyes bank buyouts to keep the money machine humming smoothly
Published Date: 4/21/2025
Notice
Summary
Some folks want to buy or keep big chunks of banks or bank companies, and the Federal Reserve is checking their plans to make sure everything’s fair and safe. If you care, you’ve got until May 6, 2025, to share your thoughts. This process helps keep banks steady and protects your money!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Public access to bank acquisition filings
The public portions of these bank control applications are available for immediate inspection at the Federal Reserve Bank listed (Federal Reserve Bank of Minneapolis) and at the Board of Governors’ offices. You can also request expedited access by contacting the appropriate Federal Reserve Bank or the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Public comment window and disclosure rules
Interested persons may submit written comments on these applications, and comments must be received by May 6, 2025 at the Reserve Bank indicated or at the Board of Governors in Washington, DC. Comments received are subject to public disclosure and generally will be made available without change, so do not include information you do not want publicly disclosed.
Named applications to control KodaBank in North Dakota
The notice lists specific applicants: the Anderson Family Control Group seeks to retain voting shares of Koda Bancor, Inc. and thereby indirectly retain voting shares of KodaBank in Drayton, North Dakota, and Karen L. Schumacher seeks to acquire control of voting shares of Koda Bancor, Inc. and thereby indirectly acquire control of KodaBank. These applications are the subjects on which the public may inspect filings and submit comments by May 6, 2025.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
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
Big U.S. banks that are super important to the economy are getting new rules to keep them safer and stronger. These changes tweak how much money they must keep on hand and how they handle long-term debt, helping prevent financial trouble. The new rules kick in soon and could affect how these banks manage billions in assets and debt.
2026-11978 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If someone wants to buy enough shares to control a bank or bank holding company, they have to tell the Federal Reserve first. People can check these plans and share their thoughts by June 30, 2026. This keeps bank ownership clear and fair, making sure big changes don’t sneak by unnoticed.
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.
Previous / Next Documents
Previous: 2025-06803 — Notice Pursuant to the National Cooperative Research and Production Act of 1993-Z-Wave Alliance, Inc.
The Z-Wave Alliance just updated its membership by adding 11 new companies, saying goodbye to 7 others, and some members changed their names. These changes keep the group’s special legal protections against big antitrust lawsuits in place. If you’re part of this smart home tech club or watching the industry, these updates matter now and going forward.
Next: 2025-06805 — New Postal Products
The Postal Service just filed a new deal for special mail services, and the Commission is checking it out. This affects businesses and customers who use these services, with possible changes in prices or options soon. The public can share their thoughts before any decisions are made, so keep an eye out!