Fed Eyes Banks Buying Non-Bank Businesses: Comment Now
Published Date: 5/1/2025
Notice
Summary
Some companies want to start or buy businesses that do activities allowed for banks but aren’t actually banks. If you’re interested, you can check out their plans and share your thoughts by May 16, 2025. This helps keep banking activities safe and fair across the U.S., with no big money changes right now—just new business moves.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Bank Holding Company Files to Start Lending
Community Bankshares, Inc., through its subsidiary Phoenix Lender Services, LLC (both of LaGrange, Georgia) gave notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) and Regulation Y (12 CFR part 225) that it proposes to engage de novo in extending credit and servicing loans under Sec. 225.28(b)(1). The notice says these nonbanking activities would be conducted throughout the United States and the public may comment; comments must be received by May 16, 2025.
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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
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.
2026-09891 — 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 June 2, 2026. This helps keep banking safe and fair while allowing new business moves across the U.S.
2026-09890 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If you want to buy or control shares in a bank or bank holding company, you need to tell the Federal Reserve first. They’re reviewing requests like the Mahar Family’s plan to keep control of their bank in North Dakota. If you want to share your thoughts, you’ve got until June 2, 2026, to speak up—so don’t miss the deadline!
2026-09806 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
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2026-09529 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If you want to buy or control a bank or bank holding company, you need to tell the Federal Reserve and wait for approval. People affected include those trying to buy shares in banks like Grant County Bank or Cattlemens Bank. You’ve got until May 28, 2026, to send your comments, so don’t miss the deadline if you want to have your say!
2026-09389 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If someone wants to buy a big chunk of a bank or a company that owns a bank, they have to tell the Federal Reserve first. People can check out these plans and share their thoughts by May 27, 2026. This keeps bank ownership clear and fair, making sure no surprises pop up with money or control changes.
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