Fed Eyes Bank Mergers: Speak Up by June or Shush
Published Date: 5/29/2025
Notice
Summary
Bank companies want to join forces, buy, or merge with other banks, and they’ve asked the Federal Reserve for approval. If you’re interested, you can check out their applications and share your thoughts by June 30, 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, 1 costs, 1 mixed.
Public comment window for bank deals
You can inspect the public parts of bank holding company applications at the Federal Reserve Bank of Minneapolis or at the Board of Governors and you can submit written comments about them. Comments must be received by June 30, 2025, and you can request documents or expedited access through the Board's FOIA page at https://www.federalreserve.gov/foia/request.htm.
Proposed local bank acquisition listed
PSB Financial Shares, Inc., Prinsburg, Minnesota, has applied to acquire First Community Bank, Lester Prairie, Minnesota. If you bank at First Community Bank or live in that community, this application could change who controls the bank; comments on this application must be received by June 30, 2025 at the Federal Reserve Bank of Minneapolis or the Board of Governors.
Comments will be made public
If you send written comments about these applications, the Board will generally make those comments available to the public without change. Do not include confidential, contact, or other identifying business or personal 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
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.
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