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
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