Fed Scrutinizes Bank Share Buys for Stability and Fairness
Published Date: 6/18/2025
Notice
Summary
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 checking applications like Blake Trenbeath’s to make sure everything’s fair and safe. If you want to share your thoughts, you’ve got until July 3, 2025, to speak up—so don’t miss the deadline!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Notify Fed Before Buying Bank Shares
If you want to acquire or control shares of a bank or a bank holding company, you must apply under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Board Regulation Y Sec. 225.41 (12 CFR 225.41). The Board considers the factors listed in paragraph 7 of the Act when it acts on these applications.
Public Can Inspect Files and Comment
The public portions of these applications are available for inspection at the Federal Reserve Bank of Minneapolis and at the Board of Governors, and records can be requested through the Board’s FOIA process. Comments must be received at the Reserve Bank or the Board offices by July 3, 2025, and comments are subject to public disclosure so they should not include confidential information; comments can also be sent electronically to [email protected]. For example, one current application is from Blake Trenbeath to join the Mayo Family Control Group to retain voting shares of First Holding Company of Cavalier, Inc., and thereby indirectly retain voting shares of United Valley Bank in Cavalier, North Dakota.
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Key Dates
Related Federal Register Documents
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2026-11522 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
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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.
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