Fed Reviews Bank Control Changes for Safety
Published Date: 7/2/2025
Notice
Summary
Some folks want to buy big chunks of banks or bank companies, and the Federal Reserve is checking their plans to keep things safe and fair. If you want to share your thoughts, you’ve got until July 17, 2025, to speak up! This process helps make sure money moves smoothly and no one sneaks in without a proper look.
Analyzed Economic Effects
6 provisions identified: 2 benefits, 1 costs, 3 mixed.
Public Comment Deadline July 17, 2025
You can submit written comments about the proposed bank-control transactions to the indicated Federal Reserve Bank or to the Board of Governors (Ann E. Misback, Secretary) by July 17, 2025. The notice identifies specific Reserve Banks (Minneapolis and Dallas) and provides electronic comment addresses for each application.
Public Access to Application Files
The public portions of the applications can be inspected at the Federal Reserve Banks listed in the notice and at the Board of Governors' offices. The notice also says you may obtain this information on an expedited basis by contacting the appropriate Reserve Bank or the Board's Freedom of Information Office (with a FOIA request link provided).
Comments Will Be Publicly Disclosed
Comments submitted on these applications will be subject to public disclosure and generally will be made available without change, including any personal or business contact information. The notice warns commenters not to include confidential information that would be inappropriate for public disclosure.
Proposed Acquisition: Grant County State Bank
Michael Schmid (Carson, North Dakota) applied to join the Schmid Family Control Group to acquire voting shares of Grant County Bancorporation, Inc., and thereby indirectly acquire voting shares of Grant County State Bank in Carson, North Dakota. Interested persons may comment on this application by July 17, 2025.
Retention: City Bank / South Plains Financial
Henry TAW LP, TAW Management LLC, Racham Investment Group LLC, Robbie S. Campbell, and Richard D. Campbell (all of Midland, Texas), acting as the Campbell Control Group, filed to retain voting shares of South Plains Financial, Inc., and thereby indirectly retain voting shares of City Bank in Lubbock, Texas. Comments on this retention must be received by July 17, 2025.
Proposed Addition: Henry Shares LLC to Join Control Group
Henry Shares LLC (Midland, Texas) filed to join the Campbell Control Group to acquire voting shares of South Plains Financial, Inc., and thereby indirectly acquire voting shares of City Bank in Lubbock, Texas. The notice provides the opportunity to comment on this proposed acquisition through July 17, 2025.
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Key Dates
Related Federal Register Documents
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2026-09891 — Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
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2026-09389 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
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