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
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.
2026-15774, Regulatory Modernization and Relief for Mutual Holding Companies
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2026-15777, Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks; Bank Holding Companies
The Board is inviting public comment on proposed amendments to Regulation O, which governs loans by member banks to their insiders and insiders of their affiliates. The proposed amendments would update and modernize the regulation, increase transparency by clarifying requirements and incorporating existing interpretations, and promote efficiency by reducing regulatory burden. The proposed amendments also would incorporate existing statutory requirements that are not currently reflected in the regulation. Moreover, the proposed amendments would update several outdated dollar-based thresholds in Regulation O and index these thresholds going forward. In addition, the proposed amendments would address the application of Regulation O to member banks that lend to companies that are presumed to be controlled by large asset management companies through passive investment funds. Finally, the proposed amendments would revise and reorganize the regulation to streamline the text and make it more accessible.
2026-14373, Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Some companies want to become bank holding companies or buy banks, and the Federal Reserve is checking their applications. If you have thoughts, you can send comments by August 17, 2026. This affects banks and their owners, and the process helps keep banking safe and fair.
2026-14064, Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Some companies want to become bank holding companies or buy banks, and the Federal Reserve is reviewing their applications. If you have thoughts, you can send comments by August 12, 2026. This affects banks, their owners, and the public, with no direct costs but important changes in who controls banks.
2026-14060, Inflation Adjustments for Civil Money Penalties
The Federal Reserve announced that civil money penalties won’t go up in 2026 because inflation data wasn’t available due to a government shutdown. This means businesses and individuals facing these penalties will see the same amounts as in 2025. The freeze keeps things steady until new inflation numbers come in next year.
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