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.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Related Federal Register Documents
2026-08298, Regulatory Capital Rule: Community Bank Leverage Ratio Framework
Starting July 1, 2026, community banks get a break! The minimum leverage ratio drops from 9% to 8%, making it easier for smaller banks to meet rules. Plus, banks can now stay in this easier framework longer—up to four straight quarters instead of two—helping them manage their money better without rushing.
2026-05960, Regulatory Capital Rules: Regulatory Capital and Standardized Approach for Risk-Weighted Assets
Big banks and community banks are getting new rules to better measure the risks in their loans and investments. The changes update how banks count certain assets and income when figuring out their safety net money, called regulatory capital. These updates aim to make banks safer and smarter with their money, with some rules kicking in soon and affecting how much capital banks need to hold.
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.
2025-21625, Regulatory Capital Rule: Revisions to the Community Bank Leverage Ratio Framework
The government wants to make it easier for small banks to stay in a special low-risk capital program by lowering the required leverage ratio from 9% to 8%. They’re also giving banks more time—up to four quarters instead of two—to fix any issues without losing their spot. Banks and bank holding companies should weigh in by January 30, 2026, as these changes could save them money and reduce red tape.
2026-20668, Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If you want to buy shares in a bank or bank holding company, you need to tell the Federal Reserve first. They check to make sure everything’s fair and safe before you can take control. If you’re interested, you have until October 23, 2026, to share your thoughts or concerns about these deals.
2026-20509, Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks: Bank Holding Companies
The Federal Reserve is updating rules about loans to bank insiders like executives and big shareholders to make things clearer and fairer. They’re giving everyone more time—until November 4, 2026—to share their thoughts on these changes. This affects banks and their top people, aiming to boost transparency and keep things running smoothly.
Previous / Next Documents
Previous: 2025-12382, Center for Scientific Review; Notice of Closed Meetings
The Center for Scientific Review is holding several closed virtual meetings in early August 2025 to review important grant applications related to brain research, immunology, and neurodevelopment. These meetings protect private info and trade secrets while deciding which projects get funding. Scientists applying for grants and the research community should watch these dates closely as they impact future research funding.
Next: 2025-12385, Hunting and Wildlife Conservation Council Meeting
The Hunting and Wildlife Conservation Council is holding a virtual meeting to talk about hunting rules and wildlife protection. Hunters, conservationists, and outdoor lovers should tune in to learn about upcoming changes and how they might affect hunting seasons and wildlife habitats. The meeting is free to join and helps shape smart, balanced wildlife policies.