Federal Reserve Reviews Bank Control Change Applications
Published Date: 8/6/2025
Notice
Summary
If you want to buy a big chunk of a bank or a company that owns banks, you have to tell the Federal Reserve first. They’re checking to make sure everything’s fair and safe before you can take control. If you’re interested, you’ve got until August 21, 2025, to share your thoughts or concerns—so don’t wait!
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
Bank-share acquisitions must be filed with Fed
If you plan to acquire shares of a bank or a bank holding company, the purchasers file applications under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Sec. 225.41 of Regulation Y (12 CFR 225.41). The notice in this publication lists parties that have applied under those authorities.
Public can inspect application materials
The public portions of these bank-control applications are available for immediate inspection at the Federal Reserve Bank(s) listed and at the Board of Governors' offices. You can also request expedited access or obtain the information from the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Public comment deadline and disclosure rules
Interested persons may submit written comments on these applications, but comments must be received by the indicated Federal Reserve Bank or the Board of Governors (Ann E. Misback, Secretary) not later than August 21, 2025. Comments are subject to public disclosure and generally will be made available without change, so do not include confidential or identifying information in your submission.
Specific application: McDonald family retaining bank control
The notice names the McDonald Family Control Group as applicants seeking to retain voting shares of Pontotoc Bancshares Corp. and thereby indirectly retain voting shares of First Choice Bank, both of Pontotoc, Mississippi. Local interested persons may inspect the public portions and submit comments by August 21, 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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2026-09806 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
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2026-09529 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If you want to buy or control a bank or bank holding company, you need to tell the Federal Reserve and wait for approval. People affected include those trying to buy shares in banks like Grant County Bank or Cattlemens Bank. You’ve got until May 28, 2026, to send your comments, so don’t miss the deadline if you want to have your say!
2026-09389 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If someone wants to buy a big chunk of a bank or a company that owns a bank, they have to tell the Federal Reserve first. People can check out these plans and share their thoughts by May 27, 2026. This keeps bank ownership clear and fair, making sure no surprises pop up with money or control changes.
Previous / Next Documents
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Bank companies want to merge, buy, or form new bank holding companies, and the Federal Reserve is reviewing their applications. If you’re interested, you can share your thoughts by September 5, 2025. These changes could affect how banks operate and who controls them, so it’s a big deal for communities and businesses.
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