Fed Eyes Bank Mergers in Georgia, Tennessee, and Oklahoma
Published Date: 8/28/2025
Notice
Summary
Bank companies want to join forces by forming new groups, buying others, or merging. If you own or run a bank, this affects you because these changes need approval and public comments by September 29, 2025. These moves could shake up who controls banks and how money flows in your community.
Analyzed Economic Effects
5 provisions identified: 2 benefits, 1 costs, 2 mixed.
Public comment deadline: Sep 29, 2025
The Federal Reserve is accepting public comments on the listed bank holding company applications and related filings. Comments must be received at the designated Federal Reserve Bank or the Board of Governors by September 29, 2025.
Application records open for inspection
The public portions of the applications and related filings are available for inspection at the Federal Reserve Banks listed and at the Board of Governors, and may also be requested through the Board's Freedom of Information Office at the provided URL.
Steel Newco's proposed acquisitions (GA, TN)
Steel Newco Inc., of Peachtree Corners, Georgia, filed to acquire Synovus Financial Corp. (Columbus, Georgia) and Pinnacle Financial Partners, Inc. (Nashville, Tennessee). These proposed acquisitions are before the Federal Reserve and are open to public comment by September 29, 2025.
HPB Holdings' proposed acquisition (OK)
HPB Holdings, Inc., of Okeene, Oklahoma, filed to acquire Community Bank, Alva, Oklahoma. That application is on file with the Federal Reserve and open for public comment until September 29, 2025.
Comments will be publicly disclosed
Comments submitted on these applications are subject to public disclosure and generally will be made available without change. The notice advises not to include confidential or identifying information in comments.
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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
The Board invites comment on a notice of proposed rulemaking (proposal) to modernize the regulatory framework applicable to mutual holding companies (MHCs), primarily through proposed revisions to Regulation MM (12 CFR part 239), which governs the formation, operations, activities, and conversion of savings and loan holding companies in mutual form. The proposal would amend Regulation MM by, among other things, eliminating certain dividend waiver requirements, reducing burden associated with conversions from mutual-to-stock form, revising certain post-conversion restrictions, eliminating the requirement that subsidiary holding companies of MHCs obtain federal charters, and revising and clarifying other provisions of the regulation. The proposal also would amend the capital rule (12 CFR part 217) to clarify that certain mutual capital instruments may qualify as regulatory capital and to codify model term sheets for mutual capital certificates as appendices to the regulation.
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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