Federal Reserve Reviews Bank Control Change Notices from Families and Trusts
Published Date: 11/18/2025
Notice
Summary
Families and groups wanting to buy big chunks of banks or bank companies have to tell the Federal Reserve first. The Fed checks these plans carefully and lets the public see the details and share their thoughts by December 3, 2025. This keeps bank ownership clear and fair, making sure no surprises pop up with money or control.
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
Must Notify Fed Before Buying Bank Control
If you or a group want to buy controlling shares of a bank or a bank holding company, you must apply under the Change in Bank Control Act and 12 CFR 225.41 to the Federal Reserve. The Board considers the factors in paragraph 7 of the Act when reviewing these applications.
Public Access to Application Files
The public portions of bank change-in-control applications are available for inspection at the indicated Federal Reserve Bank(s) and at the Board of Governors' offices. You can also request expedited copies via the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Public Comments Due and Made Public
Anyone may submit written comments on these bank control applications, and comments must be received by December 3, 2025. Comments received are subject to public disclosure and generally will be made available without change, so you should not include confidential information in your comment.
Specific Kansas Family Group Applied
A group of named family trusts and individuals (various Mann trusts and others) applied to join the Floyd Family Group to acquire voting shares of Legacy Financial, Inc., Johnson, Kansas, and thereby indirectly acquire voting shares of Dream First Bank, National Association, Syracuse, Kansas. The application is available for inspection at the Federal Reserve Bank of Kansas City.
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: 2025-20193, Taking and Importing Marine Mammals; Taking Marine Mammals Incidental to Geophysical Surveys Related to Oil and Gas Activities in the Gulf of America (Formerly Gulf of Mexico)
NOAA just updated Chevron’s permission to accidentally disturb marine mammals during their oil and gas surveys in the Gulf of America. This new approval runs from October 15, 2025, to April 19, 2026, making sure marine life stays safe while energy work continues. The changes keep things balanced—supporting industry progress without harming ocean animals.
Next: 2025-20196, 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 December 18, 2025. This affects banks, their owners, and the public, with no direct costs but important changes in who controls banks.