Fed Reviews Bank Holding Company Mergers and Acquisitions
Published Date: 11/18/2025
Notice
Summary
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.
Analyzed Economic Effects
4 provisions identified: 0 benefits, 0 costs, 4 mixed.
SB Financial seeks bank holding status
SB Financial, Inc. applied to the Federal Reserve to become a bank holding company by acquiring Southern Bank of Tennessee in Mount Juliet, Tennessee. Interested persons may submit written comments to the Federal Reserve Bank of Atlanta or the Board of Governors; comments must be received by December 18, 2025.
ESOP plans 25.85% stake in Horicon Bank
The Horicon Bank Profit Sharing and Employee Stock Ownership Plan filed to acquire 25.85 percent of the voting shares of Sword Financial Corporation and thereby indirectly acquire voting shares of Horicon Bank in Horicon, Wisconsin. The Federal Reserve is accepting written comments on this application until December 18, 2025.
Bradford Bancorp to acquire State Bank
Bradford Bancorp, Inc. applied to acquire State Bank of St. Jacob in St. Jacob, Illinois. Members of the public may file written comments with the Federal Reserve Bank of St. Louis or the Board of Governors; comments must be received by December 18, 2025.
Baldwin Bancshares seeks holding company status
Baldwin Bancshares, Inc. filed to become a bank holding company by acquiring The Baldwin State Bank in Baldwin City, Kansas. The Federal Reserve will accept comments on this application until December 18, 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
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.
Previous / Next Documents
Previous: 2025-20195, Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
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.
Next: 2025-20198, Termination of Department of Defense Federal Advisory Committee-Defense Advisory Committee on Women in the Services
The Department of Defense is officially ending the Defense Advisory Committee on Women in the Services (DACOWITS) as of September 17, 2025, since it has completed its mission. This change affects the committee members and anyone following its work, with no new costs or ongoing activities expected. The DoD is wrapping up this chapter and moving forward confidently.