Bank Control Change Announced: Regulators Offer No Juicy Details Whatsoever
Published Date: 12/8/2025
Notice
Summary
Some folks want to buy shares in banks or bank companies, and the Federal Reserve is checking their applications to make sure everything’s on the up and up. If you want to share your thoughts, you’ve got until December 23, 2025, to speak up. This process helps keep banks safe and sound while letting new owners step in smoothly.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
You can comment by Dec 23, 2025
If you want to speak about these proposed bank-control transactions, you may submit written comments to the Federal Reserve Bank indicated or to the Board of Governors; comments must be received not later than December 23, 2025.
Your comments will be publicly disclosed
Comments submitted about these applications will be made publicly available without change and may include personal or business identifying information, so do not include confidential information in your submission.
Sogard family seeks to retain bank voting shares
The Sogard Family Shareholder Group has applied under the Change in Bank Control Act to retain voting shares of American State Bank Holding Company and thereby indirectly retain voting shares of American State Bank & Trust Company of Williston, North Dakota; the public portions of the application are available for inspection at the Federal Reserve Bank of Minneapolis and at the Board of Governors, and comments are due December 23, 2025.
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Key Dates
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