Federal Reserve Reviews Proposed Bank Control Acquisitions
Published Date: 3/10/2026
Notice
Summary
Some folks want to buy shares and take control of certain banks or bank companies, and the Federal Reserve is checking their applications carefully. If you want to share your thoughts about these changes, you’ve got until March 25, 2026, to speak up. This process helps keep bank ownership clear and fair, making sure big money moves get the green light properly.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Public comment on bank takeover
You can send written comments about the proposed change in control of Chesapeake Financial Shares, Inc. Comments must be received by March 25, 2026, at the Federal Reserve Bank of Richmond (P.O. Box 27622, Richmond, Virginia 23261) or at the Board of Governors (Benjamin W. McDonough, Deputy Secretary, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001). The public portions of the applications are available for inspection at the Richmond Reserve Bank and the Board, and may be requested via the Board's FOIA page: https://www.federalreserve.gov/foia/request.htm.
Comments will be publicly disclosed
If you submit a comment about the application, your comment will generally be made available to the public without change and may include personal or business contact or identifying information. Do not include confidential information in your comment. Comments and public application materials can be inspected at the Federal Reserve Bank indicated and at the Board of Governors, and records may be requested via https://www.federalreserve.gov/foia/request.htm.
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Key Dates
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