Federal Reserve Reviews Notices for Bank Share Control Changes
Published Date: 3/20/2026
Notice
Summary
If you want to buy or control shares in a bank or bank holding company, you need to tell the Federal Reserve and wait for their okay. People affected include anyone trying to take over or keep control of bank shares. You’ve got until April 6, 2026, to send your comments, so don’t miss the deadline if you want your voice heard!
Analyzed Economic Effects
4 provisions identified: 1 benefits, 2 costs, 1 mixed.
Must Notify Fed Before Controlling Bank Shares
If you want to acquire or retain control of shares in a bank or a bank holding company, you must apply under the Change in Bank Control Act and Sec. 225.41 of Regulation Y and wait for the Federal Reserve to act. The Board considers the factors listed in paragraph 7 of the Act when deciding on these applications.
Public Comments Due April 6, 2026
If you want to comment on any listed change-in-control application, your written comments must be received by the Reserve Bank or the Board of Governors not later than April 6, 2026. Comments received are subject to public disclosure and generally will be made available without change, so do not include confidential information you do not want released publicly.
Public Access to Application Materials
The public portions of the change-in-control applications are available for immediate inspection at the Federal Reserve Bank(s) listed in the notice and at the Board of Governors' offices. You can also request information via the Board's Freedom of Information Office (https://www.federalreserve.gov/foia/request.htm) or contact the indicated Reserve Bank for expedited access.
Clark Family Seeks to Retain Bank Control
The notice lists that the Clark Family Control Group (including Vicki Clark, Ann Carda, Thomas Clark, and Lonnie Clark) has applied to retain voting shares of Chandler Bancshares, Inc., Chandler, Minnesota, thereby indirectly retaining voting shares of State Bank of Chandler. Interested persons may submit comments about this specific application by April 6, 2026 to the Federal Reserve Bank of Minneapolis or the Board of Governors.
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Key Dates
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