Fed Reserve Eyes Massey Family's Bank Share Grab
Published Date: 4/23/2026
Notice
Summary
If you want to buy shares in a bank or a bank holding company, you need to tell the Federal Reserve first. They’re checking new applications from folks like the Massey family to make sure everything’s fair and safe. If you want to share your thoughts, you’ve got until May 8, 2026, to speak up!
Analyzed Economic Effects
4 provisions identified: 3 benefits, 1 costs, 0 mixed.
Public Comment Deadline: May 8, 2026
If you want to express an opinion about a proposed bank or bank-holding-company share acquisition, you may submit written comments to the Federal Reserve. Comments must be received at the indicated Reserve Bank or the Board of Governors (Benjamin W. McDonough, Secretary) not later than May 8, 2026.
Comment Disclosure Warning
If you send a comment about a bank-control application, the Federal Reserve will make the comment public without change, including personal or business contact and identifying information. Do not include confidential information in your submission.
Massey Group Seeks Control of Durant Bank
The Gregory L. Massey 2026 Irrevocable Trust (Gregory L. Massey, trustee) proposes to join the Massey Family Group to acquire voting shares of Spend Life Wisely Company, Inc., and thereby indirectly acquire voting shares of First United Bank and Trust Company in Durant, Oklahoma. Interested persons may inspect the public portions of the application.
Access to Application Records and FOIA
Public portions of these change-in-control applications are available for inspection at the listed Federal Reserve Bank(s) and at the Board of Governors, and may be requested via the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
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Key Dates
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