Fed Reviews Mundane Bank Share Purchases
Published Date: 4/28/2026
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 fair and safe. If you’re interested, you can see the details or share your thoughts by May 13, 2026. This process helps keep banks steady and protects everyone’s money.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Federal Reserve reviews bank-control deals
The Federal Reserve is reviewing applications under the Change in Bank Control Act and Regulation Y to approve acquisitions of bank or bank holding company shares. The notice says this review process helps keep banks steady and protects everyone’s money.
Public can inspect filings and comment
The public portions of the change-in-control applications are available for immediate inspection at the listed Federal Reserve Bank(s) and at the Board of Governors, and can also be requested via the Board's FOIA process. Interested persons may submit written comments on the applications, and comments must be received by the Reserve Bank indicated or the Board by May 13, 2026; comments are subject to public disclosure.
Schultz group seeks control of Luana bank
The Blake Schultz Irrevocable GST Trust, related trusts, and individuals seek to join the Schultz Family Control Group to acquire voting shares of Luana Bancorporation and thereby indirectly acquire voting shares of Luana Savings Bank, both of Luana, Iowa. Comments on this specific application must be received at the Federal Reserve Bank of Chicago or the Board of Governors by May 13, 2026.
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Key Dates
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