Federal Reserve Seeks Comments on Bank Control Changes
Published Date: 6/9/2026
Notice
Summary
If you or your family want to buy or control shares in a bank or bank holding company, you need to tell the Federal Reserve and wait for approval. The Federal Reserve reviews these requests carefully and invites the public to share their thoughts by June 24, 2026. This keeps bank ownership clear and fair, making sure big money moves get the green light before they happen.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
You must notify the Fed before buying bank control
If you or your family seek to acquire or control shares of a bank or bank holding company, you must file a notice under the Change in Bank Control Act (12 U.S.C. 1817(j)) and 12 CFR 225.41 with the Federal Reserve and await the Board's action before completing the acquisition.
Public can inspect and comment on bank-control filings
The public portions of bank-control applications are available for immediate inspection at the listed Federal Reserve Bank(s) and at the Board of Governors, and interested persons may submit written comments. Comments will be publicly disclosed (so do not include confidential information) and must be received by June 24, 2026.
Specific application: Drewes Family seeks to retain bank votes
A group named the Drewes Family Control Group filed to retain voting shares of The Corn City State Bank in Deshler, Ohio; members of the public may inspect the filing at the Federal Reserve Bank of Cleveland and must submit comments by June 24, 2026.
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Key Dates
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