Bank Stake Grab? Fed Demands Pre-Approval Notice Now
Published Date: 9/18/2026
Notice
Summary
If you want to buy shares in a bank or bank holding company, you need to tell the Federal Reserve first. They check to make sure everything’s fair and safe before you can take control. If you’re interested, you have until October 5, 2026, to share your thoughts—so don’t wait!
Analyzed Economic Effects
4 provisions identified: 1 benefits, 2 costs, 1 mixed.
Must File Under Change in Bank Control
If you plan to acquire voting shares of a bank or bank holding company, you (the notificant) must apply under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Sec. 225.41 of Regulation Y (12 CFR 225.41). The Board considers the factors in paragraph 7 of the Act when acting on such applications.
Public Access to Application Records
The public portions of change-in-control applications are available for immediate inspection at the indicated Federal Reserve Bank(s) and at the Board of Governors; the Board's FOIA office can also provide information. You can request expedited access by contacting the appropriate Reserve Bank or the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Public Comments Are Disclosed
If you submit written comments about a change-in-control application, those comments are subject to public disclosure and generally will be made available without change, including contact or other identifying information. Do not include confidential information in comments; comments must be received by October 5, 2026.
Specific Application: Carleton Bank Control Change
Van Cleef Family Revocable Trust, Michael Van Cleef, and Nancy Van Cleef (co-trustees) applied to join the Van Cleef Family Control Group and acquire voting shares of Carleton Agency, Inc., and thereby indirectly acquire voting shares of Citizens State Bank, both of Carleton, Nebraska. Comments on this application must be received by October 5, 2026 at the Federal Reserve Bank of Kansas City or the Board of Governors.
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Key Dates
Related Federal Register Documents
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2026-18763, Formations of, Acquisitions by, and Mergers of Bank Holding Companies
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