Fed Seeks Input on Upcoming Bank Ownership Shifts by October
Published Date: 9/23/2026
Notice
Summary
If you want to buy a big chunk of a bank or a company that owns a bank, you have to tell the Federal Reserve first. They check to make sure everything’s fair and safe. People have until October 8, 2026, to share their thoughts about these bank buyouts, so don’t miss your chance to speak up!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Saltzman family proposed acquisition of Pioneer Bank
Several Saltzman trusts and related parties have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41) to join a Saltzman Family Control Group to acquire voting shares of Pioneer Development Company and thereby indirectly acquire voting shares of Pioneer Bank in Sergeant Bluff, Iowa. This application is listed with the Federal Reserve Bank of Chicago and is open for public comment through October 8, 2026.
Public access to bank-control filings
The public portions of applications to acquire voting shares of a bank or bank holding company are available for immediate inspection at the Federal Reserve Bank(s) listed in the notice and at the Board of Governors. You can also request the information via the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Public comment rules and deadline
Interested persons may submit written comments on the standards in paragraph 7 of the Change in Bank Control Act (12 U.S.C. 1817(j)); comments will be made publicly available without change. Comments must be received by the Reserve Bank listed or the Board of Governors (Benjamin W. McDonough, Secretary) not later than October 8, 2026, and you should not include confidential information in your submission.
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Key Dates
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