Sexton Family Needs Fed OK to Keep Controlling Their Banks
Published Date: 9/24/2026
Notice
Summary
If you want to buy or control shares in a bank or bank holding company, you need to tell the Federal Reserve first. They’re checking applications from folks like the Sexton family who want to keep control of their banks. You’ve got until October 9, 2026, to share your thoughts, so don’t miss the deadline!
Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
Must notify Fed for bank-control deals
If you want to acquire or retain control of voting shares of a bank or a bank holding company, you must apply under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Section 225.41 of Regulation Y (12 CFR 225.41) to the Federal Reserve. The Federal Reserve reviews those applications under the factors listed in paragraph 7 of the Act.
Public access to filings at Reserve Bank and Board
The public portions of bank-control applications are available for inspection at the Federal Reserve Bank listed (Federal Reserve Bank of Chicago for the listed application) and at the Board of Governors. You can also request expedited access by contacting the indicated Federal Reserve Bank or the Board's Freedom of Information Office.
Public comment rules and October 9, 2026 deadline
Interested persons may submit written comments on these bank-control applications to the indicated Reserve Bank or the Board of Governors; comments must be received by October 9, 2026. Comments are generally made publicly available without changes and may include personal or business identifying information, so you should not include confidential information in your submission.
Sexton family seeks to retain bank voting shares
The Mark J. Sexton 2026 Grantor Trust, Jennifer Sexton Walther 2026 Grantor Trust, and the Andrew G. Sexton 2026 Grantor Trust intend to join the Sexton Family Control Group to retain voting shares of Readlyn Bancshares, Inc., and thereby indirectly retain voting shares of Nashua Bancshares, Inc.
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Key Dates
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