Fed Reviews Bank Share Buyouts, Comments Welcome
Published Date: 9/25/2026
Notice
Summary
If you're planning to buy or control shares in a bank or bank holding company, the Federal Reserve wants to know! They’re reviewing applications and inviting the public to share their thoughts by October 13, 2026. This process helps keep banks safe and sound while making sure big money moves get a thumbs-up from the regulators.
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
You can comment on bank control deals
If you want to weigh in on proposed purchases or control of bank shares, you can submit written comments to the Federal Reserve Bank listed or to the Board of Governors. Comments must be received not later than October 13, 2026 and may be sent to the Reserve Bank indicated or to Benjamin W. McDonough, Secretary of the Board, Washington, DC 20551-0001.
Comments will be publicly disclosed
Comments you send will be made available to the public without change and will not be modified to remove personal or business information, including confidential or contact information. The notice advises you not to include information that would be inappropriate for public disclosure.
Application files available for inspection
The public portions of the change-in-control applications are available for immediate inspection at the Federal Reserve Bank(s) indicated and at the Board of Governors' offices. You can also request the information on an expedited basis from the indicated Federal Reserve Bank or via the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Specific pending change-in-control notice listed
The notice lists a pending application by Rachel Elizabeth Bonsall, New York City, New York, to join the Raleigh Family Control Group to retain voting shares of Lake Elmo Bancshares, Inc., and thereby indirectly retain voting shares of Lake Elmo Bank in Lake Elmo, Minnesota. Interested persons may submit comments on this application by October 13, 2026.
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Key Dates
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