Fed Eyes Nonbank Business Takeovers for Approval
Published Date: 9/25/2026
Notice
Summary
Some companies want to start or buy businesses that do activities related to banking but aren’t banks themselves. The Federal Reserve is checking these plans and asking the public to share their thoughts by October 13, 2026. This affects companies across the U.S. and helps keep banking activities safe and fair.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Middlefork Seeks Community Development Powers
Middlefork Financial Group (Hyden, Kentucky) has filed a notice under section 4 of the Bank Holding Company Act and Regulation Y to engage in community development activities pursuant to 12 CFR 225.28(b)(12). Unless otherwise noted, the filing says these activities would be conducted throughout the United States. The public may submit comments on the proposal, which must be received not later than October 13, 2026.
JGS Jr. Family Holding Wants to Lend and Service Loans
JGS Jr. Family Holding Corporation (Salt Lake City, Utah) has given notice under section 4 of the Bank Holding Company Act and Regulation Y to engage in extending credit and servicing loans pursuant to 12 CFR 225.28(b)(1). The filing indicates these activities would be conducted throughout the United States unless otherwise noted. Public comments on the proposal must be received no later than October 13, 2026.
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Key Dates
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