Who’s buying bank shares? Fed checks, you comment quick
Published Date: 10/1/2026
Notice
Summary
Some folks want to take control of savings and loan companies by buying shares, and the Federal Reserve is checking it out. If you want to share your thoughts, you’ve got until October 16, 2026, to speak up. This affects people who own or want to own parts of banks, and it’s all about keeping things fair and safe with money.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Public comment window closes October 16, 2026
You can submit written comments about proposed acquisitions of shares in a savings and loan holding company, but those comments must be received by the Federal Reserve Bank or the Board of Governors not later than October 16, 2026.
Comments will be made public
Comments submitted about these applications are subject to public disclosure and generally will be made available without changes, so you should not include confidential or identifying business information in your submission.
Named applicants seek indirect control of Midfirst Bank
The notice identifies Marissa B. Records and Raymond Kido as applicants seeking to indirectly acquire voting shares of Midland Financial Co. and Midfirst Bank (all of Oklahoma City, Oklahoma); the public portions of those applications are available for inspection at the Federal Reserve Bank of Kansas City and the Board of Governors and can be requested via the Board's FOIA process.
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Key Dates
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The SEC is asking for comments on extending a rule that helps funds with multiple share classes keep things fair and clear. Funds must have a written plan approved by their directors explaining how costs and services differ between share classes. This keeps investors protected and helps the SEC check compliance, with no new costs or big changes expected right now.
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Some companies want to become bank holding companies or buy banks, and the Federal Reserve is checking their applications. If you want to share your thoughts, you have until November 2, 2026, to send comments. This affects banks and their owners, and it’s all about making sure these changes follow the rules and keep things safe.