Fed Seeks Comments on Bank Ownership Takeover Notices
Published Date: 10/5/2026
Notice
Summary
If you want to buy a big chunk of a bank or a bank holding company, you need to tell the Federal Reserve first. They check to make sure everything’s fair and safe before you can take control. People have until October 20, 2026, to share their thoughts on these deals, so don’t miss your chance to speak up!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 1 costs, 2 mixed.
Must notify Fed before buying bank control
If you want to acquire control of a bank or a bank holding company, you (the purchaser) must apply to the Federal Reserve under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41). The Board considers the factors set forth in paragraph 7 of the Act when acting on such applications.
Public comment period and disclosure rules
Members of the public may submit written comments on these bank-control applications; comments must be received by October 20, 2026. Comments received are subject to public disclosure and "will be made available without change" (do not include confidential information); comments can be inspected at the indicated Federal Reserve Bank(s) or the Board of Governors (Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001).
Specific acquisition notice: Shnaider Family Trust
The Shnaider Family Trust, with Charles R. White as trustee (both of Birmingham, Alabama), has applied to acquire voting shares of Florida Bancshares, Inc., and thereby indirectly acquire voting shares of First National Bank of Pasco (both of Dade City, Florida). This application is listed for public inspection and comment under the Change in Bank Control Act.
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Key Dates
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