Fed Reviews Bank Share Buys, Invites Public Comments by October 28
Published Date: 10/13/2026
Notice
Summary
If you want to buy shares in a bank or 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. If you’re interested, you have until October 28, 2026, to share your thoughts about these deals—so don’t wait!
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
Public comment deadline for bank-control filings
The Federal Reserve is accepting written comments on proposed acquisitions of bank or bank holding company shares. Comments must be received at the indicated Reserve Bank or the Board of Governors by October 28, 2026, and should address the standards in paragraph 7 of the Change in Bank Control Act (12 U.S.C. 1817(j)(7)).
Public access to application filings
Public portions of applications to acquire bank shares are available for immediate inspection at the Federal Reserve Bank(s) listed and at the Board of Governors. The filings may also be requested from the appropriate Federal Reserve Bank and via the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Comments will be publicly disclosed
Comments submitted on these applications are subject to public disclosure and generally will be made available without change. You should not include confidential, contact, or other identifying information in comments because such information will typically be publicly released.
Specific acquisition filed: Gullace Trust and Greater Rochester Bancorp
Gullace Generation Family Trust, Christopher Matthew Gullace as trustee, both of Delray Beach, Florida, has applied to acquire voting shares of Greater Rochester Bancorp Inc., and thereby indirectly acquire voting shares of Genesee Regional Bank, both of Rochester, New York. The application is on file with the Federal Reserve Bank of New York (33 Liberty Street, New York, NY) and comments on this application must be received by October 28, 2026.
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Key Dates
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