Federal Reserve Reviews Applications to Form or Buy Banks
Published Date: 10/22/2026
Notice
Summary
Some companies want to become bank holding companies or buy banks, and they’ve asked the Federal Reserve for approval. If you want to share your thoughts, you have until November 23, 2026, to send comments. This process affects banks, their owners, and the public by keeping bank ownership clear and regulated.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Public comment window with disclosure
You can send written comments about these bank holding company applications, and comments must be received by November 23, 2026. Comments are subject to public disclosure and generally will be made available without change, so do not include confidential or identifying information you do not want published.
Public access to application materials
The public portions of the applications are available for inspection at the Federal Reserve Bank listed and at the Board of Governors, and may be requested via the Board's Freedom of Information Office (https://www.federalreserve.gov/foia/request.htm). You can request expedited access by contacting the appropriate Federal Reserve Bank.
Specific filing: Bonanza Valley acquisition
Bonanza Valley Acquisitions, Inc., Brooten, Minnesota, has applied to become a bank holding company by acquiring Bonanza Valley State Bank, Brooten, Minnesota; that application is listed for public inspection and comment under the Federal Reserve review process.
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Key Dates
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