The Fed Reviews Who Gets to Buy Shares in Banks
Published Date: 11/6/2026
Notice
Summary
If you're planning to buy shares in a bank or a bank holding company, you need to let the Federal Reserve know. They review these changes to keep banks safe and sound. Comments on these deals must be sent by November 23, 2026, so don’t miss your chance to speak up!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Notification Requirement for Bank Share Purchases
If you plan to acquire shares of a bank or a bank holding company, you (the purchaser) must apply under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41). The public portions of such applications are available for inspection at the indicated Federal Reserve Bank and at the Board of Governors, and comments on those applications must be received by November 23, 2026.
Public Comment and Disclosure Rules
Comments on these change-in-control applications are public and, in general, will be made available without change (including personal or business contact information). Commenters are instructed not to include confidential information, and comments must be received by November 23, 2026.
Two Specific Bank Control Applications Listed
Two specific applications are announced: (1) Richard Albers and Starlee Johnson to join the Rossiter/Schrempp Family Control Group to acquire Cedar Bancorp and thereby Bank of Hartington (inspection at Federal Reserve Bank of Kansas City); and (2) Elizabeth Ricks and James Long, as co-trustees of an ESOP, to acquire First Commercial Financial Corporation and thereby First Commercial Bank, N.A. (inspection at Federal Reserve Bank of Dallas). Comments on these applications must be received by November 23, 2026.
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Key Dates
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