Fed Reviews Bank Control Changes for Safety
Published Date: 7/2/2025
Notice
Summary
Some folks want to buy big chunks of banks or bank companies, and the Federal Reserve is checking their plans to keep things safe and fair. If you want to share your thoughts, you’ve got until July 17, 2025, to speak up! This process helps make sure money moves smoothly and no one sneaks in without a proper look.
Analyzed Economic Effects
6 provisions identified: 2 benefits, 1 costs, 3 mixed.
Public Comment Deadline July 17, 2025
You can submit written comments about the proposed bank-control transactions to the indicated Federal Reserve Bank or to the Board of Governors (Ann E. Misback, Secretary) by July 17, 2025. The notice identifies specific Reserve Banks (Minneapolis and Dallas) and provides electronic comment addresses for each application.
Public Access to Application Files
The public portions of the applications can be inspected at the Federal Reserve Banks listed in the notice and at the Board of Governors' offices. The notice also says you may obtain this information on an expedited basis by contacting the appropriate Reserve Bank or the Board's Freedom of Information Office (with a FOIA request link provided).
Comments Will Be Publicly Disclosed
Comments submitted on these applications will be subject to public disclosure and generally will be made available without change, including any personal or business contact information. The notice warns commenters not to include confidential information that would be inappropriate for public disclosure.
Proposed Acquisition: Grant County State Bank
Michael Schmid (Carson, North Dakota) applied to join the Schmid Family Control Group to acquire voting shares of Grant County Bancorporation, Inc., and thereby indirectly acquire voting shares of Grant County State Bank in Carson, North Dakota. Interested persons may comment on this application by July 17, 2025.
Retention: City Bank / South Plains Financial
Henry TAW LP, TAW Management LLC, Racham Investment Group LLC, Robbie S. Campbell, and Richard D. Campbell (all of Midland, Texas), acting as the Campbell Control Group, filed to retain voting shares of South Plains Financial, Inc., and thereby indirectly retain voting shares of City Bank in Lubbock, Texas. Comments on this retention must be received by July 17, 2025.
Proposed Addition: Henry Shares LLC to Join Control Group
Henry Shares LLC (Midland, Texas) filed to join the Campbell Control Group to acquire voting shares of South Plains Financial, Inc., and thereby indirectly acquire voting shares of City Bank in Lubbock, Texas. The notice provides the opportunity to comment on this proposed acquisition through July 17, 2025.
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Key Dates
Related Federal Register Documents
2025-21626 — Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
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2026-06545 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If you want to buy or keep a big chunk of a bank or its parent company, you need to tell the Federal Reserve and wait for their thumbs-up. People who want to make these moves must share info publicly and accept comments until April 20, 2026. This keeps bank ownership clear and fair, so everyone knows who’s in charge and when changes happen.
2026-06101 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Some companies want to become bank holding companies or buy banks, and the Federal Reserve is checking their applications. If you have thoughts, you can send comments by April 29, 2026. This process affects banks, investors, and the public, making sure big bank moves are safe and fair.
2026-05961 — Regulatory Capital Rule (Regulation Q): Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies; Systemic Risk Report (FR Y-15)
Big banks that matter most to the U.S. economy will see changes in how their risk-based capital surcharges are calculated. The new rules tweak formulas, smooth out data bumps, and update reports to better match real-world risks, with adjustments for growth and inflation each year. These updates aim to keep our financial system safer, and banks need to get ready by June 18, 2026, to share their thoughts.
2026-05960 — Regulatory Capital Rules: Regulatory Capital and Standardized Approach for Risk-Weighted Assets
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2026-05993 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If someone wants to buy or control shares in a bank or bank holding company, they have to tell the Federal Reserve first. People can check these plans and share their thoughts by April 13, 2026. This keeps bank ownership clear and fair, making sure big money moves get a thumbs-up from the government.
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