2025-14812Notice

Fed Checks Bank Buyouts: Yawn-Worthy Merger Notices Drop

Published Date: 8/5/2025

Notice

Summary

Some companies want to become bank holding companies or buy shares in banks, and the Federal Reserve is reviewing their applications. If you have thoughts, you can send comments by September 4, 2025. This process affects banks, investors, and the public by making sure bank ownership changes are safe and fair.

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

ESOP seeks 45.45% stake in Fargo bank

The Bank Forward Employee Stock Ownership Plan and Trust filed to acquire up to 45.45% of the voting shares of Security State Bank Holding Company and thereby indirectly acquire voting shares of Bank Forward, both in Fargo, North Dakota. The Federal Reserve is reviewing that application under the Bank Holding Company Act and Regulation Y.

Public comment, disclosure, and inspection rights

Interested persons may submit written comments about these bank holding company applications to the Federal Reserve by September 4, 2025. The public portions of the applications are available for inspection at the listed Federal Reserve Bank and the Board offices, and comments are generally made publicly available without change; applications or related filings can also be requested via the Board's FOIA page at https://www.federalreserve.gov/foia/request.htm.

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Key Dates

Published Date
8/5/2025

Department and Agencies

Department
Independent Agency
Agency
Federal Reserve System
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