2025-19305Notice

Fed Reviews Bank Share Acquisition Applications

Published Date: 10/2/2025

Notice

Summary

Some folks want to buy shares in banks or bank companies, and the Federal Reserve is checking their applications to make sure everything’s fair and safe. If you’re interested, you can see the details or share your thoughts by October 17, 2025. This process helps keep banks strong and protects everyone’s money.

Analyzed Economic Effects

3 provisions identified: 1 benefits, 1 costs, 1 mixed.

Public comment chance on bank takeovers

You can inspect public parts of applications to buy a bank and submit written comments on those applications. Comments must be received by October 17, 2025, and the public portions of applications are available at the Federal Reserve Bank listed (Richmond) and at the Board of Governors.

Comments will be publicly disclosed

If you submit comments about these bank-control applications, your comments are subject to public disclosure and generally will be made available without changes. Do not include confidential or identifying business or contact information in your comments.

Application: Exploration Capital seeks M&F Bancorp

Exploration Capital Fund, L.P., related entities of Salt Lake City, Utah, and Stephen Gustin of Vineyard, Utah, have applied to acquire voting shares of M&F Bancorp, Inc., and thereby indirectly acquire Mechanics & Farmers Bank in Durham, North Carolina; comments on this application must be received by October 17, 2025, and public files are available at the Federal Reserve Bank of Richmond and the Board of Governors.

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Key Dates

Published Date
Effective Date
10/2/2025
10/17/2025

Department and Agencies

Department
Independent Agency
Agency
Federal Reserve System
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