Fed Probes Plans to Take Control of Gouverneur Bank
Published Date: 11/11/2025
Notice
Summary
Some folks want to buy more shares of a savings and loan company, Gouverneur Bancorp, which controls a local bank in New York. The Federal Reserve is checking their applications and wants the public to share thoughts by November 28, 2025. This process helps keep bank ownership clear and fair, with no surprises on who’s in charge or how money moves.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Proposed Change in Local Bank Control
Exploration Capital Fund, LP and related parties have applied to acquire additional voting shares of Gouverneur Bancorp, Inc., and thereby indirectly acquire voting shares of Gouverneur Savings and Loan Association, which controls GS&L Municipal Bank in Gouverneur, New York. The Federal Reserve is reviewing that proposed acquisition under the Change in Bank Control Act.
Public Access and Comment Rules
The public portions of the applications are available for inspection at the Federal Reserve Bank of Philadelphia and at the Board of Governors, and requests can be made via the Board's FOIA office. Interested persons may submit written comments (email: comments.applications@phil.frb.org) that must be received by November 28, 2025; comments are subject to public disclosure and should not include confidential information.
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Key Dates
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Previous / Next Documents
Previous: 2025-19853 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If you want to buy or control shares in a bank or bank holding company, you need to tell the Federal Reserve first. They check to make sure everything’s fair and safe before you can move forward. If you’re interested, you have until November 28, 2025, to share your thoughts, so don’t miss the deadline!
Next: 2025-19855 — 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 December 12, 2025. This affects banks, their owners, and anyone interested in bank mergers or acquisitions, with no direct costs but important for the banking world’s future.
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