2026-06545NoticeWallet

Federal Reserve Monitors Latest Bank Control Acquisitions

Published Date: 4/3/2026

Notice

Summary

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.

Analyzed Economic Effects

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

Filing for Bank Control Moves

If you intend to acquire or retain a controlling block of a bank or its holding company, the parties have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y Sec. 225.41, which means prospective buyers or retainers must file these applications with the Federal Reserve and the filings are publicly listed.

Public Disclosure of Comments

Any written comments about these applications are subject to public disclosure and generally will be made available without change; you should not include confidential or identifying information because submissions can be released publicly.

Inspect Applications at Reserve Banks

The public portions of the applications and related filings are available for inspection at the named Federal Reserve Banks and at the Board of Governors, and can also be requested via the Board's Freedom of Information Office or expedited FOIA request.

Local Bank Control Applications — PA & OK

There are specific applications to retain voting shares: the Weaver Family Control Group seeks to retain shares of Fryburg Banking Company, and thereby First United National Bank (Fryburg, Pennsylvania); and James N. Carson seeks to retain shares of Carson Financial Holding Company and Carson Community Bank (Stilwell, Oklahoma). Interested persons may submit comments about these applications by April 20, 2026.

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Key Dates

Published Date
4/3/2026

Department and Agencies

Department
Independent Agency
Agency
Federal Reserve System
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