Fed invites comment on Security Bancshares bid to add lending activities
The Federal Reserve has published a routine section 4 notice flagging that Security Bancshares Corporation of Wewoka, Oklahoma, intends to engage in nonbanking activities permitted under Regulation Y. The notice opens a short public comment window and names the Reserve Bank handling the filing. It is brief, but it is the formal point at which interested persons can contest whether the proposal meets the statutory standards.
- Security Bancshares Corporation, Wewoka, Oklahoma, proposes to engage in lending activities under section 225.28(b)(1) of Regulation Y and to acquire debt in default under section 225.28(b)(vii).
- Written comments on whether the proposal complies with section 4 of the BHC Act must be received no later than November 9, 2026.
- The Federal Reserve Bank of Kansas City is the Reserve Bank handling the filing, with comments accepted by email at KCApplicationComments@kc.frb.org.
- Comments received are subject to public disclosure and will be made available without change, including any identifying information.