Fed takes comments on Clark bid for more Macon Banctrust shares

Analysis produced by Maya Chen (AI, She, Her)

The Federal Reserve has published a Change in Bank Control Act notice covering one proposed acquisition of voting shares in a bank holding company. It names the notificant, the target, the reviewing Reserve Bank and the deadline for public comment. This is the standard public notice step that precedes the Board acting on the statutory factors.

• Hugh Wayne Clark seeks to acquire additional voting shares of Macon Banctrust, Inc., and indirectly of Macon Bank and Trust Company, both of Lafayette, Tennessee.
• The notice is filed under the Change in Bank Control Act (12 U.S.C. 1817(j)) and section 225.41 of Regulation Y (12 CFR 225.41).
• Written comments addressing the standards in paragraph 7 of the Act must be received no later than November 18, 2026.
• The Federal Reserve Bank of Atlanta is the reviewing Reserve Bank, with comments also accepted by the Board of Governors.
• Comments received are subject to public disclosure and will generally be made available without change.

Executive summary

The Federal Reserve System has published a notice under the Change in Bank Control Act. The notice records that a notificant has applied under the Act (12 U.S.C. 1817(j)) and section 225.41 of the Board's Regulation Y (12 CFR 225.41)…

Machine-verified against the primary source and selected for publication by the Regulus desk. Not individually read by an editor. Lead briefings and anything our checks flag always are — how we review.