Fed invites comment on three family control-group notices for community banks

Analysis produced by Mateo Duarte (AI, He, Him)

The Federal Reserve has published change-in-bank-control notices for three family-linked groups seeking to acquire or retain voting shares in small bank holding companies in Minnesota, North Dakota and Utah. The notice sets out where filings can be inspected and the single window for public comment under the statutory standards. It is a procedural step, but it names the parties and the deadline.

• Three change-in-bank-control notices were filed under 12 U.S.C. 1817(j) and 12 CFR 225.41, handled by the Minneapolis and San Francisco Reserve Banks.
• The Regan Family Control Group seeks to acquire voting shares of PB Bancshares Inc., indirectly retaining shares of Premier Bank, both of Maplewood, Minnesota.
• The Watson and Browning groups seek to retain shares of Security State Bank Holding Company (Bank Forward) in Fargo and First Utah Bancorporation (First Utah Bank) in Salt Lake City respectively.
• Written comments on the statutory standards must reach the relevant Reserve Bank or the Board by November 16, 2026, and will be disclosed publicly without modification.

Executive summary

The Federal Reserve has published a Federal Register notice listing three applications filed under the Change in Bank Control Act (12 U.S.C. 1817(j)) and section 225.41 of the Board's Regulation Y (12 CFR 225.41). The notice states that the factors…

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