Fed opens comment period on two bank control change notices

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

A routine Federal Register notice discloses two pending Change in Bank Control Act applications before Federal Reserve Banks in Atlanta and Minneapolis. It sets out who is applying, which institutions are affected, and the public comment deadline for interested parties to weigh in.

• The Charles Clifford Brooks, Jr. Living Trust and related individuals seek to join the Brooks Family Control Group to retain voting shares of TCB Bancshares, Inc. and The Commercial Bank, both of Crawford, Georgia.
• The Jerome and Barbara Lifetime Bank Stock Revocable Trust and related individuals seek to join the Bushman Family Group to retain voting shares of First Southeastern Banc Group, Inc. and First Southeast Bank, both of Harmony, Minnesota.
• Comments on both applications must be received by the designated Federal Reserve Bank or the Board's Secretary, Benjamin W. McDonough, no later than November 6, 2026.
• The applications are filed under the Change in Bank Control Act, 12 U.S.C. 1817(j), and 12 CFR 225.41, with review standards set out in paragraph 7 of the Act.

Executive summary

The Federal Reserve System has published notice of two Change in Bank Control Act applications. Under the Atlanta Reserve Bank's jurisdiction, the Charles Clifford Brooks, Jr. Living Trust, Justin D. Brooks, and the Robbie B. Paine and William F. Paine…

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.