Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
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The Federal Reserve System is publishing notice of applications filed under the Change in Bank Control Act. Todd Davidson, N. Terry Nelson, and several other individuals and trusts are seeking to join the existing Nelson Family Control Group to retain voting shares of Norton Bankshares, Inc. (NBI) and indirectly of The First State Bank (FSB) in Norton, Kansas. The group includes multiple family trusts and co-trustees. Additionally, the N. Terry Nelson Trust No. 7 is applying to acquire extra voting shares. Public comments on these applications must be received by April 10, 2026. The applications are available for inspection at the Federal Reserve Bank of Kansas City and the Board of Governors.
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Key Changes
- Notification under 12 U.S.C. 1817(j) and 12 CFR 225.41 for change in bank control
- Nelson Family Control Group members to retain voting shares of Norton Bankshares, Inc. and The First State Bank
- N. Terry Nelson Trust No. 7 to acquire additional voting shares
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Obligations
What this law requires
Submit written comments on applications under the Change in Bank Control Act to the Federal Reserve Bank of Kansas City (KCApplicationComments@kc.frb.org) or Board of Governors (Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001) by April 10, 2026
Applicants seeking to acquire or retain voting shares of a bank or bank holding company must file applications under the Change in Bank Control Act (12 U.S.C. 1817(j)) and 225.41 of Regulation Y (12 CFR 225.41)
Make public portions of applications and related filings available for immediate inspection at the Federal Reserve Bank(s) indicated and at the offices of the Board of Governors
Ensure comments submitted regarding Change in Bank Control Act applications do not include confidential information, personal identifying information, or data inappropriate for public disclosure
Make all comments received on Change in Bank Control Act applications available for public disclosure without modification