Federal Reserve Notice on Proposed Bank Holding Company Transactions
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice opens public review of proposed bank holding company transactions involving BayCoast Bank in Massachusetts and related companies. Narragansett Bancorp wants to become a bank holding company by acquiring BayCoast Bank, while Narragansett Financial Corporation would acquire Narragansett Bancorp. Banks, investors, competitors, customers, and community groups can inspect the public parts of the applications and send written comments to the Federal Reserve. Comments are due by July 22, 2026, and commenters should avoid including confidential information because submissions may be made public.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Opens Federal Reserve review of proposed bank holding company acquisitions involving BayCoast Bank
- Allows the public to inspect application materials and submit written comments
- Sets a comment deadline of July 22, 2026
Obligations
What this law requires
Interested persons who wish to comment on the listed bank holding company applications must submit written comments to the indicated Federal Reserve Bank or to the Board of Governors by the stated deadline.
Commenters should not include confidential, contact, identifying, personal, or business information in written comments if that information would not be appropriate for public disclosure, because comments are generally made public without change.