Federal Reserve Notice on Bank Holding Company Formation and Acquisition Applications
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice opens public comment on applications for companies to become bank holding companies or acquire banks or bank holding companies. The listed applications include Juno Bancorp, Inc.’s plan to acquire New Republic Bank, with another application listed under the Federal Reserve Bank of Chicago but cut off in the provided text. Banks, bank investors, competitors, customers, and community groups may review the public parts of the filings and submit comments to the relevant Federal Reserve Bank or the Board of Governors. Comments are due by July 6, 2026, and should not include confidential or private information because they may be disclosed publicly.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Opens public comment on bank holding company formation and acquisition applications
- Lists Juno Bancorp, Inc.’s proposed acquisition of New Republic Bank
- Sets July 6, 2026 as the deadline for written comments
Obligations
What this law requires
Companies seeking to become a bank holding company or to acquire assets, ownership, control, or voting power over a bank or bank holding company must apply to the Board for approval under the Bank Holding Company Act, Regulation Y, and other applicable statutes and regulations.
Interested persons submitting comments on the listed bank holding company applications must submit written comments to the indicated Federal Reserve Bank or to the Board of Governors no later than July 6, 2026.
Commenters should not include confidential, contact, identifying, personal, business, or other information inappropriate for public disclosure in comments because comments generally will be made publicly available without change.