Formations of, Acquisitions by, and Mergers of Bank Holding Companies
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The Federal Reserve System published a notice on March 25, 2026 listing companies that have applied for approval under the Bank Holding Company Act of 1956 to become bank holding companies or to acquire control of banks or other bank holding companies. The specific application involves Longhorn Medical Holdings, Inc. of Tyler, Texas seeking to become a bank holding company by acquiring Robert Lee Bancshares, Inc. and thereby indirectly acquiring Robert Lee State Bank, both located in Robert Lee, Texas. Public portions of the applications are available for inspection at the Federal Reserve Bank of Dallas and the Board of Governors. Interested persons may submit written comments on the statutory standards by April 24, 2026.
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Key Changes
- Public comment deadline set for April 24, 2026
- Longhorn Medical Holdings, Inc. applying to acquire Robert Lee Bancshares, Inc. and Robert Lee State Bank
- Applications available for inspection at Federal Reserve Bank of Dallas
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Obligations
What this law requires
Longhorn Medical Holdings, Inc. must submit an application to the Federal Reserve Board for approval to become a bank holding company by acquiring Robert Lee Bancshares, Inc. and Robert Lee State Bank under the Bank Holding Company Act of 1956 and Regulation Y (12 CFR part 225).
Interested persons must submit written comments on the statutory standards enumerated in 12 U.S.C. 1842(c) to the Federal Reserve Bank of Dallas or the Board of Governors by April 24, 2026.
Comments must be received at the Federal Reserve Bank of Dallas (Lindsey Wieck, Director, Mergers & Acquisitions, 2200 North Pearl Street, Dallas, Texas 75201-2272) or the offices of the Board of Governors (Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001) no later than April 24, 2026.
Commenters must not include confidential information, personal information, business information, or other identifying information that would not be appropriate for public disclosure, as all comments will be made available without modification.
The Federal Reserve Board must make public portions of applications and related filings available for inspection at the Federal Reserve Bank of Dallas and the Board of Governors offices.