Federal Reserve notice on proposed retention of control in Bradley Bancorp
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice opens a public comment period on a proposed bank control arrangement involving Bradley Bancorp, Inc. and its subsidiary, Iowa Trust and Savings Bank, both in Centerville, Iowa. Nicholas Spenser Young and Tyler Thomas Young seek to join the Young Family Control Group and retain voting shares in Bradley Bancorp, which would indirectly keep voting control over Iowa Trust and Savings Bank. Interested people may submit written comments to the Federal Reserve by July 13, 2026, but should avoid including confidential information because comments are generally made public without edits.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Opens public comment on a proposed bank control notice involving Bradley Bancorp and Iowa Trust and Savings Bank
- Identifies Nicholas Spenser Young and Tyler Thomas Young as seeking to join the Young Family Control Group
- Sets July 13, 2026 as the deadline for written comments to the Federal Reserve
Obligations
What this law requires
Interested persons who wish to comment on the Change in Bank Control Act applications must express their views in writing on the standards listed in 12 U.S.C. 1817(j)(7).
Written comments on the applications must be submitted to the Federal Reserve Bank of Chicago or to the Board of Governors at the stated address; electronic comments may be sent to [email protected].
Commenters should not include confidential, contact, identifying, personal, or business information that would be inappropriate for public disclosure, because comments are generally made public without change.