Federal Reserve Notice on Proposed Bank Share Acquisitions
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 proposed changes in control involving shares of a bank holding company. The listed individuals and trust-related parties seek to join a family group acting together to retain voting shares of Reeves Bancshares, Inc., and indirectly retain voting shares of its bank interests. The practical effect is limited to the parties involved, the Federal Reserve, and anyone who wants to comment on whether the proposed control arrangement meets banking-law standards. Comments are due by June 12, 2026, and anything submitted may become public without redaction.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Opens public review of a proposed bank control arrangement
- Identifies the parties seeking to retain voting shares through a family group
- Sets a June 12, 2026 deadline for public comments
Obligations
What this law requires
Interested persons who wish to comment on the listed Change in Bank Control Act applications must submit written comments to the Federal Reserve Bank of Kansas City or the Board of Governors by the stated deadline.
Persons submitting comments 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.
Persons seeking to acquire or retain control of shares of a bank or bank holding company must apply under the Change in Bank Control Act and Regulation Y before the Federal Reserve considers the proposed control transaction.