Federal Register #2026-14374

Federal Reserve Notice: Proposals for Bank Acquisitions and Nonbanking Activities

This notice from the Federal Reserve System outlines proposals by financial institutions to engage in or acquire companies involved in permissible nonbanking activities. - Government Buyer: - Federal Reserve System - Board of Governors of the Federal Reserve System - Companies Seeking Approval: - Ark Financial Holding, Inc. (Cooper, Texas) - Proposes to acquire Cooper Lake Financial Corporation and The First National Bank in Cooper - Brookfield Bancshares, Inc. (Brookfield, Illinois) - Proposes to merge with NSTS Bancorp, Inc. and acquire North Shore Trust and Savings - Activities Covered: - Applications to become bank holding companies - Acquisitions of banks or bank holding companies - Engagement in permissible nonbanking activities under the Bank Holding Company Act and Regulation Y - Changes in bank control and acquisitions of shares of banks or bank holding companies - No OEMs or vendors are named, as this notice pertains to financial institution activities, not procurement of products or services - Public portions of applications and related filings are available for inspection at designated Federal Reserve Banks and the Board of Governors

Description

This notice announces proposals by the Federal Reserve System to engage in or acquire companies involved in permissible nonbanking activities as defined under the Bank Holding Company Act and Regulation Y. The notice includes information about companies that have given notice to engage de novo or acquire voting securities or assets of companies engaged in nonbanking activities permissible for bank holding companies. The public portions of the applications and related filings are available for inspection at Federal Reserve Banks and the Board of Governors. Comments on the proposals must be received by August 17, 2026.

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