Federal Register #2026-19449

Notice of Applications for Change in Bank Control and Related Transactions

This notice from the Federal Reserve System concerns applications for changes in bank control and related holding company transactions. - Government Buyer: - Federal Reserve System - Federal Reserve Bank of Chicago - Board of Governors of the Federal Reserve System - Entities involved: - Saltzman Family Control Group - Shennen S.C. Saltzman Irrevocable Bank Trust - Saltzman Legacy Bank Trust - Sundae M. Haggerty Irrevocable Trust - First Amended and Restated Theodore G. Saltzman Jr. Bank Trust - Pioneer Development Company - Pioneer Bank - Mutual Federal Bancorp, MHC - Mutual Federal Bank - MFB Bancorp, Inc. - No products or services are being procured; this is a regulatory notice regarding bank control and holding company transactions. - No OEMs or vendors are mentioned, as this is not a procurement opportunity. - Notable requirements: - Applications pertain to acquisition or retention of voting shares in banking entities - Mutual Federal Bancorp, MHC is converting from mutual to stock form, resulting in Mutual Federal Bank becoming a wholly-owned subsidiary of MFB Bancorp, Inc. - Notice is for public comment and inspection.

Description

This notice from the Federal Reserve System announces applications under the Change in Bank Control Act to acquire shares of a bank or bank holding company. It details the process for public inspection of applications and invites public comments on the standards for approval. The notice includes specific information about the Saltzman Family Control Group's intent to acquire voting shares of Pioneer Development Company and indirectly Pioneer Bank. Comments must be received by October 8, 2026.

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