Federal Register #2026-21692

Federal Reserve regulatory notice on Security Bancshares Corporation’s proposed activities

The Federal Reserve notice concerns a regulatory application by Security Bancshares Corporation, not a government procurement opportunity. - Government entities: Federal Reserve System; the application is available for public inspection through the Federal Reserve Bank of Kansas City and the Board of Governors. - Applicant: Security Bancshares Corporation of Wewoka, Oklahoma. - Proposed activities: Lending and acquiring debt in default under the Bank Holding Company Act and Regulation Y. - Procurement items: No products, services, quantities, part numbers, OEMs, or vendors supplying goods or services are identified.

Description

The Federal Reserve System notice concerns proposals under section 4 of the Bank Holding Company Act and Regulation Y to engage in or acquire companies engaged in permissible nonbanking activities. Security Bancshares Corporation of Wewoka, Oklahoma, proposes to engage in lending activities and to acquire debt in default. Applications are available for public inspection at the Federal Reserve Bank of Kansas City and the Board of Governors’ offices. Comments must be received by November 9, 2026.

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