Federal Register #2026-22205

Federal Reserve notice on proposed bank-control share acquisitions and retentions

The Federal Reserve System notice concerns proposed changes in control of several banks, not a purchase of products or services. - Government agency: Federal Reserve System; the Board of Governors also accepts comments. - Applications and institutions: - The Regan Family Control Group seeks to acquire voting shares of PB Bancshares Inc. and indirectly retain shares of Premier Bank, both in Minnesota. - Zachary and Christopher Watson seek to join the Watson Family Control Group to retain shares of Security State Bank Holding Company and indirectly retain shares of Bank Forward, both in North Dakota. - The Scott M. Browning Legacy Trust seeks to join the Browning Family Control Group to retain shares of First Utah Bancorporation and indirectly retain shares of First Utah Bank, both in Utah. - Designated Federal Reserve offices: Federal Reserve Bank of Minneapolis and Federal Reserve Bank of San Francisco, as applicable; comments may also be submitted to the Board of Governors. - Procurement relevance: This is a regulatory notice under the Change in Bank Control Act and Regulation Y. No products, services, quantities, part numbers, OEMs, or vendors are requested.

Description

The Federal Reserve System notice announces applications under the Change in Bank Control Act and Regulation Y to acquire or retain voting shares of banks or bank holding companies. It identifies applicants seeking to join the Regan, Watson, and Browning family control groups and the financial institutions involved. Interested persons may submit written comments on the applications to the indicated Federal Reserve Banks or the Board of Governors by November 16, 2026.

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