Federal Register #2026-22502

Federal Reserve review of proposed Keweenaw–Range financial company merger

The Federal Reserve is reviewing a proposed bank holding company merger, not a procurement opportunity. - Government agency: Federal Reserve System, through the Board of Governors. - Applicants and institutions named: Keweenaw Financial Corporation of Hancock, Michigan; Range Financial Corporation of Marquette, Michigan; and Range Bank. - Proposed transaction: Keweenaw Financial Corporation seeks approval to merge with Range Financial Corporation and indirectly acquire Range Bank under the Bank Holding Company Act. - Notable requirement: The notice invites public comments on the application. - Procurement items: No products, services, quantities, or part numbers are requested.

Description

The notice states that the listed companies have applied to the Federal Reserve Board for approval to become bank holding companies and/or acquire banks or bank holding companies. It identifies Keweenaw Financial Corporation of Hancock, Michigan, as seeking to merge with Range Financial Corporation of Marquette, Michigan, and thereby indirectly acquire Range Bank. Comments on the application are due by December 4, 2026.

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