Changeflow GovPing Banking & Finance Change in Bank Control Act Acquisition Notices
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Change in Bank Control Act Acquisition Notices

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Summary

The Board of Governors of the Federal Reserve System published notices of two applications under the Change in Bank Control Act seeking approval to acquire voting shares of Townsend Financial Corporation and indirectly acquire Farmers Bank, both of Parsons, Tennessee. The applications involve two separate applicant groups from Pennsylvania. Public comments are invited through April 17, 2026.

What changed

The Federal Reserve published two separate notices of applications under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41). The first application involves Nathan T. Snyder and Hallie H. Snyder of Pittsburgh, Pennsylvania, as a group acting in concert. The second involves Eugene H. Bringol, Jr. and Natalee L. Young-Bringol of Beaver, Pennsylvania, also as a group acting in concert. Both groups seek to acquire voting shares of Townsend Financial Corporation, thereby indirectly acquiring Farmers Bank in Parsons, Tennessee.

Interested persons may submit written comments on these applications by April 17, 2026, to the Federal Reserve Bank of St. Louis or to the Board of Governors in Washington, DC. Comments will be made publicly available without modification. No specific compliance actions or penalties are associated with this notice; it is an informational filing inviting public input on pending acquisitions.

Archived snapshot

Apr 6, 2026

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Content

The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the
Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered
in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).

The public portions of the applications listed below, as well as other related filings required by the Board, if any, are
available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors.
This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank
and from the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act.

Comments received are subject to public disclosure. In general, comments received will be made available without change and
will not be modified to remove personal or business information including confidential, contact, or other identifying information.
Comments should not include any information such as confidential information that would not be appropriate for public disclosure.

Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of
Governors, Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001,
not later than April 17, 2026.

A. Federal Reserve Bank of St. Louis (Holly A. Rieser, Senior Manager) P.O. Box 442, St. Louis, Missouri 63166-2034. Comments can also be sent electronically to Comments.applications@stls.frb.org:

  1. Nathan T. Snyder and Hallie H. Snyder, both of Pittsburgh, Pennsylvania; as a group acting in concert, to acquire voting shares of Townsend Financial Corporation, and thereby indirectly acquire voting
    shares of Farmers Bank, both of Parsons, Tennessee.

  2. Eugene H. Bringol, Jr., and Natalee L. Young-Bringol, both of Beaver, Pennsylvania; as a group acting in concert, to acquire voting shares of Townsend Financial Corporation, and thereby indirectly acquire voting
    shares of Farmers Bank, both of Parsons, Tennessee.

Board of Governors of the Federal Reserve System.

Erin Cayce, Assistant Secretary of the Board. [FR Doc. 2026-06401 Filed 4-1-26; 8:45 am] BILLING CODE P

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CFR references

12 CFR 225.41

Named provisions

Change in Bank Control Act Applications Section 7 of the Act (12 U.S.C. 1817(j)(7))

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Last updated

Classification

Agency
FRS
Published
April 1st, 2026
Comment period closes
April 17th, 2026 (6 days)
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
FR Doc. 2026-06401
Docket
FRS-2026-1321-0001

Who this affects

Applies to
Banks Public companies
Industry sector
5221 Commercial Banking 5231 Securities and Investments
Activity scope
Bank Acquisitions Bank Holding Company Ownership
Geographic scope
United States US

Taxonomy

Primary area
Banking
Operational domain
Compliance, Legal
Topics
Securities Corporate Governance

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