Changeflow GovPing Banking & Finance Bank Control Notice, James Long, deadline May 7
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Bank Control Notice, James Long, deadline May 7

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Summary

The Federal Reserve published a notice under the Change in Bank Control Act that James Long of New Braunfels, Texas has applied to acquire control of First Commercial Financial Corporation by becoming co-trustee of the company's Employee Stock Ownership Plan, which indirectly owns First Commercial Bank, N.A. in Seguin, Texas. The public comment period closes on May 7, 2026, after which the Board will consider the application based on factors enumerated in paragraph 7 of the Act.

“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 May 7, 2026.”

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About this source

GovPing monitors Regs.gov: Federal Reserve System for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 42 changes logged to date.

What changed

The Federal Reserve System published a notice announcing that James Long has filed an application under the Change in Bank Control Act to acquire indirect control of First Commercial Financial Corporation and its subsidiary First Commercial Bank, N.A. The acquisition would occur through Long becoming a co-trustee of the corporation's Employee Stock Ownership Plan.

Affected parties include financial institutions subject to Change in Bank Control Act review, their existing shareholders, and individuals seeking to acquire reportable positions in bank holding companies. Any persons with views on this acquisition may submit written comments to the Federal Reserve Bank of Dallas or the Board of Governors by May 7, 2026.

Archived snapshot

Apr 22, 2026

GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.

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 May 7, 2026.

A. Federal Reserve Bank of Dallas (Lindsey Wieck, Director, Mergers & Acquisitions) 2200 North Pearl Street, Dallas, Texas 75201-2272. Comments can also be
sent electronically to Comments.applications@dal.frb.org:

  1. James Long, New Braunfels, Texas; to acquire control of voting shares of First Commercial Financial Corporation (“Corporation”), by becoming a co-trustee of First Commercial Financial Corporation Employee Stock Ownership Plan, which owns Corporation, and thereby indirectly owns First Commercial Bank, N.A., all of Seguin, Texas.

Board of Governors of the Federal Reserve System.

Michele Taylor Fennell, Associate Secretary of the Board. [FR Doc. 2026-07815 Filed 4-21-26; 8:45 am] BILLING CODE 6210-01-P

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CFR references

12 CFR 225.41

Named provisions

Change in Bank Control Act

Mentioned entities

Citations

12 U.S.C. 1817(j) governing statute for bank control applications
12 CFR 225.41 Regulation Y application requirements

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Last updated

Classification

Agency
FRS
Comment period closes
May 7th, 2026 (15 days)
Compliance deadline
May 7th, 2026 (15 days)
Instrument
Notice
Branch
Executive
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
FR Doc. 2026-07815
Docket
FRS-2026-1685-0001

Who this affects

Applies to
Banks Investors
Industry sector
5221 Commercial Banking
Activity scope
Bank control applications ESOP trusteeship acquisitions
Geographic scope
United States US

Taxonomy

Primary area
Banking
Operational domain
Compliance
Topics
Financial Services Securities

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