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Bank Control Notices Under the Change in Bank Control Act

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Summary

The Federal Reserve Board published notice seeking public comments on two bank control applications under the Change in Bank Control Act. The Weaver Family Control Group (Russell A. Weaver II, Sandra M. Weaver, and Wanda K. Weaver-Marshall) seeks to retain voting shares of Fryburg Banking Company Inc. James N. Carson seeks to retain voting shares of Carson Financial Holding Company, Inc. Comments must be received by April 20, 2026.

What changed

The Federal Reserve Board is soliciting public comments on two bank control applications filed pursuant to the Change in Bank Control Act (12 U.S.C. 1817(j)) and 12 CFR 225.41. The first application involves Russell A. Weaver II, Sandra M. Weaver, and Wanda K. Weaver-Marshall seeking to form a family control group to retain voting shares of Fryburg Banking Company Inc., thereby indirectly retaining voting shares of First United National Bank, both of Fryburg, Pennsylvania. The second application involves James N. Carson seeking to retain voting shares of Carson Financial Holding Company, Inc. and its subsidiary Carson Community Bank, both of Stilwell, Oklahoma.

Interested parties may submit written comments to the appropriate Federal Reserve Bank or to the Board of Governors by April 20, 2026. Comments submitted are subject to public disclosure. No specific compliance deadlines or penalties are associated with this consultation notice. The Board will consider factors enumerated in paragraph 7 of the Act when acting on these applications.

What to do next

  1. Submit written comments on the Weaver Family application to the Federal Reserve Bank of Cleveland or to the Board of Governors by April 20, 2026
  2. Submit written comments on the Carson Financial application to the Federal Reserve Bank of Kansas City or to the Board of Governors by April 20, 2026
  3. Express views in writing on the standards enumerated in paragraph 7 of the Change in Bank Control Act if desired

Archived snapshot

Apr 6, 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 April 20, 2026.

A. Federal Reserve Bank of Cleveland (Jenni M. Frazer, Vice President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566. Comments can also be sent electronically
to Comments.applications@clev.frb.org:

  1. Russell A. Weaver II and Sandra M. Weaver, both of Shippenville, Pennsylvania, and Wanda K. Weaver-Marshall, Venus, Pennsylvania; to form the Weaver Family Control Group, a group acting in concert, to retain voting shares of Fryburg Banking Company Inc., and thereby indirectly retain voting shares of First United National Bank, both of Fryburg, Pennsylvania.

B. Federal Reserve Bank of Kansas City (Jeffrey Imgarten, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001. Comments can also be sent
electronically to KCApplicationComments@kc.frb.org:

  1. James N. Carson, Stillwell, Oklahoma; to retain voting shares of Carson Financial Holding Company, Inc., and thereby indirectly retain voting shares of Carson Community Bank, both of Stilwell, Oklahoma.

Board of Governors of the Federal Reserve System.

Erin Cayce, Assistant Secretary of the Board. [FR Doc. 2026-06545 Filed 4-2-26; 8:45 am] BILLING CODE P

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CFR references

12 CFR 225.41

Named provisions

Change in Bank Control Act Regulation Y Paragraph 7 of the Act

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Last updated

Classification

Agency
FRS
Published
April 2nd, 2026
Comment period closes
April 20th, 2026 (12 days)
Instrument
Consultation
Legal weight
Non-binding
Stage
Consultation
Change scope
Minor
Document ID
FR Doc. 2026-06545
Docket
FRS-2026-1354-0001

Who this affects

Applies to
Banks
Industry sector
5221 Commercial Banking
Activity scope
Bank Control Applications Bank Holding Company Acquisitions
Geographic scope
United States US

Taxonomy

Primary area
Banking
Operational domain
Compliance
Topics
Financial Services Corporate Governance

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