Dierberg Entities Seek FB Corporation Bank Control Under Change in Bank Control Act
Summary
The Federal Reserve published a notice of applications under the Change in Bank Control Act (12 U.S.C. 1817(j)) and 12 CFR 225.41. The Dierberg Milne Foundation, Ellen D. Milne, the Dierberg Family Foundation, and Michael J. and JiaMin L. Dierberg seek to join the Dierberg Family Control Group to acquire voting shares of FB Corporation, indirectly acquiring voting shares of The San Francisco Company and First Bank, all based in Creve Coeur, Missouri. The public may submit comments on the applications through the Federal Reserve Bank of St. Louis or the Board of Governors by May 6, 2026.
“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.”
What changed
The Federal Reserve published notice of applications by the Dierberg entities under the Change in Bank Control Act and Regulation Y (12 CFR 225.41). The applicants seek to expand the Dierberg Family Control Group to acquire voting shares of FB Corporation and its subsidiaries, The San Francisco Company and First Bank. The notice opens a public comment period and makes the application materials available for inspection at the Federal Reserve Bank of St. Louis and the Board of Governors.
Affected banks, bank holding companies, and potential competitors should monitor this application as it may affect competitive dynamics in the Creve Coeur, Missouri banking market. Any person or entity with relevant information may submit written comments to the Federal Reserve Bank of St. Louis or to Secretary of the Board by May 6, 2026.
Archived snapshot
Apr 21, 2026GovPing 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 6, 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:
- The Dierberg Milne Foundation, Ellen D. Milne, as trustee, both of Santa Barbara, California; and the Dierberg Family Foundation, Michael J. Dierberg and JiaMin L. Dierberg, as trustees, all of St. Louis, Missouri; to join the Dierberg Family Control Group, a group acting in concert, to acquire voting shares of FB Corporation, and thereby indirectly acquire voting shares of The San Francisco Company and First Bank, all of Creve Coeur, Missouri.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell, Associate Secretary of the Board. [FR Doc. 2026-07757 Filed 4-20-26; 8:45 am] BILLING CODE P
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