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Change in Bank Control Act Application - Gregory P. Mayo / First Holding Company of Cavalier

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Summary

The Federal Reserve Board published notice of an application under the Change in Bank Control Act for Gregory P. Mayo and the Barbara J. Mayo 2020 GST Trust to acquire and retain voting shares of First Holding Company of Cavalier, Inc., which indirectly controls United Valley Bank, both of Cavalier, North Dakota. The public may submit comments on the application through April 23, 2026.

What changed

The Federal Reserve Board published notice of an application by Gregory P. Mayo, Fargo, North Dakota, to retain voting shares of First Holding Company of Cavalier, Inc., and by the Barbara J. Mayo 2020 GST Trust to join the Mayo Family Shareholder Group and acquire shares of the same company. The trust acquisition would indirectly affect United Valley Bank, both headquartered in Cavalier, North Dakota.

Affected parties including bank shareholders, community members, and competing financial institutions may submit written comments on the application addressing the standards enumerated in paragraph 7 of the Change in Bank Control Act. Comments must be received by April 23, 2026, and will be made publicly available without modification.

What to do next

  1. Submit written comments to the Federal Reserve Bank of Minneapolis or the Board of Governors by April 23, 2026
  2. Review application materials at the Federal Reserve Bank of Minneapolis for additional details on the proposed acquisition

Archived snapshot

Apr 8, 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 23, 2026.

A. Federal Reserve Bank of Minneapolis (Mark Nagle, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291. Comments can also be sent electronically
to MA@mpls.frb.org:

  1. Gregory P. Mayo, Fargo, North Dakota; to retain voting shares of First Holding Company of Cavalier, Inc. (“Company”), and thereby indirectly retain voting shares of United Valley Bank (“Bank”), both of Cavalier, North Dakota. Additionally, the Barbara J. Mayo 2020 GST Trust, Barbara J. Mayo, as trustee, both of Fargo, North Dakota; to join the Mayo Family Shareholder Group, a group acting in concert, to acquire shares of Company, and thereby indirectly acquire shares of Bank.

Board of Governors of the Federal Reserve System.

Michele Taylor Fennell, Associate Secretary of the Board. [FR Doc. 2026-06771 Filed 4-7-26; 8:45 am] BILLING CODE P

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CFR references

12 CFR 225.41

Named provisions

Change in Bank Control Act Applications

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Last updated

Classification

Agency
FRS
Published
April 7th, 2026
Comment period closes
April 23rd, 2026 (15 days)
Compliance deadline
April 23rd, 2026 (15 days)
Instrument
Consultation
Legal weight
Non-binding
Stage
Consultation
Change scope
Minor
Document ID
FR Doc. 2026-06771
Docket
FRS-2026-1453-0001

Who this affects

Applies to
Banks Investors
Industry sector
5221 Commercial Banking
Activity scope
Bank holding company acquisition Voting share retention Group acting in concert
Geographic scope
United States US

Taxonomy

Primary area
Banking
Operational domain
Compliance
Topics
Corporate Governance Financial Services

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