Federal Reserve Notice of Change in Bank Control Applications

Detected March 26th, 2026

Summary

The Federal Reserve Board has published a notice regarding applications filed under the Change in Bank Control Act. These applications seek approval to acquire shares of banks or bank holding companies. Interested parties can submit comments on the applications until April 10, 2026.

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What changed

The Federal Reserve Board has issued a notice detailing several applications filed under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41). These applications pertain to individuals and trusts seeking to acquire or retain voting shares of bank holding companies, specifically Norton Bankshares, Inc. (NBI) and indirectly The First State Bank (FSB). The notice specifies the applicants, the entities involved, and the nature of the proposed share acquisitions.

Regulated entities and interested parties are invited to submit written comments regarding these applications. Comments must adhere to the standards set forth in paragraph 7 of the Act and should not contain confidential information. All comments received will be made publicly available. The deadline for submitting comments to the relevant Federal Reserve Bank or the Board of Governors is April 10, 2026.

What to do next

Review applications for potential impact on existing relationships or market dynamics.
Submit comments to the Federal Reserve by April 10, 2026, if applicable.

Source document (simplified)

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 10, 2026.

A. 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:

Todd Davidson, Salina, Kansas, and N. Terry Nelson, Long Island, Kansas, as co-trustees of the N. Terry Nelson Trust No. 7 (Trust No. 7), Long Island, Kansas; Clarke S. Nelson, Stanton D. Nelson, and Janet Sell, all of Long Island, Kansas, John P. Engelbert, Norton, Kansas, Todd Davidson and N. Terry Nelson, as co-trustees of the Stanton D. Nelson Trust No. 2 (Stanton Trust No. 2), Long Island, Kansas; and Todd Davidson, N. Terry Nelson, Clarke S. Nelson, Stanton D. Nelson, Janet Sell, and John P. Engelbert as co-trustees of the Clarke S. Nelson Trust No. 2 (Clarke Trust No. 2), Long Island, Kansas; to join the Nelson Family Control Group (NFCG), a group acting in concert, to retain voting shares of Norton Bankshares, Inc. (NBI), and thereby indirectly retain voting shares of The First State Bank (FSB), both of Norton, Kansas.

In addition, the John P. Engelbert Trust No. 1, John P. and Pamela K. Engelbert, as co-trustees, all of Norton, Kansas, and Jared and McKenzie
Engelbert, both of Holdrege, Nebraska; to join the NFCG and retain voting shares of NBI, and thereby indirectly retain voting shares of FSB.

Finally, Trust No. 7; to acquire additional voting shares of NBI, and thereby indirectly acquire additional voting shares of FSB. Trust No. 7, Stanton
Trust No. 2, the Clarke Trust No. 2, and all of the aforementioned co-trustees, excluding Todd Davidson, are members of the
NFCG and were each previously permitted by the Federal Reserve System to acquire voting shares of NBI.

Board of Governors of the Federal Reserve System.

Michele Taylor Fennell, Associate Secretary of the Board. [FR Doc. 2026-05881 Filed 3-25-26; 8:45 am] BILLING CODE P