Federal Reserve Bank Control Notices
Summary
The Federal Reserve System has posted change in bank control notices for applications filed under the Change in Bank Control Act. These notices allow for public inspection and comment on proposed acquisitions of bank or bank holding company shares.
What changed
The Federal Reserve System has published a notice detailing several applications filed under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (§ 225.41). These applications pertain to individuals and trusts seeking to acquire or retain voting shares of banks or bank holding companies, specifically mentioning Lakin Bancshares, Inc. (KCB Bank) and Security Financial Services Corporation (Security Financial Bank). The notice provides details on how the public can access these filings and submit comments.
Regulated entities, particularly those involved in bank acquisitions or control, should be aware of these filings. Interested parties have until April 2, 2026, to submit written comments regarding the applications to the relevant Federal Reserve Banks or the Board of Governors. Comments are subject to public disclosure, and applicants should ensure no confidential information is included in public filings.
What to do next
- Review applications for potential conflicts or competitive concerns.
- Submit comments to the relevant Federal Reserve Bank or Board of Governors by April 2, 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 2, 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*:
- Robert Beymer, as trustee of Diane Beymer Credit Shelter Trust and Robert Beymer Revocable Trust dtd 02/24/2022, all of Garden City, Kansas; to retain voting shares of Lakin Bancshares, Inc., and thereby indirectly retain voting shares of KCB Bank, both of Lakin, Kansas.
B. 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:
- The Maya J. Smith Irrevocable Trust dated 12/14/2022 and the Zoie M. Smith Irrevocable Trust dated 12/14/2022 (together, the “Trusts”); to join the Bauer Family Shareholder Group, a group acting in concert, to retain voting shares of Security Financial Services Corporation, and thereby indirectly retain voting shares of Security Financial Bank, both of Durand, Wisconsin. Tad M. Bauer, the trustee of the Trusts, was previously approved by the Federal Reserve System to join the Bauer Family Shareholder Group in his individual capacity.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell, Associate Secretary of the Board. [FR Doc. 2026-05318 Filed 3-17-26; 8:45 am] BILLING CODE P
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