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Bank Control Notice: Gregory L. Massey 2026 Irrevocable Trust Acquires Spend Life Wisely Company

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Summary

The Federal Reserve Bank of Kansas City has published a notice under the Change in Bank Control Act seeking public comment on an application by The Gregory L. Massey 2026 Irrevocable Trust and Gregory L. Massey as trustee to become a member of the Massey Family Group and acquire voting shares of Spend Life Wisely Company, Inc., which would indirectly acquire voting shares of First United Bank and Trust Company in Durant, Oklahoma. Comments must be submitted to the Federal Reserve Bank of Kansas City or the Board of Governors offices in Washington, DC by May 8, 2026.

“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 8, 2026.”

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What changed

The Federal Reserve has published a notice of application under the Change in Bank Control Act for The Gregory L. Massey 2026 Irrevocable Trust and Gregory L. Massey as trustee to acquire voting shares of Spend Life Wisely Company, Inc., which would result in indirect acquisition of First United Bank and Trust Company. The application cites the statutory factors in 12 U.S.C. 1817(j)(7) that the Board must consider. Public comments are invited on the standards enumerated in the Act, with all comments subject to public disclosure. Comments must be received by May 8, 2026 at the Federal Reserve Bank of Kansas City or the Board of Governors offices in Washington, DC.

Affected parties include the Gregory L. Massey 2026 Irrevocable Trust, Gregory L. Massey, the Massey Family Group, Spend Life Wisely Company, Inc., and First United Bank and Trust Company. Interested members of the public may express views in writing on the bank control application standards and inspect related filings at the Federal Reserve Bank of Kansas City or the Board's Freedom of Information Office.

What to do next

  1. Submit comments to the Federal Reserve Bank of Kansas City or the Board of Governors by May 8, 2026

Archived snapshot

Apr 23, 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 May 8, 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:

  1. The Gregory L. Massey 2026 Irrevocable Trust, Gregory L. Massey, as trustee, both of Dallas, Texas; to become a member of the Massey Family Group, a group acting in concert, to acquire voting shares of Spend Life Wisely Company, Inc., and thereby indirectly acquire voting shares of First United Bank and Trust Company, both of Durant, Oklahoma. Gregory Massey was previously permitted by the Federal Reserve System to acquire voting shares

of Spend Life Wisely Company, Inc. in his individual capacity.

Board of Governors of the Federal Reserve System.

Michele Taylor Fennell, Associate Secretary of the Board. [FR Doc. 2026-07976 Filed 4-22-26; 8:45 am] BILLING CODE 6210-01-P

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CFR references

12 CFR 225.41

Named provisions

Change in Bank Control Act applications Standards for bank control determinations

Mentioned entities

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Last updated

Classification

Agency
FRB
Published
April 22nd, 2026
Comment period closes
May 8th, 2026 (15 days)
Compliance deadline
May 8th, 2026 (15 days)
Instrument
Consultation
Branch
Executive
Joint with
Federal Reserve Bank of Kansas City
Legal weight
Non-binding
Stage
Consultation
Change scope
Minor
Docket
FRS-2026-1717-0001

Who this affects

Applies to
Banks Investors Financial advisers
Industry sector
5221 Commercial Banking
Activity scope
Bank holding company acquisitions Voting share transfers Change in bank control filings
Geographic scope
United States US

Taxonomy

Primary area
Banking
Operational domain
Compliance
Compliance frameworks
Dodd-Frank
Topics
Securities Financial Services

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