FR 2025-04022

The document from the Federal Reserve System addresses recent applications submitted under the Change in Bank Control Act. Several individuals and groups are seeking to acquire or retain shares in banks or bank holding companies. These applications are open for public review and commentary, inviting interested parties to submit their feedback by March 28, 2025.

General Summary

The document outlines two primary applications. The first involves individuals from Bentonville, Arkansas, who aim to acquire shares in Stark Bancshares, Inc., effectively gaining influence over LimeBank in Bolivar, Missouri. The second application is from the Kosman Family Group, a collective seeking to maintain and gain control over Platte Valley Financial Service Companies Inc. (PVFSC) and its associated banks in Nebraska, Wyoming, and Colorado. The public can access these applications at specified Federal Reserve Banks or online and submit comments as part of the review process.

Significant Issues and Concerns

The document's lack of an abstract might present accessibility challenges, as an initial summary is beneficial for individuals seeking an overview. Additionally, the formal and technical language may pose comprehension barriers for individuals without a background in banking or law. The document references specific legal sections without offering summaries, expecting readers to independently seek out additional information to understand the full context.

Furthermore, the mention of the Kosman Family Group lacks sufficient detail about the roles and interests of its members, which could lead to ambiguity and potential concerns about favoritism. Names of specific individuals and family groups engaged in acquiring and retaining bank shares are disclosed without detailed justification, possibly raising questions about the decision-making process behind these applications.

Impact on the Public

Broadly, the document may affect the public by inviting participation in the review process. Stakeholders and interested parties have the opportunity to express their opinions and potentially influence the outcome of these acquisition applications. Such public engagement can enhance transparency and accountability within the banking sector.

Impact on Specific Stakeholders

For stakeholders directly involved in the applications, including the Bentonville group and the Kosman Family Group, this document is critical as it outlines the procedure they must follow to secure their interests. Successfully acquiring or retaining bank shares could significantly impact their business operations and financial influence.

Conversely, competitors in the banking sector might view these applications as a shift in market dynamics, potentially altering competitive advantages. Employees and customers of the banks in question might also experience changes in their banking relationships, depending on the management and operational adjustments following any acquisitions.

In conclusion, while the document serves its purpose in notifying about applications under the Change in Bank Control Act, it could benefit from clearer language and additional context to enhance public understanding and involvement.