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Banks (Finance)

Notice of Bank Holding Company Applications

Strategic Insights

— 1 min read

The Office of the Federal Register has issued a notice announcing applications from various companies seeking approval to become bank holding companies or acquire control of banks. The applications, listed below, are available for public inspection at the Federal Reserve Bank indicated and at the offices of the Board of Governors. Interested parties can express their views in writing on the standards enumerated in the Bank Holding Company Act within a specified timeframe.

Key Takeaways:

  • The notice includes applications from several companies, including SunMark Bancshares, Inc., to merge with Wheeler Bancshares, Inc. and indirectly acquire Wheeler County State Bank.
  • The public portions of the applications are available for immediate inspection at the Federal Reserve Bank of Atlanta and at the offices of the Board of Governors.
  • Comments received on the applications are subject to public disclosure and must be received within a specified timeframe, not later than October 6, 2025.
  • The applications must be approved by the Board pursuant to the Bank Holding Company Act, Regulation Y, and all other applicable statutes and regulations.
  • The Board's Freedom of Information Office will provide information on an expedited basis, upon request, to interested parties.
  • Comments regarding each application must be received by the specified deadline and can be sent electronically to Applications.Comments@atl.frb.org.

Statistics:

  • The applications are listed below:

+ SunMark Bancshares, Inc., Perry, Georgia; to merge with Wheeler Bancshares, Inc., and thereby indirectly acquire Wheeler County State Bank, both of Alamo, Georgia.

  • The deadline for comments on the applications is October 6, 2025.
  • The Board's Freedom of Information Office can provide information on an expedited basis, upon request.

Sources:

  • The notice was issued by the Office of the Federal Register.
  • The Federal Reserve Bank of Atlanta is listed as the location for public inspection of the applications.
  • The Board's Freedom of Information Office can be contacted at https://www.federalreserve.gov/foia/request.htm.
  • The Board of Governors of the Federal Reserve System is responsible for reviewing the applications.

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