Federal Reserve Notice on Bank Holding Company Formations and Acquisitions

Summary

On August 17, 2026, the Federal Reserve issued a notice listing companies applying to become bank holding companies or acquire bank assets, as authorized under the Bank Holding Company Act and Regulation Y. The notice invites public comments by September 16, 2026, and provides access to application materials. This informational notice helps industry stakeholders monitor pending formation and acquisition applications affecting the banking sector.

Key takeaways

The Federal Reserve published a notice detailing pending applications to become or acquire bank holding companies, consistent with the Bank Holding Company Act and Regulation Y.
Applications and related filings are available for public inspection at designated Federal Reserve Banks and the Board of Governors' offices.
Public comments on the applications are invited and must be received by September 16, 2026, directed to the identified Reserve Banks or Board offices.
Comments become publicly available and may contain identifying information; submitters should avoid confidential information in comments.
The notice specifically lists Silver Queen Financial Services, Inc., seeking to become a bank holding company by acquiring Colorado Federal Savings Bank.
The notice is informational and does not indicate approvals, denials, or regulatory changes at this time.

Article

Overview of the Federal Reserve Notice

On August 17, 2026, the Federal Reserve published a notice concerning applications filed under the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) and Regulation Y (12 CFR part 225). The notice informs the public about companies seeking approval to form bank holding companies or acquire control of existing banks or bank holding companies. It provides transparency on such applications as part of the Federal Reserve's regulatory oversight.

Access to Application Materials

The public portions of the applications and other related filings are available for inspection at the Federal Reserve Banks specified in the notice and at the Board of Governors' offices. Interested parties may also request expedited access by contacting the respective Federal Reserve Bank or the Board's Freedom of Information Office.

Public Comment Invitation and Process

The notice invites the public to submit written comments on the applications based on criteria specified in the Bank Holding Company Act (12 U.S.C. 1842(c)). Comments must be received no later than September 16, 2026. They should be sent to the relevant Federal Reserve Bank or to the Board's Secretary. Comments will be publicly disclosed without modification, including any personal or business identifying information; therefore, submitters should avoid confidential or sensitive information.

Specific Application Highlighted

Among the applications listed, Silver Queen Financial Services, Inc., located in Greenwood Village, Colorado, has applied to become a bank holding company by acquiring Colorado Federal Savings Bank, also located in Greenwood Village. This example illustrates the type of corporate activity subject to Federal Reserve approval.

Implications and Status

This notice does not indicate any regulatory or supervisory action taken on the applications. It serves an informational and procedural purpose, communicating ongoing application reviews and facilitating stakeholder engagement via the public comment process. No compliance or testing mandates arise directly from this notice.

Primary source

Formations of, Acquisitions by, and Mergers of Bank Holding Companies · Notice · 2026-08-17

Important note

This article is informational. It does not provide legal advice, determine legal applicability, or require a change to any specific compliance test. Regulatory status and source materials should be reviewed before relying on the article for operational decisions.