Fed issues notice on Security Bancshares acquisition proposal
Security Bancshares and related parties must consider public comments by Nov. 9, 2026 on the proposed lending and debt-acquisition activities.
The Federal Reserve System published a notice (FR Doc 2026-21692, Vol. 91 No. 204, Oct. 23, 2026) announcing proposals to engage in or acquire companies that conduct permissible nonbanking activities under section 4 of the Bank Holding Company Act and Regulation Y.
The notice lists Security Bancshares Corporation, Wewoka, Oklahoma, proposing to engage in lending activities pursuant to section 225.28(b)(1) of Regulation Y and to acquire debt in default pursuant to section 225.28(b)(vii).
Public portions of the applications are available for inspection at the Federal Reserve Bank of Kansas City and the Board of Governors offices. Interested parties may submit comments to the Kansas City Reserve Bank or to the Board of Governors, Benjamin W. McDonough, Secretary of the Board, at the address listed, no later than Nov. 9, 2026.
Comments will be made publicly available without change, except for removal of confidential or identifying information, and will be considered in determining compliance with the standards of section 4 of the BHC Act.
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