Federal Reserve lists new family control groups seeking voting shares of banks

The Board of Governors of the Federal Reserve System published a Change in Bank Control notice (FR Doc No. 2026-22205, filed Oct. 29, 2026) identifying applicants who have sought approval under the Change in Bank Control Act and Regulation Y to acquire voting shares of specific banks. The notice lists two Federal Reserve Banks - Minneapolis and San Francisco - as the points of contact for comment submissions.

At the Minneapolis Reserve Bank, the Regan Family Control Group, comprising a series of trusts and co-trustees named in the filing, applied to acquire voting shares of PB Bancshares Inc. ("PBBI") and, indirectly, Premier Bank, both located in Maplewood, Minnesota. The group includes the MOR GST Trust, MOR Non-GST Trust, 2026 COR Irrevocable Trust, 2026 MMW Irrevocable Trust, 2026 GOR Irrevocable Trust, 2026 AJM Irrevocable Trust, KJR GST Trust, KJR Non-GST Trust, SOR-MDR GST Trust, SOR-MDR Non-GST Trust, KJN GST Trust, KJN Non-GST Trust, DOR GST Trust, DOR Non-GST Trust, POR Non-GST Trust, CMR GST Trust, and CMR Non-GST Trust, with trustees Michael O. Regan, Patrick O. Regan, Kelly J. Regan, Colleen M. Regan, Sean O. Regan, and Katie J. Nath identified as members of the control group.

Also at the Minneapolis Reserve Bank, Zachary Watson and Christopher Watson filed to join the Watson Family Control Group to retain voting shares of Security State Bank Holding Company and, indirectly, Bank Forward, both of Fargo, North Dakota.

At the San Francisco Reserve Bank, the Scott M. Browning Legacy Trust, with trustees Sally W. Browning and Robert Tanzer Wallace Browning, applied to join the Browning Family Control Group to retain voting shares of First Utah Bancorporation and First Utah Bank, both of Salt Lake City, Utah. Sally W. Browning has previously been permitted to acquire and retain those shares.

Comments on any of the applications must be submitted to the indicated Reserve Bank or to the Board's Secretary, Benjamin W. McDonough, at the Board's Washington address, no later than Nov. 16, 2026. Submissions may be mailed or sent electronically to the addresses provided in the notice. All comments are subject to public disclosure, with personal or business identifiers retained as filed.