Federal Reserve posts two bank control applications for public comment
The notice invites comments by Nov. 6, 2026 on applications by the Brooks and Bushman family groups to acquire voting shares in Georgia and Minnesota banks.
The Federal Reserve Board issued a notice of two applications filed under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41). The applications seek approval to acquire voting shares of TCB Bancshares, Inc. and The Commercial Bank in Crawford, Georgia, and of First Southeastern Banc Group, Inc. and First Southeast Bank in Harmony, Minnesota. Comments must be received by November 6, 2026.
The first application, filed with the Federal Reserve Bank of Atlanta, is submitted by The Charles Clifford Brooks, Jr. Living Trust, Charles Clifford Brooks, Jr., as trustee, Justin D. Brooks, and the Robbie B. Paine and William F. Paine Living Trusts, all of Statham, Georgia. The parties intend to join the Brooks Family Control Group, a group acting in concert, to retain voting shares of TCB Bancshares, Inc., thereby indirectly retaining voting shares of The Commercial Bank. Comments may be sent to Erien O. Terry, Assistant Vice President, at 1000 Peachtree Street NE, Atlanta, GA 30309, or electronically to the address provided in the notice.
The second application, filed with the Federal Reserve Bank of Minneapolis, is submitted by the Jerome and Barbara Lifetime Bank Stock Revocable Trust dated December 5, 2023, as amended, and by Barbara A. Bushman, Tia G. Bushman, and Mitchell Bushman as trustees. The parties intend to join the Bushman Family Group, a group acting in concert, to retain voting shares of First Southeastern Banc Group, Inc., thereby indirectly retaining voting shares of First Southeast Bank. Comments may be sent to Mark Nagle, Assistant Vice President, at 90 Hennepin Avenue, Minneapolis, MN 55480-0291, or electronically to the address provided in the notice.
The public portions of both applications and any related filings required by the Board are available for immediate inspection at the respective Federal Reserve Banks and at the Board of Governors' offices. Comments are subject to public disclosure and should not contain confidential or personal identifying information.
The notice is signed by Michele Taylor Fennell, Associate Secretary of the Board, and filed as FR Doc 2026-21625 on October 21, 2026.
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