Federal Reserve Receives BHC Formation and Acquisition Applications
Bonanza Valley Acquisitions and other firms must await Board approval after comments due by Nov. 23, 2026
The Board of Governors of the Federal Reserve System has announced receipt of applications to form, acquire, or merge bank holding companies under the Bank Holding Company Act of 1956 and Regulation Y. The notice lists Bonanza Valley Acquisitions, Inc., of Brooten, Minnesota, which seeks to become a bank holding company by acquiring Bonanza Valley State Bank.
The public may submit written comments on the applications to the Federal Reserve Bank of Minneapolis, 90 Hennepin Avenue, Minneapolis, Minnesota, or to the Board's Washington office at 20th Street and Constitution Avenue NW. All comments must be received no later than November 23, 2026. The Minneapolis contact is Mark Nagle, Assistant Vice President, and electronic comments may be sent to the address provided in the notice.
Public portions of the filings are available for immediate inspection at the indicated Federal Reserve Bank and at the Board's offices. Expedited copies can be requested from the appropriate Reserve Bank or the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
Comments will be disclosed publicly without alteration, except for removal of personal, business, or confidential identifying information. Commenters are advised not to include information that would be inappropriate for public disclosure.
The notice, filed as FR Doc 2026-21626 on October 21, 2026 and published in the Federal Register on October 22, 2026, is signed by Michele Taylor Fennell, Associate Secretary of the Board, with Benjamin W. McDonough listed as Secretary of the Board.
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