Federal Reserve reviews 1870 Holdings' merger with Rushville Bancshares

The Board of Governors of the Federal Reserve System has received an application from 1870 Holdings, Inc., Monmouth, Illinois, to merge with Rushville Bancshares, Inc. and thereby indirectly acquire Rushville State Bank, both located in Rushville, Illinois. The filing is made under the Bank Holding Company Act of 1956 and Regulation Y.

The public portions of the application, along with any related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank of Chicago and at the Board's offices in Washington, D.C. Interested persons may submit written comments on the statutory standards in 12 U.S.C. 1842(c) to the Reserve Bank of Chicago or to the Board of Governors, Benjamin W. McDonough, Secretary of the Board, no later than October 28, 2026.

Comments may be sent to the Federal Reserve Bank of Chicago, Christopher Koopmans, Senior Vice President, 230 South LaSalle Street, Chicago, Illinois 60690-1414, or electronically to the protected e-mail address provided in the notice. All comments are subject to public disclosure and should not contain confidential or proprietary information.

The notice is signed by Michele Taylor Fennell, Associate Secretary of the Board, and is identified as FR Doc 2026-19759, filed September 25, 2026. It appears in the Federal Register, volume 91, number 186, page 61229.

The Board will evaluate the application against the standards enumerated in the BHC Act before rendering a decision on the proposed merger and acquisition.