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Federal Reserve Considers Bank Control Change for Monticello Bancshares
March 12, 2025
WASHINGTON, March 12 (TNSFR) -- The Federal Reserve has received an application under the Change in Bank Control Act from a group of individuals and trusts seeking to acquire voting shares of Monticello Bancshares, Inc., and thereby gain indirect control of the Bank of Monticello, both based in Monticello, Missouri.

The application, submitted by the Leland Phillips and Peggy Phillips Living Trust, includes trustees and beneficiaries from Missouri, Arizona, and North Carolina, as we . . .

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