Federal Reserve Reviews Employee Ownership Plan Acquisition of McGregor Bancshares
January 15, 2026
January 15, 2026
WASHINGTON, Jan. 15 (TNSFR) -- The Federal Reserve System is reviewing an application from a Texas-based employee stock ownership plan to acquire a significant stake in a local bank holding company. The notification was filed under the Change in Bank Control Act, which requires federal oversight when individuals or groups seek to acquire a controlling interest in a banking institution.
The First National Bank of McGregor Employee Stock Ownership Plan, along with David Littlewood and . . .
The First National Bank of McGregor Employee Stock Ownership Plan, along with David Littlewood and . . .