Regulatory Alerts2026-05-15
Federal Reserve Board Approves Stephen M. Calk 2025 Trust Application to Form Savings and Loan Holding Company
The Federal Reserve Board approved the Stephen M. Calk 2025 Trust’s application to become a savings and loan holding company by acquiring National Bancorp Holdings, Inc. and its subsidiary, The Federal Savings Bank. The Board determined that the transaction satisfies competitive, financial, and managerial requirements, noting that the resulting entity remains well capitalized, faces no significant antitrust concerns, and requires no operational integration. Addressing public comments regarding fair lending and the applicant’s criminal conviction, the Board confirmed that FS Bank maintains a satisfactory Community Reinvestment Act rating and that Mr. Calk’s compliance with banking prohibitions ensures sound governance.
Share