Hallo!
In brief... Cold bending will likely snap it off before it straightens. (Much depends on how it was hardened and tempered back.
It could be hearted, and heat bent. Then rehardened. And redrawn. (But if you reposition the spring pin, you will need to redo the spring's pin hole to match.)
IF the problem is it is not securing the band, you may just get by by adding a thin "shim" of wood or cardboard under the band spring in its mortise which will raise the height and compression a bit.
Curt
Curt Schmidt
Formerly 17 years a Sherman's Bodyguard
Married to a descendant of Senator John Sherman's wife
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