Notice2021-20045
Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 16, 2021
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 86 Issue 177 (Thursday, September 16, 2021)</title>
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[Federal Register Volume 86, Number 177 (Thursday, September 16, 2021)]
[Notices]
[Page 51671]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-20045]
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Savings and Loan
Holding Companies
The companies listed in this notice have applied to the Board for
approval, pursuant to the Home Owners' Loan Act (12 U.S.C. 1461 et
seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12
CFR part 239), and all other applicable statutes and regulations to
become a savings and loan holding company and/or to acquire the assets
or the ownership of, control of, or the power to vote shares of a
savings association.
The public portions of the applications listed below, as well as
other related filings required by the Board, if any, are available for
immediate inspection at the Federal Reserve Bank(s) indicated below and
at the offices of the Board of Governors. This information may also be
obtained on an expedited basis, upon request, by contacting the
appropriate Federal Reserve Bank and from the Board's Freedom of
Information Office at <a href="https://www.federalreserve.gov/foia/request.htm">https://www.federalreserve.gov/foia/request.htm</a>.
Interested persons may express their views in writing on whether the
proposed transaction complies with the standards enumerated in the HOLA
(12 U.S.C. 1467a(e)).
Comments regarding each of these applications must be received at
the Reserve Bank indicated or the offices of the Board of Governors,
Ann E. Misback, Secretary of the Board, 20th Street and Constitution
Avenue NW, Washington DC 20551-0001, not later than October 18, 2021.
A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521. Comments can also be sent electronically to
<a href="/cdn-cgi/l/email-protection#5c1f3331313932282f723d2c2c30353f3d283533322f1c2c343530723a2e3e72332e3b"><span class="__cf_email__" data-cfemail="dd9eb2b0b0b8b3a9aef3bcadadb1b4bebca9b4b2b3ae9dadb5b4b1f3bbafbff3b2afba">[email protected]</span></a>:
1. Ponce Bank Mutual Holding Company, Bronx, New York; to convert
from mutual to stock form. As part of the conversion, Ponce Bank Mutual
Holding Company and PDL Community Bancorp, an existing mid-tier savings
and loan holding company, will cease to exist and Ponce Bank, will
become a wholly-owned subsidiary of Ponce Financial Group, Inc., all of
the Bronx, New York, a newly formed Maryland corporation, which has
applied to become a savings and loan holding company, pursuant to
section 10(e) of HOLA, by acquiring Ponce Bank.
Board of Governors of the Federal Reserve System, September 13,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-20045 Filed 9-15-21; 8:45 am]
BILLING CODE P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.