Notice2022-25351

Change in Bank Control Notices; Acquisitions of Shares of a Savings and Loan Holding Company

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Published
November 21, 2022

Issuing agencies

Federal Reserve System

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<title>Federal Register, Volume 87 Issue 223 (Monday, November 21, 2022)</title>
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[Federal Register Volume 87, Number 223 (Monday, November 21, 2022)]
[Notices]
[Page 70817]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-25351]


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FEDERAL RESERVE SYSTEM


Change in Bank Control Notices; Acquisitions of Shares of a 
Savings and Loan Holding Company

    The notificants listed below have applied under the Change in Bank 
Control Act (``Act'') (12 U.S.C. 1817(j)) and of the Board's Regulation 
LL (12 CFR 238.31) to acquire shares of a savings and loan holding 
company. The factors that are considered in acting on the notices are 
set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
    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 the standards 
enumerated in paragraph 7 of the Act.
    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 December 6, 2022.
    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#b4f7dbd9d9d1dac0c79ad5c4c4d8ddd7d5c0dddbdac7f4c4dcddd89ad2c6d69adbc6d3"><span class="__cf_email__" data-cfemail="c784a8aaaaa2a9b3b4e9a6b7b7abaea4a6b3aea8a9b487b7afaeabe9a1b5a5e9a8b5a0">[email&#160;protected]</span></a>:
    1. The Estate of Steven B. Schnall, Sherri Silver Schnall as 
Preliminary Executor, both of New York, New York; to retain voting 
shares of Quontic Bank Acquisition Corp., and Quontic Bank Holdings 
Corp., and thereby indirectly retain voting shares of Quontic Bank, all 
of New York, New York.
    In addition, the Schnall Disclaimer Trust A, Sherri Silver Schnall, 
individually and as co-trustee, both of New York, New York, with Amie 
Hoffman, as co-trustee, New Hope, Pennsylvania; the Sherri S. Schnall 
Family Irrevocable Trust, Amie Hoffman as trustee, both of New Hope, 
Pennsylvania; to acquire voting shares of Quontic Bank Acquisition 
Corp., and Quontic Bank Holdings Corp., and thereby indirectly acquire 
voting shares of Quontic Bank. Accordingly, all notificants in this 
notice to become a group acting in concert.

    Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-25351 Filed 11-18-22; 8:45 am]
BILLING CODE P


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Indexed from Federal Register on November 21, 2022.

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.