Notice2023-03226
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Primary source
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Published
February 15, 2023
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 88 Issue 31 (Wednesday, February 15, 2023)</title>
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[Federal Register Volume 88, Number 31 (Wednesday, February 15, 2023)]
[Notices]
[Page 9882]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-03226]
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Bank Holding
Companies
The companies listed in this notice have applied to the Board for
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C.
1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other
applicable statutes and regulations to become a bank holding company
and/or to acquire the assets or the ownership of, control of, or the
power to vote shares of a bank or bank holding company and all of the
banks and nonbanking companies owned by the bank holding company,
including the companies listed below.
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 the BHC Act (12 U.S.C. 1842(c)). If the proposal also
involves the acquisition of a nonbanking company, the review also
includes whether the acquisition of the nonbanking company complies
with the standards in section 4 of the BHC Act (12 U.S.C. 1843), and
interested persons may express their views in writing on the standards
enumerated in section 4. Unless otherwise noted, nonbanking activities
will be conducted throughout the United States.
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 March 13, 2023.
A. Federal Reserve Bank of Minneapolis (Stephanie Weber, Assistant
Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291.
Comments can also be sent electronically to <a href="/cdn-cgi/l/email-protection#cb868a8ba6bba7b8e5adb9a9e5a4b9ac"><span class="__cf_email__" data-cfemail="400d01002d302c336e2632226e2f3227">[email protected]</span></a>:
1. GBH Inc., Breslau, Ontario, Canada; VersaBank, London, Ontario,
Canada, and its wholly owned subsidiary, VersaHoldings US Corp.
(VersaHoldings), Wilmington, Delaware; to become bank holding companies
by acquiring Stearns Bank Holdingford National Association,
Holdingford, Minnesota. In addition, GBH Inc.,VersaBank, and
VersaHoldings, through VersaFinance US Corp., London, Ontario, Canada;
to engage de novo in extending credit and servicing loans pursuant to
section 225.28(b)(1) of Regulation Y. This corrects and replaces item B
of the notice document in 88 FR 8863 (February 10, 2023).
Board of Governors of the Federal Reserve System.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2023-03226 Filed 2-14-23; 8:45 am]
BILLING CODE P
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