Notice2023-18371
Notice of Proposals to Engage in or to Acquire Companies Engaged in Permissible Nonbanking Activities
Primary source
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Published
August 25, 2023
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 88 Issue 164 (Friday, August 25, 2023)</title>
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[Federal Register Volume 88, Number 164 (Friday, August 25, 2023)]
[Notices]
[Page 58269]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-18371]
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FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in or to Acquire Companies Engaged
in Permissible Nonbanking Activities
The companies listed in this notice have given notice under section
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or
control voting securities or assets of a company, including the
companies listed below, that engages either directly or through a
subsidiary or other company, in a nonbanking activity that is listed in
Sec. 225.28 of Regulation Y (12 CFR 225.28) or that the Board has
determined by Order to be closely related to banking and permissible
for bank holding companies. Unless otherwise noted, these activities
will be conducted throughout the United States.
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 question
whether the proposal complies with the standards of section 4 of the
BHC Act.
Unless otherwise noted, comments regarding the 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
September 11, 2023.
A. Federal Reserve Bank of Richmond (Brent B. Hassell, Assistant
Vice President) P.O. Box 27622, Richmond, Virginia 23261. Comments can
also be sent electronically to <a href="/cdn-cgi/l/email-protection#d596bab8b8b0bba1a6fbb4a5a5b9bcb6b4a1bcbabba695a7bcb6bdfbb3a7b7fbbaa7b2"><span class="__cf_email__" data-cfemail="52113d3f3f373c26217c3322223e3b3133263b3d3c2112203b313a7c3420307c3d2035">[email protected]</span></a>:
1. Piedmont Financial Holding Company, Winston-Salem, North
Carolina; to acquire Wake Forest Bancorp, M.H.C., and Wake Forest
Bancshares, Inc., and thereby indirectly acquire Wake Forest Federal
Savings and Loan Association, all of Wake Forest, North Carolina, and
thereby engage in operating a savings association pursuant to Section
225.28(b)(4)(ii) of Regulation Y.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-18371 Filed 8-24-23; 8:45 am]
BILLING CODE 6210-01-P
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