Formations of, Acquisitions by, and Mergers of Bank Holding Companies

Issuing agencies

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<title>Federal Register, Volume 91 Issue 206 (Tuesday, October 27, 2026)</title>
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[Federal Register Volume 91, Number 206 (Tuesday, October 27, 2026)]
[Notices]
[Pages 67578-67579]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-21894]


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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 received are subject to public disclosure. In general, 
comments received will be made available without change and will not be 
modified to remove personal or business information including 
confidential, contact, or other identifying information. Comments 
should not include any information such as confidential information 
that would not be appropriate for public disclosure.
    Comments regarding each of these applications must be received at 
the Reserve Bank indicated or the offices of the Board of Governors, 
Benjamin W. McDonough, Secretary of the Board, 20th Street and 
Constitution Avenue NW, Washington, DC 20551-0001, not later than 
November 27, 2026.
    A. Federal Reserve Bank of San Francisco (Keith Dudley, Vice

[[Page 67579]]

President) 101 Market Street, San Francisco, California 94105-1579. 
Comments can also be sent electronically to 
<a href="/cdn-cgi/l/email-protection#ca998ce499bfbaafb8bca3b9a3a5a4e489a5a7a7afa4beb9e48bbabaa6a3a9abbea3a5a4b98ab9ace4acb8a8e4a5b8ad"><span class="__cf_email__" data-cfemail="83d0c5add0f6f3e6f1f5eaf0eaecedadc0eceeeee6edf7f0adc2f3f3efeae0e2f7eaecedf0c3f0e5ade5f1e1adecf1e4">[email&#160;protected]</span></a>:
    1. Upstart Holdings, Inc., Burlingame, California; to become a bank 
holding company by acquiring Upstart Bank, National Association, 
Wilmington, Delaware, and to retain UP SP Gemini JV LLC, Dover, 
Delaware; Upstart Network, Inc., ACM Uprise Direct Borrower Trust II, 
ACM Uprise Direct Purchaser Trust, ACM Upstart Uprise 2024 JV LLC, BOAC 
ACM Uprise GS Pledgor LLC, BOAC Up Owl Night E 2025 JV LLC, BOAC Up Owl 
Night E Purchaser Trust, CB UNI Consumer Intermediate LLC, CB UNI 
Consumer JV LLC, CB UNI Consumer Trust, CB UNI Flow Intermediate LLC, 
CB UNI Flow JV LLC, CB UNI Flow Trust, CF UPST Holdings 2 LLC, CF UPST 
Holdings LLC, CF UPST Trust, CF UPST Trust 2, CF USPL Trust 2026-1, 
Mars Downstop Loan Holding Trust, Mars Downstop Loan Holding Trust II, 
Mars Downstop Loan Holding Trust II-B, Mars Downstop Loan Holding Trust 
II-C, Mars Downstop Loan Holding Trust II-D, Mars Downstop Loan Holding 
Trust II-E, Mars Downstop Loan Purchaser Trust, Mars Downstop Loan 
Purchaser Trust II, UAT III Depositor Trust, UAT IV Depositor Trust, 
UAT IV Grantor Trust, Series 2026-A1, UP Da Vinci JV LLC, UP Da Vinci 
Purchaser Trust, UP Dogwood Trust, UP Green Ash Trust, UP Juniper JV 
LLC, UP Juniper Purchaser Trust, UP Michelangelo Trust, UP Palm Trust, 
UP Raphael Trust, UP SP Gemini Funding Trust, UP SP Gemini Purchaser 
Trust, Upstart Asset Trust III, Upstart Asset Trust IV, Upstart Auto 
Trust, Upstart Auto Warehouse Trust 2, Upstart Auto, LLC, Upstart 
Funding Grantor Trust 2023-2, Upstart Funding Grantor Trust 2023-3, 
Upstart Funding Grantor Trust 2024-1, Upstart Funding Grantor Trust 
2025-1, Upstart Funding Grantor Trust 2025-2, Upstart Funding Grantor 
Trust 2025-3, Upstart Funding Grantor Trust 2025-4, Upstart Funding 
Grantor Trust 2026-1, Upstart Funding Grantor Trust 2026-2, Upstart 
Funding Grantor Trust 2026-3, Upstart Funding Grantor Trust 2026-4, 
Upstart Funding II, LLC, Upstart Funds GP, LLC, Upstart Gemini Reserve 
Trust, Upstart HELOC Borrower I, LLC, Upstart HELOC Trust, Upstart Loan 
Trust, Upstart Loan Trust 2, Upstart Network Trust, Upstart Purchaser 
Trust, Upstart RR Funding 2019-1, LLC, Upstart RR Funding 2019-2, LLC, 
Upstart Securitization Trust 2023-2, Upstart Securitization Trust 2023-
3, Upstart Securitization Trust 2024-1, Upstart Securitization Trust 
2025-1, Upstart Securitization Trust 2025-2, Upstart Securitization 
Trust 2025-3, Upstart Securitization Trust 2025-4, Upstart 
Securitization Trust 2026-1, Upstart Securitization Trust 2026-2, 
Upstart Securitization Trust 2026-3, Upstart Securitization Trust 2026-
4, Upstart Small Dollar Loan Trust, Upstart Ursa Trust, Upstart Ursa 
Trust II, Upstart Ursa Trust III, Upstart Ursa Trust IV, Virgo Reserve 
Trust, WUP Auto Copia LLC, and WUP Auto Copia Purchaser Trust, all of 
Wilmington, Delaware, and thereby extend credit and service loans 
pursuant to section 225.28(b)(1), engage in asset management, 
servicing, and collection activities pursuant to section 
225.28(b)(2)(vi), and engage in data processing, storing, and 
furnishing services pursuant to section 225.28(b)(14)(i)(A) of 
Regulation Y.

    Board of Governors of the Federal Reserve System.
Benjamin W. McDonough,
Secretary of the Board.
[FR Doc. 2026-21894 Filed 10-26-26; 8:45 am]
BILLING CODE 6210-01-P


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