Federal Reserve System Announces Proposals for Nonbanking Activities by Community Bankshares, Inc.
May 02, 2025
May 02, 2025
WASHINGTON, May 2 (TNSFR) -- The Federal Reserve System has published a notice regarding a proposal from Community Bankshares, Inc., based in LaGrange, Georgia, under Docket No. 2025-07545.
The company, through its wholly-owned subsidiary, Phoenix Lender Services, LLC, has requested approval to engage de novo in extending credit and servicing loans. This request is in compliance with Section 225.28(b)(1) of Regulation Y of the Bank Holding Company Act, which governs permissible non . . .
The company, through its wholly-owned subsidiary, Phoenix Lender Services, LLC, has requested approval to engage de novo in extending credit and servicing loans. This request is in compliance with Section 225.28(b)(1) of Regulation Y of the Bank Holding Company Act, which governs permissible non . . .