Federal Reserve System Reviews Applications for Bank Holding Company Formation and Acquisitions Involving New York
May 08, 2025
May 08, 2025
WASHINGTON, May 8 (TNSFR) -- The Federal Reserve System announced several applications under the Bank Holding Company Act of 1956, as well as Regulation Y, for the formation of new bank holding companies and acquisitions of bank assets.
Ponce Financial Group, Inc., based in the Bronx, New York, has applied to become a bank holding company by acquiring Ponce Bank, also located in the Bronx, upon the bank's conversion from a federal savings bank to a national bank. This transiti . . .
Ponce Financial Group, Inc., based in the Bronx, New York, has applied to become a bank holding company by acquiring Ponce Bank, also located in the Bronx, upon the bank's conversion from a federal savings bank to a national bank. This transiti . . .