Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies, 39848 [2023-13058]
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39848
Federal Register / Vol. 88, No. 117 / Tuesday, June 20, 2023 / Notices
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[FR Doc. 2023–13194 Filed 6–15–23; 4:15 pm]
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FEDERAL RESERVE SYSTEM
lotter on DSK11XQN23PROD with NOTICES1
Formations of, Acquisitions by, and
Mergers of Savings and Loan Holding
Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Home Owners’ Loan Act
(12 U.S.C. 1461 et seq.) (HOLA),
Regulation LL (12 CFR part 238), and
Regulation MM (12 CFR part 239), and
all other applicable statutes and
regulations to become a savings and
loan holding company and/or to acquire
the assets or the ownership of, control
of, or the power to vote shares of a
savings association.
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
VerDate Sep<11>2014
16:52 Jun 16, 2023
Jkt 259001
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
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on
whether the proposed transaction
complies with the standards
enumerated in the HOLA (12 U.S.C.
1467a(e)). 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 10(c)(4)(B) of the
HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 July 20, 2023.
A. Federal Reserve Bank of
Philadelphia (William Spaniel, Senior
Vice President) 100 North 6th Street,
Philadelphia, Pennsylvania 19105–
1521. Comments can also be sent
electronically to
Comments.applications@phil.frb.org.
1. Cambray Mutual Holding
Company, Gouverneur, New York; to
convert from mutual to stock form. As
part of the conversion, Cambray Mutual
Holding Company and Gouverneur
Bancorp, Inc., an existing mid-tier
savings and loan holding company, will
cease to exist and Gouverneur Savings
and Loan Association, both of
Gouverneur, New York, will become a
wholly owned subsidiary of a newly
formed Maryland corporation also
named Gouverneur Bancorp, Inc., which
has applied to become a savings and
loan holding company, pursuant to
section 10(e) of HOLA, by acquiring
Gouverneur Savings and Loan
Association.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (Act) (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
applications are set forth in paragraph 7
of the Act (12 U.S.C. 1817(j)(7)).
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
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on the
standards enumerated in paragraph 7 of
the Act.
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 July 5, 2023.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414.
Comments can also be sent
electronically to
Comments.applications@chi.frb.org:
1. Stilwell Activist Investments, L.P.,
Stilwell Activist Fund, L.P., and Stilwell
Partners, L.P., together known as The
Stilwell Group, Stilwell Value LLC, as
general partner of each of the limited
partnerships, all of New York, New
York; and Joseph D. Stilwell, San Juan,
Puerto Rico, as managing member of
Stilwell Value LLC; a group acting in
concert, to acquire additional voting
shares of Ottawa Bancorp, Inc. and
thereby indirectly acquire voting shares
of OSB Community Bank, both of
Ottawa, Illinois.
[FR Doc. 2023–13058 Filed 6–16–23; 8:45 am]
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
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[FR Doc. 2023–13059 Filed 6–16–23; 8:45 am]
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Agencies
[Federal Register Volume 88, Number 117 (Tuesday, June 20, 2023)]
[Notices]
[Page 39848]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-13058]
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Savings and Loan
Holding Companies
The companies listed in this notice have applied to the Board for
approval, pursuant to the Home Owners' Loan Act (12 U.S.C. 1461 et
seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12
CFR part 239), and all other applicable statutes and regulations to
become a savings and loan holding company and/or to acquire the assets
or the ownership of, control of, or the power to vote shares of a
savings association.
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 https://www.federalreserve.gov/foia/request.htm.
Interested persons may express their views in writing on whether the
proposed transaction complies with the standards enumerated in the HOLA
(12 U.S.C. 1467a(e)). 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
10(c)(4)(B) of the HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 July 20, 2023.
A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521. Comments can also be sent electronically to
[email protected].
1. Cambray Mutual Holding Company, Gouverneur, New York; to convert
from mutual to stock form. As part of the conversion, Cambray Mutual
Holding Company and Gouverneur Bancorp, Inc., an existing mid-tier
savings and loan holding company, will cease to exist and Gouverneur
Savings and Loan Association, both of Gouverneur, New York, will become
a wholly owned subsidiary of a newly formed Maryland corporation also
named Gouverneur Bancorp, Inc., which has applied to become a savings
and loan holding company, pursuant to section 10(e) of HOLA, by
acquiring Gouverneur Savings and Loan Association.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-13058 Filed 6-16-23; 8:45 am]
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