[Federal Register Volume 85, Number 216 (Friday, November 6, 2020)]
[Notices]
[Pages 71076-71077]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-24676]


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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 https://www.federalreserve.gov/foia/request.htm. 
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

[[Page 71077]]

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 December 7, 2020.
    A. Federal Reserve Bank of San Francisco (Sebastian Astrada, 
Director, Applications) 101 Market Street, San Francisco, California 
94105-1579:
    1. Broadway Financial Corporation, Los Angeles, California; to 
become a bank holding company by acquiring 100 percent of CFBanc 
Corporation and thereby indirectly acquiring City First Bank of D.C., 
N.A., both of Washington, DC, and also to retain its current thrift 
subsidiary, Broadway Federal Bank, FSB, Los Angeles, California, for a 
moment in time and thereby engage in nonbanking activities.
    2. City First Enterprises, Inc., Washington, DC, to acquire 
Broadway Financial Corporation, Los Angeles, California, and also to 
acquire Broadway Federal Bank, FSB, also of Los Angeles, for a moment 
in time and thereby engage in nonbanking activities.

    Board of Governors of the Federal Reserve System, November 2, 
2020.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2020-24676 Filed 11-5-20; 8:45 am]
BILLING CODE P