[Federal Register Volume 88, Number 28 (Friday, February 10, 2023)]
[Notices]
[Page 8863]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-02901]


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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 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 March 13, 2023.
    A. Federal Reserve Bank of New York (Ivan J. Hurwitz, Head of Bank 
Applications) 33 Liberty Street, New York, New York 10045-0001. 
Comments can also be sent electronically to 
[email protected]:
    1. SNBNY Holdings Limited, Gibraltar, and Safra New York 
Corporation, New York, New York; to acquire Delta North Bankcorp, Inc., 
and thereby indirectly acquire Delta National Bank and Trust Company, 
both of New York, New York.
    B. Federal Reserve Bank of Minneapolis (Stephanie Weber, Assistant 
Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291. 
Comments can also be sent electronically to [email protected]:
    1. GBH Inc., Breslau, Ontario, Canada; VersaBank, London, Ontario, 
Canada, and its wholly owned subsidiary, VersaHoldings US Corp. 
(VersaHoldings), Wilmington, Delaware; to become bank holding companies 
by acquiring Stearns Financial Services, Inc., Saint Cloud, Minnesota, 
and thereby indirectly acquire Stearns Bank of Holdingford, National 
Association, Holdingford, Minnesota.
    In addition, GBH Inc.,VersaBank, and VersaHoldings, through 
VersaFinance US Corp., London, Ontario, Canada; to engage de novo in 
extending credit and servicing loans pursuant to section 225.28(b)(1) 
of Regulation Y.

    Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-02901 Filed 2-9-23; 8:45 am]
BILLING CODE P