[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]
BILLING CODE P