[Federal Register Volume 88, Number 164 (Friday, August 25, 2023)]
[Notices]
[Page 58269]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-18371]


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FEDERAL RESERVE SYSTEM


Notice of Proposals to Engage in or to Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
Sec.  225.28 of Regulation Y (12 CFR 225.28) or that the Board has 
determined by Order to be closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, these activities 
will be conducted throughout the United States.
    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 question 
whether the proposal complies with the standards of section 4 of the 
BHC Act.
    Unless otherwise noted, comments regarding the 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 
September 11, 2023.
    A. Federal Reserve Bank of Richmond (Brent B. Hassell, Assistant 
Vice President) P.O. Box 27622, Richmond, Virginia 23261. Comments can 
also be sent electronically to [email protected]:
    1. Piedmont Financial Holding Company, Winston-Salem, North 
Carolina; to acquire Wake Forest Bancorp, M.H.C., and Wake Forest 
Bancshares, Inc., and thereby indirectly acquire Wake Forest Federal 
Savings and Loan Association, all of Wake Forest, North Carolina, and 
thereby engage in operating a savings association pursuant to Section 
225.28(b)(4)(ii) of Regulation Y.

    Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-18371 Filed 8-24-23; 8:45 am]
BILLING CODE 6210-01-P