Federal Register #2026-18762

Notice of Applications for Formation, Acquisition, and Merger of Bank Holding Companies

This opportunity involves a notice from the Federal Reserve System regarding applications for the formation, acquisition, and merger of bank holding companies. - Government Buyer: - Federal Reserve System - Board of Governors of the Federal Reserve System - Companies Mentioned: - TabaPay, Inc. (Palo Alto, California) - Seeking to acquire Transact Bank, National Association (Denver, Colorado) - Plans to engage in data processing and money transmission activities through subsidiaries - Keystone Financial Corporation (South Jordan, Utah) - Proposes to engage in extending credit and servicing loans - Dorado Bank Financial Holdings Corp (San Juan, Puerto Rico) - Seeking to acquire Dorado Bank - Products/Services Requested: - No products or services are being procured; the notice pertains to regulatory approval for financial institution actions - Unique/Notable Requirements: - Applications are subject to the Bank Holding Company Act of 1956 and Regulation Y - Public comments are invited on these applications - Application materials are available for inspection at Federal Reserve Banks and the Board of Governors - No OEMs or vendors are involved, as this is not a procurement opportunity

Description

This notice from the Federal Reserve System announces applications by companies seeking approval to become bank holding companies or to acquire ownership or control of banks or bank holding companies. It includes details on the regulatory framework under the Bank Holding Company Act and Regulation Y, and invites public comments on these applications. The notice also covers proposals to engage in permissible nonbanking activities related to banking. Interested parties can inspect application materials at Federal Reserve Banks and the Board of Governors, and submit comments by specified deadlines.

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