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Press Release

Federal Reserve Press Release

Release Date: October 14, 2015

For release at 5:00 p.m. EDT

The Federal Reserve Board on Wednesday announced its approval of the application under sections 10(e) and 10(c) of the Home Owners' Loan Act, as amended, by Synchrony Financial, Stamford, Connecticut, to operate as a publicly owned savings and loan holding company and retain control of its subsidiary federal savings association, Synchrony Bank, Draper, Utah, and to continue to engage in certain business activities through its control of non-savings association subsidiaries.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Attachment (94 KB PDF)

Board Votes
Last update: October 14, 2015