Actions taken by the Federal Reserve Bank of New York under delegated authority

Bank Branches, Domestic
Empire State Bank, Newburgh, New York -- to establish branches at 6923 18th Avenue, Brooklyn, and 1698 Victory Boulevard, Staten Island (two applications).
- Approved, November 9, 2017
Banco Popular North America, New York, New York -- to establish a branch at 350 Southeast 2nd Street, Fort Lauderdale, Florida.
- Withdrawn, October 6, 2017
Metropolitan Commercial Bank, New York, New York -- to establish a branch at 1270 Lexington Avenue, New York.
- Approved, September 25, 2017
Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch at 162 Main Street, Paterson, New Jersey.
- Approved, September 13, 2017
Chemung Canal Trust Company, Elmira, New York -- to establish a branch at 3057 Route 50, Saratoga Springs.
- Approved, August 11, 2017
Peapack-Gladstone Bank, Bedminster, New Jersey -- to establish a mobile branch to serve in Essex, Hunterdon, Morris, Somerset, Union, and Hudson counties and portions of Middlesex County, all of New Jersey.
- Withdrawn, July 28, 2017
The Bank of New York Mellon, New York, New York -- to establish a branch at 101 Barclay Street, New York.
- Approved, July 27, 2017
Chemung Canal Trust Company, Elmira, New York -- to establish a branch at 3057 NYS Route 50, Wilton.
- Withdrawn, July 10, 2017
Chemung Canal Trust Company, Elmira, New York -- to establish a branch at 2 Rush Street, Schenectady.
- Approved, May 19, 2017
The Adirondack Trust Company, Saratoga Springs, New York -- to establish a branch at 51 Luther Forest Boulevard, Town of Malta.
- Approved, April 26, 2017
Banco Popular North America, New York, New York -- to establish a branch at 114 Washington Street, Hoboken, New Jersey.
- Approved, March 13, 2017
Banco Popular North America, New York, New York -- to establish a branch at 71-24 Austin Street, Forest Hills.
- Approved, February 10, 2017
Peapack-Gladstone Bank, Bedminster, New Jersey -- to establish a mobile branch to serve Essex, Hunterdon, Morris, Somerset, Union, and Hudson Counties and portions of Middlesex County.
- Withdrawn, February 7, 2017
Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch at 2460 Grand Concourse, Bronx.
- Approved, January 12, 2017
Bank Holding Companies
The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York -- to acquire additional shares of 473 Broadway Holding Corporation, Saratoga Springs, and of The Adirondack Trust Company.
- Approved, November 28, 2017
China Merchants Group Limited, Hong Kong SAR, People's Republic of China -- to engage de novo in extending credit, servicing loans, and leasing personal property through CIMC Leasing USA Inc., Oakbrook Terrace, Illinois.
- Approved, October 19, 2017
Valley National Bancorp, Wayne, New Jersey -- to merge with USAmeriBancorp, Clearwater, Florida, and thereby indirectly acquire USAmeriBank.
- Approved, October 2, 2017
Gold Coast Bancorp, Inc., Islandia, New York -- to become a bank holding company by acquiring Gold Coast Bank, Islandia.
- Approved, July 13, 2017
China Merchants Group Limited, Hong Kong, People's Republic of China -- to engage de novo in the leasing of personal property through CIMC Leasing USA Inc., Oakbrook Terrace, Illinois.
- Withdrawn, June 13, 2017
Gold Coast Bancorp, Inc., Islandia, New York -- to become a bank holding company by acquiring Gold Coast Bank, Islandia.
- Withdrawn, June 13, 2017
Fieldpoint Private Holdings, Inc., Greenwich, Connecticut -- to become a bank holding company by acquiring Fieldpoint Private Bank & Trust Company, Greenwich, and election to become a financial holding company; and for Fieldpoint Private Bank & Trust Company to become a member of the Federal Reserve System.
- Approved, March 22, 2017
PCSB Financial Corporation, Yorktown Heights, New York -- to become a bank holding company by acquiring PCSB Bank, Brewster.
- Approved, February 22, 2017
CRB Group, Inc., Teaneck, New Jersey -- to engage in extending credit and servicing loans.
- Withdrawn, February 14, 2017
New York Community Bancorp, Inc., Westbury, New York -- to acquire Astoria Financial Corporation, Lake Success, and indirectly acquire Astoria Bank, Long Island City, and thereby engage in extending credit, servicing loans, and operating a savings association.
- Withdrawn, January 3, 2017
Bank Mergers
Mizuho Bank (USA), New York, New York -- to merge with Mizuho Trust & Banking Co. (USA), New York, and thereby establish a branch.
- Approved, August 7, 2017
Bank Premises
The Adirondack Trust Company, Saratoga Springs, New York -- to make an investment in bank premises.
- Approved, September 14, 2017
The Adirondack Trust Company, Saratoga Springs, New York -- to make an additional investment in bank premises.
- Approved, April 26, 2017
Orange Bank & Trust Company, Middletown, New York -- to increase its investment in bank premises in connection with the relocation of a branch.
- Approved, April 14, 2017
Alden State Bank, Alden, New York -- to make an investment in bank premises.
- Approved, January 27, 2017
Extensions Of Time
Mizuho Bank (USA), New York, New York -- extension to December 31, 2017, to merge with Mizuho Trust & Banking Co. (USA), New York.
- Granted, November 3, 2017
The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York -- extension to December 19, 2017, to acquire additional shares of 473 Broadway Holding Corporation, Saratoga Springs, and of The Adirondack Trust Company.
- Granted, September 7, 2017
New York Private Bank & Trust Corporation, New York, New York -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, June 13, 2017
The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York -- extension to September 19, 2017, to acquire additional shares of 473 Broadway Holding Corporation, Saratoga Springs, and of The Adirondack Trust Company.
- Granted, June 13, 2017
JPMorgan Chase & Co., New York, New York -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, June 12, 2017
Crédit Agricole SA, Montrouge, France -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, June 9, 2017
BNP Paribas, Paris, France -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, June 5, 2017
Morgan Stanley, New York, New York -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, June 5, 2017
Tompkins Financial Corporation, Ithaca, New York -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, May 12, 2017
The Bank of New York Mellon Corporation, New York, New York -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, May 3, 2017
Dexia Credit Local - New York Branch, New York, New York -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, May 2, 2017
Norddeutsche Landesbank Girozentrale - New York Branch, New York, New York -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, May 2, 2017
UniCredit Bank AG, Munich, Germany -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, May 2, 2017
Landesbank Hessen-Thueringen Girozentrale, Frankfurt, Germany -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, May 1, 2017
Lloyds Banking Group plc, London, United Kingdom -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, May 1, 2017
Citigroup Inc., New York, New York -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, April 21, 2017
Credit Suisse AG, Zurich, Switzerland -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, April 18, 2017
Popular, Inc., San Juan, Puerto Rico -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, April 18, 2017
The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York -- extension to June 19, 2017, to acquire additional shares of 473 Broadway Holding Corporation, Saratoga Springs, and of The Adirondack Trust Company.
- Granted, April 14, 2017
The Bessemer Group Incorporated, Woodbridge, New Jersey -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, April 11, 2017
Bank of Ireland, Stamford, Connecticut -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, April 10, 2017
United Overseas Bank Ltd., Singapore -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, April 10, 2017
The Bank of Nova Scotia, Toronto, Canada -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, April 6, 2017
M&T Bank Corporation, Buffalo, New York -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, April 4, 2017
CIT Group Inc., Livingston, New Jersey -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, March 30, 2017
The Royal Bank of Scotland Group plc, Edinburgh, United Kingdom -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, March 28, 2017
Canadian Imperial Bank of Commerce, Toronto, Canada -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, March 22, 2017
Sumitomo Mitsui Financial Group, Inc., Tokyo, Japan -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, March 21, 2017
Coöperatieve Rabobank U.A., Utrecht, Netherlands -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, March 20, 2017
People's United Financial, Inc., Bridgeport, Connecticut -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, March 17, 2017
The Goldman Sachs Group, Inc., New York, New York -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, March 8, 2017
Banks, Foreign
ABLV Bank, AS, Riga, Latvia -- to establish a representative office in Jersey City, New Jersey.
- Withdrawn, November 16, 2017
International Operations
The Bank of New York Mellon, New York, New York -- to make an investment under Regulation K.
- Approved, April 13, 2017
The Bank of New York Mellon, New York, New York -- to invest in indirect subsidiaries under Regulation K (two applications).
- Approved, February 17, 2017
Membership
The Bridgehampton National Bank, Bridgehampton, New York -- to retain membership in the Federal Reserve System on conversion to a state-chartered bank, BNB Bank.
- Approved, November 30, 2017
Banks, State Member
Goldman Sachs Bank, USA, New York, New York -- to make a public welfare investment.
- Withdrawn, August 17, 2017
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
- Withdrawn, August 11, 2017
Financial Holding Companies
Lyons Bancorp, Inc., Lyons, New York -- election to become a financial holding company.
- Effective, October 5, 2017

Last Update: December 7, 2017