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

Bank Holding Companies
Nave Holdings LLC, San Juan, Puerto Rico -- (1) to become a bank holding company by acquiring Nave Bank, San Juan, Puerto Rico, and (2) for Nave Bank, a de novo bank, to become a member of the Federal Reserve System.
- Withdrawn, June 9, 2022
Discount Bancorp, Inc., New York, New York -- to acquire through its subsidiary, Israel Discount Bank, voting shares of IDB Lido Wealth, LLC, both of New York, New York, and thereby indirectly engage in financial and investment advisory activities.
- Approved, May 10, 2022
TBB Investments LLC and TBB Intermediate LLC, both of New York, New York -- (1) to become bank holding companies by acquiring voting shares of Berkshire Bancorp, Inc., and thereby indirectly acquiring The Berkshire Bank, both of New York, New York, and (2) for TBB Intermediate LLC to merge with and into Berkshire Bancorp, Inc.
- Approved, February 28, 2022
AIB Group, p.l.c., and Allied Irish Banks, p.l.c., both of Dublin, Ireland -- to retain GANMAC Holdings (BVI) Limited, Dublin, Ireland (GANMAC), and thereby engage in financial advisory activities, securities brokerage activities, and private placement activities in the United States through GANMAC's subsidiary, Goodbody Securities, Inc., a Delaware corporation, pursuant section 225.24 of Regulation Y.
- Approved, February 18, 2022
Change In Bank Control
The Bessemer Group, Incorporated, Woodbridge, New Jersey -- Elizabeth Guest Stevens, as trustee of Trust u/a 2nd(3) u/w of Hubert B. Phipps for Hubert G. Phipps; Trust u/a 2nd(4)(a) u/w Hubert B. Phipps for Hubert G. Phipps; Trust u/a 2nd(3) u/w Hubert B. Phipps for Melissa Phipps; Trust u/a 2nd(4)(a) u/w Hubert B. Phipps for Melissa Phipps; Frederick E. Guest II Trust; Trust f/b/o Alexander M.D. Guest u/Art. 7(B)(5) u/w Winston F.C. Guest; Trust f/b/o Cornelia C. Guest u/Art. 7(B)(5) u/w Winston F.C. Guest; Trust f/b/o Winston Guest, Jr. u/Art. 7(B)(5) u/w Winston F.C. Guest; and Elizabeth Guest Stevens Revocable Trust; to gain control of The Bessemer Group, Incorporated; Bessemer Trust Company, N.A., New York, New York; and Bessemer Trust Company of New Jersey, Woodbridge, New Jersey.
- Withdrawn, June 2, 2022
First BanCorp, San Juan, Puerto Rico -- the Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard, to acquire additional voting shares of First BanCorp, and thereby indirectly acquire voting shares of FirstBank Puerto Rico, San Juan, Puerto Rico.
- Permitted, March 24, 2022
OFG Bancorp, San Juan, Puerto Rico -- the Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard, to acquire additional voting shares of OFG Bancorp, and thereby indirectly acquire voting shares of Oriental Bank, San Juan, Puerto Rico.
- Permitted, March 24, 2022
Extensions Of Time
TBB Investments LLC and TBB Intermediate LLC, both of New York, New York -- extension to September 15, 2022, (1) to become bank holding companies by acquiring voting shares of Berkshire Bancorp, Inc., and thereby indirectly acquiring The Berkshire Bank, both of New York, New York, and (2) for TBB Intermediate LLC to merge with and into Berkshire Bancorp, Inc.
- Granted, May 27, 2022
Popular Bank, New York, New York -- extension to July 2, 2022, to establish a branch at 7306 Collins Avenue, Miami Beach, Florida.
- Granted, April 1, 2022
The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York -- extension to April 22, 2022, to acquire additional shares of 473 Broadway Holding Corporation and additional shares of The Adirondack Trust Company, both of Saratoga Springs, New York.
- Granted, March 25, 2022
International Operations
Popular, Inc., San Juan, Puerto Rico -- to acquire, indirectly through EVERTEC Inc., OPG Technology Corp., both of San Juan, Puerto Rico, pursuant to Regulation K.
- Approved, January 28, 2022

Last Update: June 23, 2022