Public Information Documents

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

Bank Branches, Domestic
BNB Bank, Bridgehampton, New York -- to establish a branch at 1450 Broadway, New York.
- Approved, July 26, 2019
Amboy Bank, Old Bridge, New Jersey -- to establish a branch at 665 Middlesex Avenue, Metuchen.
- Approved, July 11, 2019
Popular Bank, New York, New York -- to establish a branch at 1979 Ralph Avenue, Brooklyn.
- Approved, June 19, 2019
Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch at 240 Royal Palm Way, Palm Beach, Florida.
- Approved, June 4, 2019
Adirondack Bank, Utica, New York -- to establish a branch at 2426 Main Street, Lake Placid.
- Approved, May 9, 2019
Peapack-Gladstone Bank, Bedminster, New Jersey -- to establish a mobile branch for the New Jersey counties of Essex, Hunterdon, Morris, Somerset, Union, Hudson, and Middlesex.
- Approved, April 30, 2019
Popular Bank, New York, New York -- to establish a branch at 9491 Harding Avenue, Surfside, Florida.
- Withdrawn, April 24, 2019
Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch at 77 Upper Rock Circle, Rockville, Maryland.
- Approved, March 15, 2019
Popular Bank, New York, New York -- to establish a branch at 744 Arthur Godfrey Road, Miami Beach, Florida.
- Withdrawn, March 8, 2019
Bank Holding Companies
Barclays PLC, London, England, and Barclays Bank PLC -- to retain Barclays US Holdings Limited (BUSHL), New York, New York, upon BUSHL becoming a bank holding company through the ownership of Barclays US LLC in an internal reorganization; and for BUSHL to become a bank holding company by acquiring Barclays US LLC and thereby indirectly acquiring Barclays Bank Delaware, Wilmington, Delaware.
- Withdrawn, May 23, 2019
Pioneer Bancorp MHC (MHC), Albany, New York; and Pioneer Bancorp, Inc. (Bancorp) -- to become bank holding companies by acquiring Pioneer Bank, Albany, and Pioneer Commercial Bank, upon the conversion of Pioneer Savings Bank from mutual to stock form and a minority stock issuance by Bancorp; and election by MHC and Bancorp to become financial holding companies.
- Approved, May 14, 2019
Standard Chartered Bank, London, England; and Standard Chartered Holdings, Inc., New York, New York -- to engage through a newly formed entity, The Consortium LLC, in data processing activities.
- Approved, January 18, 2019
NBC Bancorp, Inc., Coxsackie, New York -- to become a bank holding company by acquiring The National Bank of Coxsackie, Coxsackie.
- Withdrawn, January 9, 2019
Bank Premises
The Adirondack Trust Company, Saratoga Springs, New York -- to make an investment in bank premises.
- Approved, January 10, 2019
Change In Bank Control
American Express Company, New York, New York -- change in bank control of American Express Company, and its subsidiary, American Express National Bank, Salt Lake City, Utah.
- Permitted, April 12, 2019
Extensions Of Time
The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York -- extension to September 4, 2019, to acquire additional shares of 473 Broadway Holding Corporation, Saratoga Springs, and of The Adirondack Trust Company.
- Granted, June 4, 2019
Grasshopper Bancorp, Inc., New York, New York -- extension to May 23, 2019, to become a bank holding company through the formation of its subsidiary bank, Grasshopper Bank, N.A., New York.
- Granted, March 8, 2019
Banks, Foreign
ABN AMRO Bank N.V., Amsterdam, The Netherlands -- to establish a branch in New York, New York.
- Withdrawn, January 10, 2019
International Operations
Popular, Inc., San Juan, Puerto Rico -- to acquire, indirectly through EVERTEC Group, LLC, San Juan, certain assets of Tec 2 Fly Inc., San Juan, under Regulation K.
- Approved, August 11, 2019
Citibank, N.A., Sioux Falls, South Dakota, and Citibank Overseas Investment Corporation, New Castle, Delaware -- prior notice to make an investment under Regulation K.
- No Objection, August 5, 2019
CLS Bank International, New York, New York -- to extend its corporate existence as an Edge corporation for 20 years, pursuant to section 25A of the Federal Reserve Act.
- Approved, June 17, 2019
J.P. Morgan Chase Bank, National Association, Columbus, Ohio -- to amend the articles of association of its Edge corporation, J.P. Morgan International Finance Limited, New York, New York, to reflect the relocation of its home office.
- Approved, February 15, 2019
Banks, State Member
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
- Approved, July 24, 2019
M&T Bank, Buffalo, New York -- to engage in corporate debt underwriting through its wholly owned financial subsidiary, M&T Securities Inc., Buffalo.
- Approved, June 25, 2019

Last Update: August 22, 2019