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Federal Reserve Bank Holding Company Applications Notice

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Summary

The Federal Reserve published a notice listing pending bank holding company applications requiring public comment by May 8, 2026. Applications include 1887 Bancorp MHC (StonehamBank conversion), Revolut Group Holdings Ltd. (acquiring Revolut Bank US N.A.), and CSB Financial Inc. (acquiring Community Savings Bank). Interested parties may submit comments to the relevant Federal Reserve Bank or Board of Governors.

What changed

The Federal Reserve published a notice announcing three pending bank holding company applications under the Bank Holding Company Act and Regulation Y. The applications involve: (1) 1887 Bancorp MHC seeking to become a bank holding company by acquiring StonehamBank upon its conversion from mutual to stock form; (2) Revolut Group Holdings Ltd. and Revolut Holdings US Inc. seeking to become bank holding companies by acquiring Revolut Bank US N.A.; and (3) CSB Financial Inc. seeking to become a bank holding company by acquiring Community Savings Bank upon its conversion from mutual to stock form.

Affected parties include banks subject to acquisition, existing and prospective bank holding companies, and community banking organizations undergoing mutual-to-stock conversions. Financial institutions and investors with interests in these banks should monitor the application review process and may submit public comments on the enumerated standards in the BHC Act by the May 8, 2026 deadline.

What to do next

  1. Monitor pending applications if you have commercial interests in affected banks
  2. Submit public comments by May 8, 2026 if you have concerns about any listed application
  3. Contact relevant Federal Reserve Bank for expedited access to application materials

Archived snapshot

Apr 8, 2026

GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.

Content

The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956
(12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company
and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company
and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below.

The public portions of the applications listed below, as well as other related filings required by the Board, if any, are
available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors.
This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank
and from the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)).

Comments received are subject to public disclosure. In general, comments received will be made available without change and
will not be modified to remove personal or business information including confidential, contact, or other identifying information.
Comments should not include any information such as confidential information that would not be appropriate for public disclosure.

Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of
Governors, Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001,
not later than May 8, 2026.

A. Federal Reserve Bank of Boston (Prabal Chakrabarti, Executive Vice President) 600 Atlantic Avenue, Boston, Massachusetts 02210-2204. Comments can also be
sent electronically to BOS.SRC.Applications.Comments@bos.frb.org:

  1. 1887 Bancorp, MHC, Stoneham, Massachusetts; to become a bank holding company by acquiring StonehamBank, Stoneham, Massachusetts, upon the conversion of StonehamBank from mutual to stock form.

B. Federal Reserve Bank of New York (Bank Applications Officer) 33 Liberty Street, New York, New York 10045-0001. Comments can also be sent electronically to Comments.applications@ny.frb.org:

  1. Revolut Group Holdings Ltd., London, United Kingdom, and Revolut Holdings US Inc., New York, New York; to become bank holding companies by acquiring Revolut Bank US, N.A., Stamford, Connecticut.

C. Federal Reserve Bank of Cleveland (Jenni M. Frazer, Vice President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566. Comments can also be sent electronically
to Comments.applications@clev.frb.org:

  1. CSB Financial, Inc., Bethel, Ohio; to become a bank holding company by acquiring Community Savings Bank, Bethel, Ohio, upon the conversion of Community Savings Bank from mutual to stock form.

Board of Governors of the Federal Reserve System.

Michele Taylor Fennell, Associate Secretary of the Board. [FR Doc. 2026-06769 Filed 4-7-26; 8:45 am] BILLING CODE P

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CFR references

12 CFR Part 225

Named provisions

Bank Holding Company Act of 1956 Regulation Y

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Last updated

Classification

Agency
FRS
Published
April 7th, 2026
Comment period closes
May 8th, 2026 (30 days)
Compliance deadline
May 8th, 2026 (30 days)
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
FR Doc. 2026-06769
Docket
FRS-2026-1454-0001

Who this affects

Applies to
Banks Investors
Industry sector
5221 Commercial Banking
Activity scope
Bank acquisition Bank holding company formation Mutual-to-stock conversion
Geographic scope
United States US

Taxonomy

Primary area
Banking
Operational domain
Regulatory Affairs
Compliance frameworks
Basel III Dodd-Frank
Topics
Financial Services

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