Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Summary
The Federal Reserve System published a notice announcing approvals of bank holding company formations, acquisitions, and mergers. The notice covers transactions including PBI Holdings, Inc.'s proposed acquisition of Citizens Bancshares Corporation and Central Valley Community Bancorp's merger with Davis Community Bancorp. This is a routine regulatory notification listing approved applications under the Bank Holding Company Act.
What changed
The Federal Reserve published a notice listing approved bank holding company formations, acquisitions, and mergers. Specific transactions include PBI Holdings, Inc. (Riverside, California) proposing to acquire Citizens Bancshares Corporation (Las Vegas, Nevada), and Central Valley Community Bancorp (Fresno, California) receiving approval for its merger with Davis Community Bancorp (Davis, California). The notice also references approval for a bank holding company to acquire more than 25 percent of the voting shares of a bank and acquisition of the right to control a bank.
This is a routine informational notice that does not create new compliance obligations. Banking organizations should note this as a standard Federal Reserve publication under the Bank Holding Company Act. There are no action items or deadlines for affected parties. Financial institutions considering similar M&A activity should continue standard application processes with the Federal Reserve.
Archived snapshot
Apr 7, 2026GovPing 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.
Legal Status This site displays a prototype of a “Web 2.0” version of the daily
Federal Register. It is not an official legal edition of the Federal
Register, and does not replace the official print version or the official
electronic version on GPO’s govinfo.gov.
The documents posted on this site are XML renditions of published Federal
Register documents. Each document posted on the site includes a link to the
corresponding official PDF file on govinfo.gov. This prototype edition of the
daily Federal Register on FederalRegister.gov will remain an unofficial
informational resource until the Administrative Committee of the Federal
Register (ACFR) issues a regulation granting it official legal status.
For complete information about, and access to, our official publications
and services, go to About the Federal Register on NARA's archives.gov.
The OFR/GPO partnership is committed to presenting accurate and reliable
regulatory information on FederalRegister.gov with the objective of
establishing the XML-based Federal Register as an ACFR-sanctioned
publication in the future. While every effort has been made to ensure that
the material on FederalRegister.gov is accurately displayed, consistent with
the official SGML-based PDF version on govinfo.gov, those relying on it for
legal research should verify their results against an official edition of
the Federal Register. Until the ACFR grants it official status, the XML
rendition of the daily Federal Register on FederalRegister.gov does not
provide legal notice to the public or judicial notice to the courts.
Legal Status
Notice
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
A Notice by the Federal Reserve System on 04/07/2026
- 1.
1.
Document Details Published Content - Document Details Agency Federal Reserve System Document Citation 91 FR 17648 Document Number 2026-06718 Document Type Notice Pages 17648-17649
(2 pages) Publication Date 04/07/2026 Published Content - Document DetailsPDF Official Content
- View printed version (PDF) Official Content
Document Details Published Content - Document Details Agency Federal Reserve System Document Citation 91 FR 17648 Document Number 2026-06718 Document Type Notice Pages 17648-17649
(2 pages) Publication Date 04/07/2026 Published Content - Document DetailsTable of Contents Enhanced Content - Table of Contents This table of contents is a navigational tool, processed from the
headings within the legal text of Federal Register documents.
This repetition of headings to form internal navigation links
has no substantive legal effect.
There is no table of contents available for this document. Enhanced Content - Table of Contents
- Public Comments Enhanced Content - Public Comments This feature is not available for this document.
Enhanced Content - Public Comments
- Regulations.gov Data Enhanced Content - Regulations.gov Data Additional information is not currently available for this document.
Enhanced Content - Regulations.gov Data
- Sharing Enhanced Content - Sharing Shorter Document URL https://www.federalregister.gov/d/2026-06718 Email Email this document to a friend Enhanced Content - Sharing
- Print Enhanced Content - Print
- Print this document Enhanced Content - Print
- Other Formats Enhanced Content - Other Formats This document is also available in the following formats:
JSON Normalized attributes and metadata XML Original full text XML MODS Government Publishing Office metadata More information and documentation can be found in our developer tools pages.
Enhanced Content - Other Formats
- Public Inspection Public Inspection This PDF is FR Doc. 2026-06718 as it appeared on Public Inspection on
04/06/2026 at 8:45 am.
It was viewed
18
times while on Public Inspection.
If you are using public inspection listings for legal research, you
should verify the contents of the documents against a final, official
edition of the Federal Register. Only official editions of the
Federal Register provide legal notice of publication to the public and judicial notice
to the courts under 44 U.S.C. 1503 & 1507. Learn more here.
Public Inspection
Published Document: 2026-06718 (91 FR 17648) This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.
Document Headings Document headings vary by document type but may contain
the following:
- the agency or agencies that issued and signed a document
- the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to
- the agency docket number / agency internal file number
- the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details.
Federal Reserve System
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)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the ( printed page 17649) nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843), and interested persons may express their views in writing on the standards enumerated in section 4. Unless otherwise noted, nonbanking activities will be conducted throughout the United States.
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 7, 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:
- Banco Santander, S.A., Boadilla del Monte (Madrid), Spain, and Santander Holdings USA, Inc., (together, “Santander”) Boston, Massachusetts; to acquire Webster Financial Corporation (“Webster”), and thereby indirectly acquire Webster Bank, National Association, both of Stamford, Connecticut. In addition, Santander, through the acquisition of Webster, would indirectly acquire MW Advisor Holding, LLC, MW Advisor, LLC, and Marathon Direct Lending SLP, LLC, all of Wilmington, Delaware, and thus engage in investment advisory activities pursuant to section 225.28(b)(6) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Associate Secretary of the Board.
[FR Doc. 2026-06718 Filed 4-6-26; 8:45 am]
BILLING CODE P
Published Document: 2026-06718 (91 FR 17648)
Related changes
Get daily alerts for FR: Federal Reserve System
Daily digest delivered to your inbox.
Free. Unsubscribe anytime.
Source
About this page
Every important government, regulator, and court update from around the world. One place. Real-time. Free. Our mission
Source document text, dates, docket IDs, and authority are extracted directly from Federal Reserve System.
The plain-English summary, classification, and "what to do next" steps are AI-generated from the original text. Cite the source document, not the AI analysis.
Classification
Who this affects
Taxonomy
Browse Categories
Get alerts for this source
We'll email you when FR: Federal Reserve System publishes new changes.