Federal Reserve Notice of Proposals for Nonbanking Activities
Summary
The Federal Reserve System has published a notice regarding proposals from companies seeking to engage in or acquire companies involved in permissible nonbanking activities under the Bank Holding Company Act. These notices are subject to public comment and review.
What changed
The Federal Reserve System has issued a notice detailing proposals from various companies seeking approval to engage in or acquire entities involved in nonbanking activities, as permitted by section 4 of the Bank Holding Company Act and Regulation Y. These proposals include acquiring companies that operate savings associations. The notice specifies that these activities will generally be conducted throughout the United States and provides information on how the public can access related filings and submit comments.
Interested parties have until April 20, 2026, to submit written comments on whether these proposals comply with the standards of section 4 of the BHC Act. Comments are subject to public disclosure and should not contain confidential information. The Federal Reserve Banks and the Board of Governors will review these comments as part of their decision-making process regarding the approval of these nonbanking activities.
What to do next
- Review the list of proposed nonbanking activities and acquisitions.
- Submit written comments to the relevant Federal Reserve Bank or the Board of Governors by April 20, 2026, if expressing views on compliance with the BHC Act.
- Ensure any submitted comments do not contain confidential or inappropriate information for public disclosure.
Source document (simplified)
Notice
Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
A Notice by the Federal Reserve System on 03/19/2026
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- Public Inspection Published Document: 2026-05415 (91 FR 13308) Document Headings ###### Federal Reserve System
( printed page 13308) The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States.
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 question whether the proposal complies with the standards of section 4 of the BHC Act.
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.
Unless otherwise noted, comments regarding the 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 April 20, 2026.
A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-1521. Comments can also be sent electronically to Comments.applications@phil.frb.org:
- Columbia Financial, Inc., Fair Lawn, New Jersey; to acquire Northfield Bancorp, Inc., Woodbridge, New Jersey, and thereby indirectly acquire Northfield Bank, Staten Island, New York, and thereby engage in operating a savings association pursuant to section 225.28(b)(4)(ii) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Associate Secretary of the Board.
[FR Doc. 2026-05415 Filed 3-18-26; 8:45 am]
BILLING CODE P
Published Document: 2026-05415 (91 FR 13308)
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