Federal Reserve System
Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies
March 25, 2026
Summary
This notice details applications submitted to the Federal Reserve Board for approval to form, acquire, or merge savings and loan holding companies under the Home Owners' Loan Act and Regulations LL and MM. Interested parties are invited to submit written comments on these proposed transactions by April 24, 2026.
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 Home Owners' Loan Act (12 U.S.C. 1461 et seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12 CFR part 239), and all other applicable statutes and regulations to become a savings and loan holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a savings association.
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 whether the proposed transaction complies with the standards enumerated in the HOLA (12 U.S.C. 1467a(e)).
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 April 24, 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:
1. Voting Trust created pursuant to the Voting Trust Agreeement by and between Vecta Partners LLC, Mark Silber, and Nicholas A. Frungillo, Jr, Nicholas A. Frungillo, Jr., as trustee, both of Mountainside, New Jersey; to register as a savings and loan holding company by retaining voting shares of Vecta Inc., and thereby indirectly retaining voting shares of Sunnyside Federal Savings and Loan Association of Irvington, both of Irvington, New York.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Associate Secretary of the Board.
[FR Doc. 2026-05819 Filed 3-24-26; 8:45 am]
BILLING CODE P
Common questions
- What does "Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies" cover?
- This notice details applications submitted to the Federal Reserve Board for approval to form, acquire, or merge savings and loan holding companies under…
- Which agency issued this update?
- This update was issued by Federal Reserve System.
- When was it published?
- It was published on March 25, 2026.
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