Federal Reserve Board announces it has denied the request by Custodia Bank, Inc., for reconsideration of the Board's decision last month on its application to be supervised by the Federal Reserve
February 23, 2023
Federal Reserve Board announces it has denied the request by Custodia Bank, Inc., for reconsideration of the Board's decision last month on its application to be supervised by the Federal Reserve
For release at 5:00 p.m. EST
The Federal Reserve Board on Thursday announced that it has denied the request by Custodia Bank, Inc., of Cheyenne, Wyoming, for reconsideration of the Board’s decision last month on its application to be supervised by the Federal Reserve.
The Board previously concluded that the firm’s application as submitted was inconsistent with the required factors under the law. The Board’s rules permit an applicant to request that the Board reconsider its application decision.
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