Federal Reserve Board publishes its order denying the application by Custodia Bank, Inc., to be supervised by the Federal Reserve

The following press release was published by the Board of Governors of the Federal Reserve System on March 24. It is reproduced in full below.

The Federal Reserve Board on Friday published its order denying the application by Custodia Bank, Inc., of Cheyenne, Wyoming to be supervised by the Federal Reserve. The Board previously announced its denial of the application, and its order is now available following a review for confidential information.

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Source: Board of Governors of the Federal Reserve System