C3 Holdings seeks BHC approval to acquire Northern Financial Corp
C3 Holdings, Inc. must receive public comment by Dec. 2, 2026 for its application to become a bank holding company via acquisition of Northern Financial Corp and Independence State Bank.
The Federal Reserve Board published a notice on Nov. 2, 2026 (FR Doc No: 2026-22333, page 68957) listing applications for formations, acquisitions, and mergers of bank holding companies under the Bank Holding Company Act of 1956 and Regulation Y. The notice invites public comment on each application, with comments to be submitted to the Federal Reserve Bank of Minneapolis or the Board's Secretary, Benjamin W. McDonough, no later than Dec. 2, 2026.
The sole application listed is from C3 Holdings, Inc., of Random Lake, Wisconsin. C3 Holdings seeks approval to become a bank holding company by acquiring Northern Financial Corporation, which would indirectly give it control of Independence State Bank, both located in Independence, Wisconsin.
Public portions of the application and any related filings are available for immediate inspection at the Federal Reserve Bank of Minneapolis, 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291, and at the Board of Governors' offices, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001. Requests for expedited access may be made through the appropriate Reserve Bank or the Board's Freedom of Information Office.
Comments are subject to public disclosure and will be posted without alteration, except for removal of personal or business identifying information. Commenters are cautioned not to include confidential information that would be inappropriate for public release. The Board will consider the application in accordance with the standards enumerated in the BHC Act (12 U.S.C. 1842(c)).
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