Press Release

October 17, 2025 Federal Reserve Board denies application by Canandaigua National Corporation For release at 6:45 p.m. EDT Share The Federal Reserve Board on Friday denied an application by Canandaigua National Corporation, of Canandaigua, New York. The firm provided a complementary activity notice to the Board proposing to engage in certain activity that would obligate it to acquire real property. Bank holding companies are generally prohibited from investing in real property under the Bank Holding Company Act. After reviewing the proposal and considering all the facts and circumstances, the Board has determined that the proposed activity is inconsistent with the factors the Board is required to evaluate by law. The Board's order will be released following a review for confidential information related to the firm. For media inquiries, please email [email protected] or call 202-452-2955. Order (PDF) Note: On November 20, 2025 the press release was updated to add the Board's order. Related Content Board Votes

Federal Reserve (2025, October 16). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20251017_federal_reserve_board_denies_application_by

@misc{wtfs_press_release_20251017_federal_reserve_board_denies_application_by,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2025},
  month = {Oct},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20251017_federal_reserve_board_denies_application_by},
  note = {Retrieved via When the Fed Speaks corpus}
}