Press Release

Approval of Application by Grasshopper Bancorp, Inc.

November 26, 2018

NEW YORK—The Federal Reserve Bank of New York approved the application under Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended, by Grasshopper Bancorp, Inc., New York, New York, to become a bank holding company through the formation of its subsidiary bank, Grasshopper Bank, N.A., New York, New York.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.