Press Release

Approval of Application by Bogota Financial Corp.

November 08, 2019

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 Bogota Financial, MHC and Bogota Financial Corp., Inc., both of Teaneck, New Jersey, to become bank holding companies by acquiring 100 percent of the voting shares of Bogota Savings Bank, Teaneck, New Jersey, in connection with a conversion of Bogota Savings Bank from mutual to stock form.

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