GRN Holding Corp (GRNF)

[Mrblabla]

Not Wild that PBC/GRNF funds show approvals by regulating authorities to operate as a banking mechanism. Show me one approval that Costello has obtained for these proposed MJ banking entities mainly PBC and GRNF Funds....?
The proposed bank must first receive approval for a federal or state charter. The Office of the Comptroller of the Currency (OCC) has exclusive authority to issue a federal or "national bank" charter, while any state (and the District of Columbia, Guam, Puerto Rico, and the Virgin Islands) may issue a state charter. Before granting a charter, the OCC or state must be able to determine that the applicant bank has a reasonable chance for success and will operate in a safe and sound manner. Next, the proposed bank must obtain approval for deposit insurance from the Federal Deposit Insurance Corporation (FDIC). Additional approvals are required from the Federal Reserve if, at formation, a company would control the new bank and/or a state-chartered bank would become a member of the Federal Reserve.

All insured banks must comply with the capital adequacy guidelines of their primary federal regulator (Federal Reserve, FDIC, or OCC). The guidelines require a bank to demonstrate that it will have enough capital to support its risk profile, operations, and future growth even in the event of unexpected losses. Newly established banks are generally subject to additional criteria that remain in place until the bank's operations become well-established and profitable. show me any of this and I'll wave the white flag, otherwise this is not wild speculation that Costello may not be operating legitimate banking mechanisms that can be part of a strategy for a RM of Marijuana related companies into the shell imo