<SEC-DOCUMENT>0001193125-24-218864.txt : 20241101
<SEC-HEADER>0001193125-24-218864.hdr.sgml : 20241101
<ACCEPTANCE-DATETIME>20240913161449
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-24-218864
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240913

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHAIN BRIDGE BANCORP INC
		CENTRAL INDEX KEY:			0001392272
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				204957796
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1445-A LAUGHLIN AVENUE
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22101
		BUSINESS PHONE:		703-748-2005

	MAIL ADDRESS:	
		STREET 1:		1445-A LAUGHLIN AVENUE
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22101
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<HTML><HEAD>
<TITLE>CORRESP</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">September&nbsp;13, 2024 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Via EDGAR </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Office of Finance </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Attention: Christian Windsor and Madeleine Joy Mateo </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Chain Bridge Bancorp, Inc. </B></P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>&#8201;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Amendment No.&nbsp;1 to Draft Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT>
</B></P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>&#8201;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Submitted August&nbsp;19, 2024 </B></P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>&#8201;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>CIK No.&nbsp;0001392272 </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Mr.&nbsp;Windsor and Ms.&nbsp;Mateo: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On behalf of Chain
Bridge Bancorp, Inc. (the &#147;<U>Company</U>&#148;), we are writing to submit the Company&#146;s responses to the comment letter, dated September&nbsp;4, 2024, from the staff (the &#147;<U>Staff</U>&#148;) of the Securities and Exchange Commission
(the &#147;<U>Commission</U>&#148;) relating to the Company&#146;s Amendment No.&nbsp;1 to Draft Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1,</FONT> which was originally submitted to the Commission on August&nbsp;19, 2024.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are concurrently filing via EDGAR a Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> (the &#147;<U>Registration
Statement</U>&#148;), which reflects the Company&#146;s responses to the comments received from the Staff and certain other updated information. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For ease
of review, we have set forth below each of the numbered comments of the Staff&#146;s letter in italics and the Company&#146;s responses thereto, including, where applicable, a cross-reference to the location in the Registration Statement of changes
made in response to the Staff&#146;s comment. Capitalized terms used herein but not defined herein have the meanings given to such terms in the Registration Statement. All references to page numbers in the responses are to the pages of the
Registration Statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Amendment No.&nbsp;1 to Draft Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> filed August&nbsp;19,
2024</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Prospectus Summary, page&nbsp;2</U> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>We note your response to prior comment 4. We also note your growth presentation calculates CAGR for <FONT
STYLE="white-space:nowrap">six-year</FONT> increments for all but the most recent period. We note that your assets appear to have continued to nearly match their historical growth trend through the end of the
<FONT STYLE="white-space:nowrap">six-year</FONT> period ending with fiscal year 2023, before dramatically increasing in the first six months of 2024, resulting in the presented 10.8% rate. Revise your disclosure to clarify the impact of your growth
in the first six months of 2024 on the amounts presented.</I> </P></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Response</U>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In response to the Staff&#146;s comment, the Company has revised the disclosure on pages&nbsp;2, 83 and 112 of the Registration Statement to
describe the drivers of the increase in the Company&#146;s book value per share in the first six months of 2024. The Company has supplementally revised the graph on pages&nbsp;2 and 112 the Registration Statement to clarify the growth presentation.
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>We note your response to prior comment 6. In order for investors to fully appreciate your business model,
please revise your disclosure to address the service level your relationship officers can provide to clients without the need for those clients to visit your branch, limiting your need for a more extensive investment in a branch network.</I>
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Response</U>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In response to the Staff&#146;s comment, the Company has revised the disclosure on pages&nbsp;8 and 119 of the Registration Statement to
disclose the reasons why the Company believes it is able to maintain a high level of customer service despite the lack of a significant physical footprint. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Risk Factors, page&nbsp;27</U> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>We note your response to prior comment 29, your disclosure that a significant portion of your commercial
borrowers are required to maintain deposit accounts with you as part of their loan agreements, and that the degree to which this overlap contributes to the stability and profitability of these relationships may vary depending on several factors. If
material, please include a risk factor discussing the risks to your business and results of operations associated with the overlap between your loan clients and your transactional depositors.</I> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Response</U>: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In
response to the Staff&#146;s comment, the Company respectfully advises the Staff that the overlap between the Company&#146;s loan clients and transactional depositors and the risks associated with such overlap are not currently material to the
Company&#146;s business. The Company has supplementally revised its disclosure on pages&nbsp;127 and 128 of the Registration Statement to disclose that the Company does not believe there to be a significant overlap between its loan clients and its
largest transactional deposit accounts. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Liquidity risks could adversely affect our business, financial condition and results of
operations, page&nbsp;29</U> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>We note your response to prior comment 15. Please revise your risk factor to disclose that the Federal Home
Loan Bank Advance had no collateral pledged and, consequently, you would have to identify and pledge collateral before you could utilize the FHLB as a source of additional liquidity, which might slow your access to additional funding.</I>
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Response</U>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In response to the Staff&#146;s comment, the Company has revised its risk factor on page&nbsp;29 of the Registration Statement to add the
requested disclosure. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>We may need to raise additional capital, page&nbsp;34</U> </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>We note your discussion of the $10</I><I></I>&nbsp;<I>million borrowed on a line of credit in order to
contribute capital to your banking subsidiary. To the extent that the capital infusion was created by the rapid increase in deposits and other assets in 2023 and 2024, consider adding a specific risk factor to discuss the potential need to raise
capital to support the growth of the bank, particularly in the <FONT STYLE="white-space:nowrap">run-up</FONT> to election cycles when your short-term deposits and assets grow dramatically.</I> </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Response</U>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In response to the Staff&#146;s comment, the Company has revised the disclosure on pages 31 and 34 of the Registration Statement to discuss the
potential need for the Company to obtain additional capital to maintain a satisfactory Tier 1 leverage ratio, particularly during times of seasonal growth in deposits. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Capitalization, page 70</U> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>The amounts presented in the &#147;Actual&#148; column do not appear to represent amounts as of
June</I><I></I><I>&nbsp;30, 2024. Please revise your filing to include the appropriate balances as of the most recent interim period presented in your financial statements.</I> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Response</U>: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In
response to the Staff&#146;s comment, the Company has revised the disclosure on pages 70 and 71 of the Registration Statement to correct the amounts presented in the &#147;Actual&#148; column. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations Results of Operations, page 74</U> </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>We note that you discuss your results of operations for the six months ended June</I><I></I><I>&nbsp;30,
2024 compared to the same period in 2023. Please revise your filing to also include a discussion of your results of operations for the three months ended June</I><I></I><I>&nbsp;30, 2024 compared to the same period in 2023 or to the most recent
quarter. See Item 303(c)(2)(ii) of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT></I> </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Response</U>:
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In response to the Staff&#146;s comment, the Company has revised the disclosure on pages F-1, F-3, F-4, F-6, F-7, F-10 and F-12
through F-15 of the Registration Statement to remove information regarding the Company&#146;s results of operations for the three months ended June&nbsp;30, 2024 from its unaudited consolidated financial statements. Rules <FONT
STYLE="white-space:nowrap">3-02(b)</FONT> and <FONT STYLE="white-space:nowrap">10-01</FONT> of Regulation <FONT STYLE="white-space:nowrap">S-X</FONT> do not require the Company to present statements of comprehensive income and cash flows for the
most recent quarter. Accordingly, the Company respectfully advises the Staff that because the Company&#146;s filing no longer contains a statement of comprehensive income for the three months ended June&nbsp;30, 2024, it does not believe that it is
required to include a discussion of its results of operations for the three months ended June&nbsp;30, 2024 pursuant to Item 303(c)(2)(ii) of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Trust and wealth management income, page 87</U> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Refer to prior comment 23. We note your disclosure on page 86 which states that you &#147;employ distinct
fee structures&#148; for assets under management (&#147;AUM&#148;) and assets under custody (&#147;AUC&#148;). Please revise your filing, here or elsewhere, to clarify what is meant by the term &#147;distinct fee structures&#148; (e.g., management
versus performance-based fees, whether fees differ based on product type, security type, or other factors, etc.) and to disclose weighted average fee rates for AUM each period. In addition, disclose the extent to which fee rates for AUM or AUC have
changed period-over-period, and, if material, discuss the drivers of those changes.</I> </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Response</U>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In response to the Staff&#146;s comment, the Company has revised the disclosure on page 87 of the Registration Statement to clarify the fee
structures the Company utilizes for its trust and wealth management services and to provide the requested disclosure regarding the Company&#146;s fee rates for its AUM and AUC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Deposits, page 102</U> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>We note your disclosure on page 102 that you estimate your total uninsured deposits increased from
$648.0</I><I></I><I>&nbsp;million as of December</I><I></I><I>&nbsp;31, 2023, or 58.3% of your deposit portfolio, to $1.0</I><I></I><I>&nbsp;billion as of June</I><I></I><I>&nbsp;30, 2024, or 78.3% of your deposit portfolio. In addition, we note
your disclosure on page 76 that in order to manage the risks associated with uninsured deposits, you aim to maintain high levels of liquidity, asset quality and financial strength. Understanding the seasonality associated with your deposits in
general, to the extent applicable, please revise your filing to disclose whether you have policies or internal limits regarding concentrations in uninsured deposits, in total or by type of depositor, and whether you have complied with any such
internal requirements for the periods presented.</I> </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Response</U>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In response to the Staff&#146;s comment, the Company respectfully advises the Staff that it does not maintain policies or internal limits
regarding concentrations in uninsured deposits, whether in total or by type of depositors. The Company has supplementally revised its risk factor on page 33 of the Registration Statement to disclose that the Company does not maintain policies or
internal limits regarding its concentration of uninsured deposits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Short-Term Borrowings, page 104</U> </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Refer to prior comment 31. We note your updated disclosure on page 102 that provides details surrounding
your federal funds line of credit agreements with certain correspondent banks. Please revise your filing to also include this and any other material information related to your borrowings in a footnote to your unaudited consolidated financial
statements as of and for the three and six months ended June</I><I></I><I>&nbsp;30, 2024. Refer to Regulation <FONT STYLE="white-space:nowrap">S-X</FONT> <FONT STYLE="white-space:nowrap">9-03.13.</FONT></I> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Response</U>: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In
response to the Staff&#146;s comment, the Company has revised the disclosure on page F-18 of the Registration Statement to include information related to the Company&#146;s borrowings in a footnote to unaudited consolidated financial statements as
of and for the six months ended June&nbsp;30, 2024. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Notes to Consolidated Financial Statements</U> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Note 1. Organization and Summary of Significant Accounting Policies</U> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Reclassification, page <FONT STYLE="white-space:nowrap">F-31</FONT> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>In your response to our prior comment 38, you state that you reclassified certain expense items between
various components of noninterest expense and that &#147;none of those reclassifications were material to stockholders&#146; equity or net income.&#148; If true, please revise your disclosures to state definitively that there was no impact to
stockholders&#146; equity or net income as a result of this </I><I>reclassification. To the extent there were other reclassifications that had <FONT STYLE="white-space:nowrap">non-material</FONT> impacts on these line items, please disclose the
nature and magnitude of the additional change(s).</I> </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Response</U>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In response to the Staff&#146;s comment, the Company has revised the disclosure on page F-31 of the Registration Statement to state that there
was no impact to stockholders&#146; equity or net income as a result of the reclassification of certain expense items between various components of noninterest expense. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Please contact me at (212) <FONT STYLE="white-space:nowrap">558-4175</FONT> if you have any questions or require any additional information in connection with
this letter or the Registration Statement. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sincerely,</P></TD></TR>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Catherine M. Clarkin</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Catherine M. Clarkin</P></TD></TR>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Rachel G. Miller </P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#8201;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">(Chain Bridge Bancorp, Inc.) </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

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