Justia Regulation Tracker

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[Federal Register: September 6, 2007 (Volume 72, Number 172)]
[Notices]               
[Page 51229]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr06se07-59]                         

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FEDERAL RESERVE SYSTEM

 
Formations of, Acquisitions by, and Mergers of Bank Holding 
Companies

    The companies listed in this notice have applied to the Board for 
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 
1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other 
applicable statutes and regulations to become a bank holding company 
and/or to acquire the assets or the ownership of, control of, or the 
power to vote shares of a bank or bank holding company and all of the 
banks and nonbanking companies owned by the bank holding company, 
including the companies listed below.
    The applications listed below, as well as other related filings 
required by the Board, are available for immediate inspection at the 
Federal Reserve Bank indicated. The application also will be available 
for inspection at the offices of the Board of Governors. Interested 
persons may express their views in writing on the standards enumerated 
in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the 
acquisition of a nonbanking company, the review also includes whether 
the acquisition of the nonbanking company complies with the standards 
in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, 
nonbanking activities will be conducted throughout the United States. 
Additional information on all bank holding companies may be obtained 
from the National Information Center website at http://www.ffiec.gov/nic/.

    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than October 1, 2007.
    A. Federal Reserve Bank of New York (Anne MacEwen, Bank 
Applications Officer) 33 Liberty Street, New York, New York 10045-0001:
    1. M&T Bank Corporation, Buffalo, New York (``M&T''); to acquire 
100 percent of the voting shares of, and merge with, Partners Trust 
Financial Group (``Partners Trust''), and thereby indirectly acquire 
Partners Trust Municipal Bank, both of Utica, New York.
    In connection with this application, M&T also has applied to 
acquire Partners Trust Bank; Partners NEWPRO, Inc.; Partners Preferred 
Capital Corporation; Partners Trust Investment Services, Inc.; BSB 
Mortgage Corporation; BSB Financial Services, Inc.; Groupinsure 
Brokerage Holding, Inc.; and SBU Mortgage Corporation, all of Utica, 
New York, and thereby engage in operating a federal savings bank, 
pursuant to section 225.28(b)(4)(ii); in extending credit and servicing 
loans, pursuant to section 225.28(b)(1); in asset management, 
servicing, and collection activities, pursuant to section 
225.28(b)(2)(vi); and in securities brokerage activities, pursuant to 
section 225.28(b)(7)(i), all of Regulation Y.

    Board of Governors of the Federal Reserve System, August 31, 
2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7-17579 Filed 9-5-07; 8:45 am]

BILLING CODE 6210-01-S