Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 10402 [05-4154]
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10402
Federal Register / Vol. 70, No. 41 / Thursday, March 3, 2005 / Notices
Board of Governors of the Federal Reserve
System, February 25, 2005.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 05–4065 Filed 3–2–05; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisition of Shares of Bank or Bank
Holding Companies
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire a bank or bank
holding company. The factors that are
considered in acting on the notices are
set forth in paragraph 7 of the Act (12
U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the office of the Board of Governors.
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than March
17, 2005..
A. Federal Reserve Bank of
Richmond (A. Linwood Gill, III, Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528:
1. Hylton Wright, Betty Wright,
Tamara Thomas, Loudene Riggs, Alease
Lambert, and Evelyn Wright, Mounty
Airy, North Carolina; as a group acting
in concert to acquire voting shares of
Surrey Bancorp, Mount Airy, North
Carolina, and thereby indirectly acquire
voting shares of Surrey Bank & Trust,
Mount Airy, North Carolina.
Board of Governors of the Federal Reserve
System, February 25, 2005.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 05–4066 Filed 3–2–05; 8:45 am]
BILLING CODE 6210–01–S
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
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16:38 Mar 02, 2005
Jkt 205001
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 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 March 28,
2005.
A. Federal Reserve Bank of
Richmond (A. Linwood Gill, III, Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528:
1. SCCB Financial Corp., Columbia,
South Carolina; to become a bank
holding company by acquiring 100
percent of the voting shares of South
Carolina Community Bank, Columbia,
South Carolina.
B. Federal Reserve Bank of Atlanta
(Andre Anderson, Vice President) 1000
Peachtree Street, N.E., Atlanta, Georgia
30303:
1. Saladrigas Holdings, LP, Miami,
Florida; to become a bank holding
company by acquiring 100 percent of
the voting shares of Premier American
Bank, Miami, Florida.
C. Federal Reserve Bank of
Minneapolis (Jacqueline G. Nicholas,
Community Affairs Officer) 90
Hennepin Avenue, Minneapolis,
Minnesota 55480–0291:
1. Security State Bank Holding
Company, Jamestown, North Dakota; to
acquire 100 percent of the voting shares
of CNB, Inc., Walker, Minnesota, and
thereby indirectly acquire voting shares
of Centennial National Bank, Walker,
Minnesota.
D. Federal Reserve Bank of Kansas
City (Donna J. Ward, Assistant Vice
President) 925 Grand Avenue, Kansas
City, Missouri 64198–0001:
PO 00000
Frm 00050
Fmt 4703
Sfmt 4703
1. Republic Bancorp, Inc., Munden,
Kansas; to become a bank holding
company by acquiring 99.72 percent of
the voting shares of National Family
Bank, Munden, Kansas.
Board of Governors of the Federal Reserve
System, February 28, 2005.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 05–4154 Filed 3–2–05; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL RESERVE SYSTEM
[Docket No. OP–1214]
Reserve Bank Withdrawal From
Noncash Collection Service
Board of Governors of the
Federal Reserve System.
ACTION: Notice.
AGENCY:
SUMMARY: The Board has approved the
withdrawal of the Federal Reserve
Banks from the noncash collection
service. The noncash collection service
involves the collection and processing
of definitive municipal bonds and
coupons issued by state and local
governments. The withdrawal from this
service is prompted by the declining
volume of definitive municipal
securities, the expected underrecovery
of costs in future years, and the
availability of alternate service
providers and substitutable services.
DATES: Items for deposit will be
accepted until September 30, 2005, and
withdrawal will be completed on
December 30, 2005.
FOR FURTHER INFORMATION CONTACT: Kent
Owens, Manager (202/728–5848), or
Lyndsay Huot, Financial Services
Analyst (202/452–5238), Division of
Reserve Bank Operations and Payment
Systems; for the hearing impaired only:
Telecommunications Device for the
Deaf, 202/263–4869.
SUPPLEMENTARY INFORMATION
I. Background
The Federal Reserve Banks currently
provide a service to depository
institutions for the collection of matured
or called definitive municipal
securities.1 Definitive municipal
securities are registered or bearer bonds
that have been issued with interest
coupons in certificated, or physical,
form by local governments, as well as by
states and their political subdivisions
and agencies.2 The Reserve Banks
1 The Reserve Banks will accept deposits of
securities up to 30 days prior to maturity.
2 Such securities are ‘‘noncash’’ items under
Regulation J (12 CFR 210.2(k)).
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[Federal Register Volume 70, Number 41 (Thursday, March 3, 2005)]
[Notices]
[Page 10402]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-4154]
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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 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 March 28, 2005.
A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. SCCB Financial Corp., Columbia, South Carolina; to become a bank
holding company by acquiring 100 percent of the voting shares of South
Carolina Community Bank, Columbia, South Carolina.
B. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President)
1000 Peachtree Street, N.E., Atlanta, Georgia 30303:
1. Saladrigas Holdings, LP, Miami, Florida; to become a bank
holding company by acquiring 100 percent of the voting shares of
Premier American Bank, Miami, Florida.
C. Federal Reserve Bank of Minneapolis (Jacqueline G. Nicholas,
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota
55480-0291:
1. Security State Bank Holding Company, Jamestown, North Dakota; to
acquire 100 percent of the voting shares of CNB, Inc., Walker,
Minnesota, and thereby indirectly acquire voting shares of Centennial
National Bank, Walker, Minnesota.
D. Federal Reserve Bank of Kansas City (Donna J. Ward, Assistant
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
1. Republic Bancorp, Inc., Munden, Kansas; to become a bank holding
company by acquiring 99.72 percent of the voting shares of National
Family Bank, Munden, Kansas.
Board of Governors of the Federal Reserve System, February 28,
2005.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 05-4154 Filed 3-2-05; 8:45 am]
BILLING CODE 6210-01-S
