Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 15694 [E7-5946]

Download as PDF hsrobinson on PROD1PC76 with NOTICES 15694 Federal Register / Vol. 72, No. 62 / Monday, April 2, 2007 / Notices 3106(a); and sections 225.83 and 225.93 of Regulation Y, 12 CFR 225.83 and 225.93. The FR 4017 is required to obtain a benefit and is authorized under Section 9 of the Federal Reserve Act, 12 U.S.C. § 335; and section 208.76 of Regulation H, 12 CFR 208.76. The FR 4019 is required to obtain a benefit and is authorized under Section 4(k)(7) of the BHC Act, 12 U.S.C. § 1843(k)(7); and sections 225.171(e)(3), 225.172(b)(4), and 225.173(c)(2) of Regulation Y, 12 CFR 225.171(e)(3), 225.172(b)(4), and 225.173(c)(2). The FR 4023 is mandatory and is authorized under Section 4(k)(7) of the BHC Act, 12 U.S.C. § 1843(k)(7); and sections 225.171(e)(4) and 225.175 of Regulation Y, 12 CFR 225.171(e)(4) and 225.175. For the FR 4010, FR 4011, FR 4017, and FR 4019, a company may request confidential treatment of the information contained in these information collections pursuant to section (b)(4) and (b)(6) of the Freedom of Information Act (FOIA)(5 U.S.C. 552 (b)(4) and (b)(6)). Since the Federal Reserve does not collect the FR 4023, no issue of confidentiality under the FOIA arises. FOIA will only be implicated if the Board’s examiners retained a copy of the records in their examination or supervision of the institution, and would likely be exempt from disclosure pursuant to FOIA (5 U.S.C. § 552(b)(4), (b)(6), and (b)(8)). Abstract: Each BHC or FBO seeking FHC status must file the FR 4010 declaration, which includes information needed to verify eligibility for FHC status. By filing the FR 4011, a requestor may ask the Board to determine that an activity is financial in nature, to issue an advisory opinion that an activity is within the scope of an activity previously determined to be financial in nature, or to approve engagement in an activity complementary to a financial activity. Any FHC ceasing to meet capital or managerial prerequisites for FHC status must notify the Board by filing the FR 4012 of the deficiency, and often must submit plans to the Board to cure the deficiency. Any state member bank seeking to establish a financial subsidiary must seek the Board’s prior approval by submitting the FR 4017. Any FHC seeking to extend the 10–year holding period for a merchant banking investment must submit the FR 4019 to apply for the Board’s prior approval, and a FHC also must notify the Board if it routinely manages or operates a portfolio company for more than nine months. All FHCs engaging in merchant banking activities must keep records of those activities, and make them VerDate Aug<31>2005 18:39 Mar 30, 2007 Jkt 211001 available to examiners as specified in the FR 4023 requirements. There are no formal reporting forms for these collections of information, which are event generated, though in each case the type of information required to be filed is described in the Board’s regulations. These collections of information are required pursuant to amendments made by the GLB Act to the Bank Holding Company Act or the Federal Reserve Act, or Board regulations issued to carry out the GLB Act. Board of Governors of the Federal Reserve System, March 28, 2007. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E7–6042 Filed 3–30–07; 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 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 April 26, 2007. PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 A. Federal Reserve Bank of Boston (Richard Walker, Community Affairs Officer) P.O. Box 55882, Boston, Massachusetts 02106-2204: 1. Boston Private Financial Holdings, Inc., Boston, Massachusetts; to acquire 100 percent of the voting shares of Charter Financial Corporation, Bellevue, Washington, and thereby indirectly acquire voting shares of Charter Bank, Bellevue, Washington. In connection with this Application, Applicant also has applied to engage in management consulting activities through Banc Support, Inc., Kent, Washington, pursuant to section 225.28(b)(9)(i)(A) of Regulation Y. B. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice President) 2200 North Pearl Street, Dallas, Texas 752012272: 1. Opportunity Bancshares, Inc., Richardson, Texas; to become a bank holding company by acquiring 100 percent of the voting shares of Opportunity Bank, National Association, Richardson, Texas. Board of Governors of the Federal Reserve System, March 27, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–5946 Filed 3–30–07; 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 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 E:\FR\FM\02APN1.SGM 02APN1

Agencies

[Federal Register Volume 72, Number 62 (Monday, April 2, 2007)]
[Notices]
[Page 15694]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-5946]


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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 April 26, 2007.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) P.O. Box 55882, Boston, Massachusetts 02106-2204:
    1. Boston Private Financial Holdings, Inc., Boston, Massachusetts; 
to acquire 100 percent of the voting shares of Charter Financial 
Corporation, Bellevue, Washington, and thereby indirectly acquire 
voting shares of Charter Bank, Bellevue, Washington.
    In connection with this Application, Applicant also has applied to 
engage in management consulting activities through Banc Support, Inc., 
Kent, Washington, pursuant to section 225.28(b)(9)(i)(A) of Regulation 
Y.
    B. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Opportunity Bancshares, Inc., Richardson, Texas; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Opportunity Bank, National Association, Richardson, Texas.

    Board of Governors of the Federal Reserve System, March 27, 
2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7-5946 Filed 3-30-07; 8:45 am]
BILLING CODE 6210-01-S