Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 19852 [E8-7762]
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19852
Federal Register / Vol. 73, No. 71 / Friday, April 11, 2008 / Notices
100 percent of the voting shares of
Southbridge Savings Bank, all of
Southbridge, Massachusetts.
B. Federal Reserve Bank of
Philadelphia (Michael E. Collins, Senior
Vice President) 100 North 6th Street,
Philadelphia, Pennsylvania 19105–
1521:
1. The Hibshman Trust for Ephrata
National Bank Stock; to acquire 31.2
percent of the voting shares of ENB
Financial Corp., and thereby indirectly
acquire voting shares of Ephrata
National Bank, all of Ephrata,
Pennsylvania.
C. Federal Reserve Bank of St. Louis
(Glenda Wilson, Community Affairs
Officer) 411 Locust Street, St. Louis,
Missouri 63166–2034:
1. Reliable Community Bancshares,
Inc., Perryville, Missouri; to acquire 100
percent of the voting shares of
Countryside Bancshares, Inc., and
thereby indirectly acquire Countryside
Bank, both of Republic, Missouri.
Board of Governors of the Federal Reserve
System, April 7, 2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8–7645 Filed 4–10–08; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL RESERVE SYSTEM
mstockstill on PROD1PC66 with NOTICES
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 applications 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
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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 May 8, 2008.
A. Federal Reserve Bank of
Richmond (A. Linwood Gill, III, Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528:
1. Hampton Roads Bankshares, Inc.,
Norfolk, Virginia; to acquire 100 percent
of the voting shares of Shore Financial
Corporation, and thereby indirectly
acquire voting shares of Shore Bank,
both of Onley, Virginia.
Board of Governors of the Federal Reserve
System, April 8, 2008.
Margaret McCloskey Shanks,
Associate Secretary of the Board.
[FR Doc. E8–7762 Filed 4–10–08; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL RESERVE SYSTEM
Public Meetings; Application by Bank
of America Corporation, Charlotte, NC,
To Acquire Countrywide Financial
Corporation, Calabasas, CA
Board of Governors of the
Federal Reserve System.
ACTION: Notice of public meetings.
AGENCY:
SUMMARY: The Board will hold public
meetings in Los Angeles, California, and
Chicago, Illinois, regarding the notice
submitted by Bank of America
Corporation, Charlotte, North Carolina,
to acquire Countrywide Financial
Corporation, Calabasas, California, and
Countrywide Bank, FSB, Alexandria,
Virginia, as well as certain other
nonbanking subsidiaries, pursuant to
the Bank Holding Company Act (‘‘BHC
Act’’) and related statutes. The purpose
of the public meetings is to collect
information relating to factors the Board
is required to consider under the BHC
Act.
DATES: The Los Angeles, California,
meeting will be held on Monday, April
28, 2008, and Tuesday, April 29, 2008,
beginning at 8:30 a.m. PDT. The
Chicago, Illinois, meeting will be held
on Tuesday, April 22, 2008, beginning
at 8:30 a.m. CDT.
ADDRESSES: The public meeting in Los
Angeles, California, will be held at the
Los Angeles Branch of the Federal
Reserve Bank of San Francisco, 950
South Grand Avenue, Los Angeles,
California. The public meeting in
Chicago, Illinois, will be held at the
PO 00000
Frm 00051
Fmt 4703
Sfmt 4703
Federal Reserve Bank of Chicago, 230
South LaSalle Street, Chicago, Illinois.
FOR FURTHER INFORMATION CONTACT: For
the Los Angeles meeting, contact Scott
Turner, Community Affairs Officer,
Federal Reserve Bank of San Francisco,
101 Market Street, San Francisco,
California 94105 (phone: 415/974–2722;
facsimile: 415/393–1920). For the
Chicago meeting, contact Alicia
Williams, Vice President, Federal
Reserve Bank of Chicago, 230 South
LaSalle Street, Chicago, Illinois 60604
(phone: 312/322–5910; facsimile: 312/
913–2626).
SUPPLEMENTARY INFORMATION: On
February 15, 2008, Bank of America
Corporation, Charlotte, North Carolina
(‘‘Bank of America’’) requested the
Board’s approval under the BHC Act
and related statutes to acquire
Countrywide Financial Corporation,
Calabasas, California (‘‘Countrywide’’),
and thereby acquire Countrywide’s
wholly owned savings association
subsidiary, Countrywide Bank, FSB, as
well as Countrywide’s other nonbanking
subsidiaries. The Board hereby orders
that public meetings on the Bank of
America/Countrywide proposal be held
in Los Angeles, California, and Chicago,
Illinois.
Purpose and Procedures
The public meetings will collect
information relating to factors the Board
is required to consider under the BHC
Act. The factors the BHC Act requires
the Board to consider include whether
the notificant’s performance of the
activities can reasonably be expected to
produce benefits to the public (such as
greater convenience, increased
competition, and gains in efficiency)
that outweigh possible adverse effects
(such as undue concentration of
resources, decreased or unfair
competition, conflicts of interests, and
unsound banking practices).
Consideration of the above factors
includes an evaluation of the financial
and managerial resources of the
notificant, including its subsidiaries,
and any company to be acquired; the
effect of the proposed transaction on
those resources; and the management
expertise, internal control and riskmanagement systems, and capital of the
entity conducting the activity. In acting
on a notice to acquire a savings
association, the Board also reviews the
records of performance of the insured
depository institutions involved in the
proposal under the Community
Reinvestment Act, which requires the
Board to take into account a relevant
institution’s record of meeting the credit
needs of its entire community,
E:\FR\FM\11APN1.SGM
11APN1
]]>Agencies
[Federal Register Volume 73, Number 71 (Friday, April 11, 2008)]
[Notices]
[Page 19852]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-7762]
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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 applications 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 May 8, 2008.
A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Hampton Roads Bankshares, Inc., Norfolk, Virginia; to acquire
100 percent of the voting shares of Shore Financial Corporation, and
thereby indirectly acquire voting shares of Shore Bank, both of Onley,
Virginia.
Board of Governors of the Federal Reserve System, April 8, 2008.
Margaret McCloskey Shanks,
Associate Secretary of the Board.
[FR Doc. E8-7762 Filed 4-10-08; 8:45 am]
BILLING CODE 6210-01-S
