Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 45771 [E8-18048]

Agencies

• FEDERAL RESERVE SYSTEM

[Federal Register Volume 73, Number 152 (Wednesday, August 6, 2008)]
[Notices]
[Page 45771]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-18048]


-----------------------------------------------------------------------

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 August 29, 2008.
    A. Federal Reserve Bank of Atlanta (Steve Foley, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. EdBancorp, Inc., and Educational Services of America, Inc., both 
of Knoxville, Tennessee, to become bank holding companies by acquiring 
100 percent of the outstanding shares of Community Bank of the 
Cumberlands, Jamestown, Tennessee.
    In connection with this application, Educational Services of 
America, Inc., also has applied to acquire 100 percent of the 
outstanding shares of EdSouth Funding, LLC, Knoxville, Tennessee, and 
thereby engage in making, acquiring, and brokering loans, or other 
extensions of credit, pursuant to section 225.28(b)(1) of Regulation Y.
    2. First Freedom Bancshares, Inc., to become a bank holding company 
by acquiring 100 percent of the voting shares of First Freedom Bank, 
both of Lebanon, Tennessee.
    B. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Premier Bancorp of Illinois, Inc., Farmer City, Illinois; to 
retain 20.8 percent of the voting shares of FM Bancorp, Inc., Paxton, 
Illinois, and thereby indirectly retain voting shares of Farmers-
Merchants National Bank of Paxton, Paxton, Illinois.
    In connection with this application, the applicant also has applied 
to retain a 40 percent ownership in TriCapital, L.L.C., Indianapolis, 
Indiana, and thereby engage in making, acquiring, brokering loans, or 
other extensions of credit, pursuant to section 225.28(b)(1) of 
Regulation Y.

    Board of Governors of the Federal Reserve System, July 31, 2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8-18048 Filed 8-5-08; 8:45 am]
BILLING CODE 6210-01-S