Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 79108-79109 [E8-30687]

Agencies

• FEDERAL RESERVE SYSTEM

[Federal Register Volume 73, Number 248 (Wednesday, December 24, 2008)]
[Notices]
[Pages 79108-79109]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-30687]


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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

[[Page 79109]]

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 January 19, 2009.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Community Bank Investors of America, L.P., and FA Capital, LLC, 
both of Richmond, Virginia, to retain control of 5.81 percent, and to 
acquire up to 9.90 percent of the voting shares of ICB Financial, and 
thereby indirectly acquire additional voting shares of Inland Community 
Bank, National Association, both of Ontario, California.
    2. Community Bank Investors of America, L.P., and FA Capital, LLC, 
both of Richmond, Virginia, to retain control of 6.82 percent, and to 
acquire up to 7.55 percent of the voting shares of Commonwealth 
Bankshares, Inc, and thereby indirectly acquire additional voting 
shares of Bank of Commonwealth, both of Norfolk, Virginia.
    B. Federal Reserve Bank of Atlanta (Steve Foley, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. Security Bancorp, Inc., to become a bank holding company by 
acquiring 100 percent of the voting shares of Security Federal Savings 
Bank of McMinnville, both of McMinnville, Tennessee, upon its 
conversion to a state chartered bank.

    Board of Governors of the Federal Reserve System, December 19, 
2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8-30687 Filed 12-23-08; 8:45 am]
BILLING CODE 6210-01-S