Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 32778-32779 [2010-13813]

Download as PDF 32778 Federal Register / Vol. 75, No. 110 / Wednesday, June 9, 2010 / Notices erowe on DSK5CLS3C1PROD with NOTICES 53. With respect to the licenses being offered in Auction 89, the service rules permit a variety of fixed, mobile, and paging services, though the opportunities for combining licenses on adjacent frequencies or in adjacent areas are limited in some cases. Balancing the potential need for bidders to use withdrawals to avoid winning incomplete combinations of licenses with the Bureau’s interest in deterring undesirable strategic use of withdrawals, the Bureau proposes a percentage below the maximum twenty percent permitted under the current rules but above the three percent previously provided by the Commission’s rules. Specifically, the Bureau proposes to establish an interim bid withdrawal payment of ten percent of the withdrawn bid for this auction. The Bureau seeks comment on this proposal. If commenters advocate the use of a different percentage they should provide relevant support including information on the likelihood that bidders will need to aggregate licenses on adjacent frequencies or in adjacent areas. ii. Establishing the Additional Default Payment Percentage 54. Any winning bidder that, after the close of an auction, defaults—by, for example, failing to remit the required down payment within the prescribed period of time, failing to submit a timely long-form application, or failing to make full payment—or is otherwise disqualified is liable for a default payment under 47 CFR 1.2104(g)(2). This payment consists of a deficiency payment, equal to the difference between the amount of the bidder’s bid and the amount of the winning bid the next time a license covering the same spectrum is won in an auction, plus an additional payment equal to a percentage of the defaulter’s bid or of the subsequent winning bid, whichever is less. 55. Section 1.2104(g)(2) of the Commission’s rules provides that in advance of each auction without combinatorial or package bidding, establish an additional default payment for that auction of three percent up to a maximum of twenty percent. The level of this payment in each case will be based on the nature of the service and the inventory of the licenses being offered. 56. As previously noted by the Commission, defaults weaken the integrity of the auction process and impede the deployment of service to the public, and an additional default payment of more than three percent will be more effective in deterring defaults. VerDate Mar<15>2010 15:10 Jun 08, 2010 Jkt 220001 Given the history of these services and the inventory of the licenses being offered in Auction 89, the Bureau believes that an additional default payment percentage of fifteen percent will provide a sufficient deterrent to defaults. The Bureau seeks comment on this proposal. IV. Ex Parte Rules 57. This proceeding has been designated as a permit-but-disclose proceeding in accordance with the Commission’s ex parte rules. Persons making oral ex parte presentations are reminded that memoranda summarizing the presentations must contain summaries of the substance of the presentations and not merely a listing of the subjects discussed. More than a one or two sentence description of the views and arguments presented is generally required. Other rules pertaining to oral and written ex parte presentations in permit-but-disclose proceedings are set forth in 47 CFR 1.1206(b). Federal Communications Commission. Gary D. Michaels, Deputy Chief, Auctions and Spectrum Access Division, WTB. [FR Doc. 2010–13880 Filed 6–8–10; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION FDIC Advisory Committee on Economic Inclusion (ComE-IN); Notice of Meeting AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Notice of open meeting. SUMMARY: In accordance with the Federal Advisory Committee Act, notice is hereby given of a meeting of the FDIC Advisory Committee on Economic Inclusion, which will be held in Washington, DC. The Advisory Committee will provide advice and recommendations on initiatives to expand access to banking services by underserved populations. DATES: Thursday, June 24, 2010, from 8:45 a.m. to 4 p.m. ADDRESSES: The meeting will be held in the FDIC Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC. FOR FURTHER INFORMATION CONTACT: Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Committee Management Officer of the FDIC, at (202) 898–7043. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00044 Fmt 4703 Sfmt 4703 Agenda: The agenda will be focused on the Small Dollar Loan Pilot Program, Safe Transactional and Savings Account Proposed Templates, and Policy and Project Updates. The agenda may be subject to change. Any changes to the agenda will be announced at the beginning of the meeting. Type of Meeting: The meeting will be open to the public, limited only by the space available on a first-come, firstserved basis. For security reasons, members of the public will be subject to security screening procedures and must present a valid photo identification to enter the building. The FDIC will provide attendees with auxiliary aids (e.g., sign language interpretation) required for this meeting. Those attendees needing such assistance should call (703) 562–6067 (Voice or TTY) at least two days before the meeting to make necessary arrangements. Written statements may be filed with the committee before or after the meeting. This ComE-IN meeting will be Webcast live via the Internet at: http://www.vodium.com/ goto/fdic/advisorycommittee.asp. This service is free and available to anyone with the following systems requirements: http://www.vodium.com/ home/sysreq.html. Adobe Flash Player is required to view these presentations. The latest version of Adobe Flash Player can be downloaded at http:// www.adobe.com/shockwave/download/ download.cgi?P1_Prod_Version= ShockwaveFlash. Installation questions or troubleshooting help can be found at the same link. For optimal viewing, a high speed internet connection is recommended. The ComE-IN meeting videos are made available on-demand approximately two weeks after the event. Dated: June 4, 2010. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary, Federal Deposit Insurance Corporation. [FR Doc. 2010–13846 Filed 6–8–10; 8:45 am] BILLING CODE 6714–01–P 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 E:\FR\FM\09JNN1.SGM 09JNN1 Federal Register / Vol. 75, No. 110 / Wednesday, June 9, 2010 / Notices 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 June 23, 2010. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. John V. Tippmann, Sr., as an individual, and John V. Tippman, Sr.; John and Helen McCarthy; Richard and Sally Ley; John Tippman, Jr.; Patrick Tippman, and Brian and Jennifer Backstrom; all of Fort Wayne Indiana, acting as a group acting in concert; and Keith E. Busse, as an individual; Keith E. Busse Family Investment Company, LLC; and Aaron R. Busse, all of Fort Wayne, Indiana, also as a group acting in concert, to acquire voting shares of Tower Financial Corporation, and thereby indirectly acquire voting shares of Tower Bank & Trust Company, both of Fort Wayne, Indiana. Board of Governors of the Federal Reserve System, June 3, 2010. Jennifer J. Johnson, Secretary of the Board. [FR Doc. 2010–13813 Filed 6–8–10; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM erowe on DSK5CLS3C1PROD with NOTICES 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 June 24, 2010. A. Federal Reserve Bank of Dallas (E. Ann Worthy, Vice President) 2200 VerDate Mar<15>2010 15:10 Jun 08, 2010 Jkt 220001 North Pearl Street, Dallas, Texas 75201– 2272: 1. Thomas L. Rees, Colorado City, Texas; to retain voting shares of City National Bancshares, Inc., and thereby indirectly retain voting shares of The City National Bank of Colorado City, both of Colorado City, Texas. Board of Governors of the Federal Reserve System, June 4, 2010. Robert deV. Frierson, Deputy Secretary of the Board. 32779 percent of the voting shares of Metropolitan Bank Holding Corp., and thereby indirectly acquire voting shares of Metropolitan National Bank, both of New York, New York. Board of Governors of the Federal Reserve System, June 3, 2010. Jennifer J. Johnson, Secretary of the Board. [FR Doc. 2010–13814 Filed 6–8–10; 8:45 am] BILLING CODE 6210–01–S [FR Doc. 2010–13853 Filed 6–8–10; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies 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 July 2, 2010. A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 33 Liberty Street, New York, New York 10045–0001: 1. Urban National Holding Corp., New York, New York; to become a bank holding company by acquiring 100 PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 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 July 6, 2010. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Prairieland Bancorp Employee Stock Ownership Plan and Trust, Bushnell, Illinois; to acquire additional voting shares of Prairieland Bancorp, Inc., and thereby indirectly acquire additional voting shares of Farmers and E:\FR\FM\09JNN1.SGM 09JNN1

Agencies

[Federal Register Volume 75, Number 110 (Wednesday, June 9, 2010)]
[Notices]
[Pages 32778-32779]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-13813]


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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 Sec. [thinsp]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

[[Page 32779]]

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 June 23, 2010.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. John V. Tippmann, Sr., as an individual, and John V. Tippman, 
Sr.; John and Helen McCarthy; Richard and Sally Ley; John Tippman, Jr.; 
Patrick Tippman, and Brian and Jennifer Backstrom; all of Fort Wayne 
Indiana, acting as a group acting in concert; and Keith E. Busse, as an 
individual; Keith E. Busse Family Investment Company, LLC; and Aaron R. 
Busse, all of Fort Wayne, Indiana, also as a group acting in concert, 
to acquire voting shares of Tower Financial Corporation, and thereby 
indirectly acquire voting shares of Tower Bank & Trust Company, both of 
Fort Wayne, Indiana.

    Board of Governors of the Federal Reserve System, June 3, 2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-13813 Filed 6-8-10; 8:45 am]
BILLING CODE 6210-01-S