Formations of, Acquisitions by, and Mergers of Bank Holding Companies , 61488 [2010-24889]

Agencies

• FEDERAL RESERVE SYSTEM

[Federal Register: October 5, 2010 (Volume 75, Number 192)]
[Notices]               
[Page 61488]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr05oc10-100]                         

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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 October 28, 2010.
    A. Federal Reserve Bank of Dallas (E. Ann Worthy, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Steele Holdings, Inc., Tyler, Texas; to become a bank holding 
company by acquiring 100 percent of the voting shares of American State 
Bank, Arp, Texas.
    2. Woodforest Financial Group Employee Stock Ownership Plan (with 
401(k) Provisions) (Amended and Restated Effective March 1, 2006) and 
Woodforest Financial Group Employee Stock Ownership Trust, both of The 
Woodlands, Texas; to become a bank holding company by acquiring up to 
30 percent of the voting shares of Woodforest Financial Group, Inc., 
The Woodlands, Texas, and indirectly acquire voting shares of 
Woodforest National Bank, Houston, Texas.
    In connection with this application, Applicant also has applied to 
indirectly acquire Woodforest Bank, FSB, Refugio, Texas, and thereby 
engage in owning and operating a savings association, pursuant to 
Section 225.28(b)(4)(ii) of Regulation Y.

    Board of Governors of the Federal Reserve System, September 29, 
2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2010-24889 Filed 10-4-10; 8:45 am]
BILLING CODE 6210-01-S