Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 24024 [2011-10295]

Download as PDF 24024 Federal Register / Vol. 76, No. 83 / Friday, April 29, 2011 / Notices 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. 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 26, 2011. A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) P.O. Box 442, St. Louis, Missouri 63166–2034: 1. First Security Bancorp, Searcy, Arkansas; to acquire an additional 3.96 percent, for a total of 9.9 percent, of the voting shares of Crossfirst Holdings, LLC, Leawood, Kansas, and thereby indirectly acquire additional voting shares of Crossfirst Bank Leawood, Leawood, Kansas, and Crossfirst Bank, Overland Park, Kansas. noted, nonbanking activities will be conducted throughout the United States. 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 23, 2011. A. Federal Reserve Bank of Atlanta (Clifford Stanford, Vice President) 1000 Peachtree Street, NE., Atlanta, Georgia 30309: 1. Sequatchie Valley Bancshares, Inc., Dunlap, Tennessee to acquire 100 percent of the outstanding shares of The Citizens Bank of Spencer, Spencer, Tennessee. Dated: Board of Governors of the Federal Reserve System, April 26, 2011. Robert deV. Frierson, Deputy Secretary of the Board. [Docket Number OP–1418] [FR Doc. 2011–10396 Filed 4–28–11; 8:45 am] Board of Governors of the Federal Reserve System, April 25, 2011. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2011–10295 Filed 4–28–11; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Request for Information Relating to Studies Regarding the Resolution of Financial Companies Under the Bankruptcy Code BILLING CODE 6210–01–P Board of Governors of the Federal Reserve System. ACTION: Notice and request for information. AGENCY: FEDERAL RESERVE SYSTEM srobinson on DSKHWCL6B1PROD 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 application 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 VerDate Mar<15>2010 17:39 Apr 28, 2011 Jkt 223001 Section 216 of the DoddFrank Wall Street Reform and Consumer Protection Act (the ‘‘Dodd-Frank Act’’) requires the Board, in consultation with the Administrative Office of the United States Courts (the ‘‘AOUSC’’), to conduct a study regarding the resolution of financial companies under Chapter 7 or Chapter 11 of the United States Bankruptcy Code (Title 11, U.S. Code) (the ‘‘Bankruptcy Code’’). Section 217 of the Dodd-Frank Act requires the Board, in consultation with the AOUSC, to conduct a study regarding international coordination relating to the resolution of systemic financial companies under the Bankruptcy Code and applicable foreign law. Section 216 and Section 217 of the Dodd-Frank Act each identifies specific issues that are to be studied under the relevant section. The Board is issuing this request for information through public comment to assist the Board in conducting these studies. DATES: Comment due date: May 31, 2011. ADDRESSES: You may submit comments, identified by Docket No. OP–1418, by any of the following methods: • Agency Web Site: http:// www.federalreserve.gov. Follow the SUMMARY: PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 instructions for submitting comments at http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • E-mail: regs.comments@federalreserve.gov. Include the docket number in the subject line of the message. • Fax: (202) 452–3819 or (202) 452– 3102. • Mail: Address to Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, NW., Washington, DC 20551. All public comments will be made available on the Board’s Web site at http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm as submitted, unless modified for technical reasons. Accordingly, comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room MP– 500 of the Board’s Martin Building (20th and C Streets, NW.) between 9 a.m. and 5 p.m. on weekdays. FOR FURTHER INFORMATION CONTACT: Sophia Allison, Senior Counsel (202/ 452–3565), or Gillian Burgess, Senior Attorney (202/736–5564), Legal Division; for users of Telecommunications Device for the Deaf (TDD) only, contact (202/263–4869); Board of Governors of the Federal Reserve System, 20th and C Streets, NW., Washington, DC 20551. SUPPLEMENTARY INFORMATION: I. Background The Dodd-Frank Act was enacted on July 21, 2010. Under Section 216 of the Dodd-Frank Act, the Board is required to conduct a study, in consultation with the AOUSC, regarding the resolution of financial companies under Chapter 7 or Chapter 11 of the Bankruptcy Code (the ‘‘Section 216 Study’’). Section 216 specifies five specific issues that are to be included in the Section 216 Study (124 Stat. 1519) Pub. Law 111–203, JULY 21, 2010. These issues generally are: (1) The effectiveness of the Bankruptcy Code in resolving systemic financial companies, (2) whether a special resolution court or panel for financial companies should be established, (3) whether amendments should be made to the Bankruptcy Code for dealing with financial companies, (4) whether the way that qualified financial contracts (QFCs) of financial companies in resolution are treated should be changed; and (5) whether a special chapter of the Bankruptcy Code for E:\FR\FM\29APN1.SGM 29APN1

Agencies

[Federal Register Volume 76, Number 83 (Friday, April 29, 2011)]
[Notices]
[Page 24024]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-10295]


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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 application 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.
    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 23, 2011.
    A. Federal Reserve Bank of Atlanta (Clifford Stanford, Vice 
President) 1000 Peachtree Street, NE., Atlanta, Georgia 30309:
    1. Sequatchie Valley Bancshares, Inc., Dunlap, Tennessee to acquire 
100 percent of the outstanding shares of The Citizens Bank of Spencer, 
Spencer, Tennessee.

    Board of Governors of the Federal Reserve System, April 25, 
2011.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2011-10295 Filed 4-28-11; 8:45 am]
BILLING CODE 6210-01-P