Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 24024 [2011-10295]
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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: https://
www.federalreserve.gov. Follow the
SUMMARY:
PO 00000
Frm 00056
Fmt 4703
Sfmt 4703
instructions for submitting comments at
https://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: https://
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
https://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
