Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 24023-24024 [2011-10396]

Download as PDF 24023 Federal Register / Vol. 76, No. 83 / Friday, April 29, 2011 / Notices Waterbody/general area From longitude The westernmost boundary on the northern side of Cape Cod is an imaginary line drawn from three miles off shore to the mean high water line in Provincetown (This imaginary line is contiguous with the Cape Cod Bay NDA). The eastern edge of the boundary is contiguous with the state/federal line also known as the Submerged Lands Act boundary line and Territorial Sea boundary. The boundaries were chosen based on easy line-of-sight locations and generally represent all navigational waters. There is only one harbor within the proposed Outer Cape Cod NDA, which is Nauset Harbor. Small skiffs owned by the residents of the area are the primary users of Nauset Harbor. Other vessels that would use the harbor would most likely come from Provincetown Harbor, Pleasant Bay, or Chatham Harbor, all of which are currently NDAs and have pumpout facilities for these boaters. Massachusetts has certified that there is one landside pumpout facility at Goose Hummock Marine in Orleans within the proposed area available to the boating public. The location, contact From latitude 70°10′0″ W 42°7′59″ N information, hours of operation, and water depth are provided at the end of this petition. Massachusetts has provided documentation indicating that the total vessel population is estimated to be 519 in the proposed area. It is estimated that 91 of the total vessel population may have a Marine Sanitation Device (MSD) of some type. The majority of coastline of the proposed area is the Cape Cod National Seashore, a 43,500 acre park established by Congress in 1961 to, ‘‘preserve the nationally significant and special cultural and natural features, distinctive patterns of human activity, and ambience that characterize the Outer Cape, along with the associated scenic, To longitude 70°10′0″ W To latitude 42°4′47″ N cultural, historic, scientific, and recreational values’’, and to, ‘‘provide opportunities for current and future generations to experience, enjoy, and understand these features and values.’’ The various beaches, marshes, and harbors and their recreational opportunities attract thousands of visitors to Cape Cod every year. On the eastern shore of Cape Cod, from Chatham to Provincetown there are 24 bathing beaches covering over thirty miles of coastline. The area contains known habitat for soft shelled clam, surf clam, sea scallop, quahog, ocean quahog, and blue mussel; all important recreational and commercial species. PUMPOUT FACILITY WITHIN PROPOSED NO DISCHARGE AREA [Outer Cape Cod] Name Location Goose Hummock Marine, Nauset Harbor .................. Dated: April 20, 2011. Ira W. Leighton, Acting Regional Administrator, New England Region. [FR Doc. 2011–10347 Filed 4–28–11; 8:45 am] BILLING CODE 6560–50–P FEDERAL RESERVE SYSTEM srobinson on DSKHWCL6B1PROD with NOTICES Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company 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 shares of 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 offices of the Board of Governors. VerDate Mar<15>2010 17:39 Apr 28, 2011 Jkt 223001 Contact info. 13 Old County Rd, Orleans, MA. Hours 508–255–2620 VHF 16 ... On call ............ 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 May 16, 2011. A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice President) 701 East Byrd Street, Richmond, Virginia 23261–4528: 1. Mark A. Snyder, Kittanning, Pennsylvania; individually, to acquire voting shares of Nextier, Inc., Butler, Pennsylvania, and thereby indirectly acquire voting shares of Nextier Bank N.A., Evans City, Pennsylvania. Dated: Board of Governors of the Federal Reserve System, April 26, 2011. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2011–10395 Filed 4–28–11; 8:45 am] BILLING CODE 6210–01–P PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 Mean low water depth 3 ft. 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 E:\FR\FM\29APN1.SGM 29APN1 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]
[Pages 24023-24024]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-10396]


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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

[[Page 24024]]

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.

    Dated: Board of Governors of the Federal Reserve System, April 
26, 2011.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2011-10396 Filed 4-28-11; 8:45 am]
BILLING CODE 6210-01-P