Notice to All Interested Parties of the Termination of the Receiverships of 10016 Main Street Bank, Northville, MI, 11185-11186 [2013-03597]

Download as PDF Federal Register / Vol. 78, No. 32 / Friday, February 15, 2013 / Notices use of withdrawals for anti-competitive purposes. The round in which withdrawals may be used will be at the bidder’s discretion, and there is no limit on the number of provisionally winning bids that may be withdrawn during that round. Withdrawals must be in accordance with the Commission’s rules, including the bid withdrawal payment provisions specified in 47 CFR 1.2104(g). The Bureau seeks comment on these bid withdrawal procedures. If commenters believe that each bidder should be allowed to withdraw provisionally winning bids in more than one round during the course of the auction, they should state how many bid withdrawal rounds they seek and explain what specific factors lead them to that conclusion. If commenters believe that bidders in this auction should not be permitted to withdraw any bids, they should discuss their reasoning for this suggestion. mstockstill on DSK4VPTVN1PROD with NOTICES C. Post-Auction Payments i. Interim Withdrawal Payment Percentage 54. The Bureau seeks comment on the appropriate percentage of a withdrawn bid that should be assessed as an interim withdrawal payment in the event that a final withdrawal payment cannot be determined at the close of the auction. In general, the Commission’s rules provide that a bidder that withdraws a bid during an auction is subject to a withdrawal payment equal to the difference between the amount of the withdrawn bid and the amount of the winning bid in the same or subsequent auction(s). If a bid is withdrawn and no subsequent higher bid is placed and/or the license is not won in the same auction, the final withdrawal payment cannot be calculated until after the close of a subsequent auction in which a higher bid for the license (or the equivalent to the license) is placed or the license is won. When that final payment cannot yet be calculated, the bidder responsible for the withdrawn bid is assessed an interim bid withdrawal payment, which will be applied toward any final bid withdrawal payment that is ultimately assessed. 47 CFR 1.2104(g)(1) requires that the percentage of the withdrawn bid to be assessed as an interim bid withdrawal payment be between three percent and twenty percent and that it be set in advance of the auction. 55. The Commission has determined that the level of the interim withdrawal payment in a particular auction will be based on the nature of the service and the inventory of the licenses being offered. The Commission has noted that VerDate Mar<15>2010 19:09 Feb 14, 2013 Jkt 229001 it may impose a higher interim withdrawal payment percentage to deter the anti-competitive use of withdrawals when, for example, bidders likely will not need to aggregate the licenses being offered in the auction, such as when few licenses are offered that are on adjacent frequencies or in adjacent areas, or when there are few synergies to be captured by combining licenses. With respect to the licenses being offered in Auction 95, 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 more limited than has been the case in previous auctions of paging licenses. 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. ii. Additional Default Payment Percentage 56. Any winning bidder that defaults or is disqualified after the close of an auction (i.e., fails to remit the required down payment within the prescribed period of time, fails to submit a timely long-form application, fails to make full and timely final 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 Auction 95 bidder’s winning 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. 57. The Commission’s rules provide that, in advance of each auction, it will establish a percentage between three percent and twenty percent of the applicable bid to be assessed as an additional default payment. As the Commission has indicated, the level of this additional payment in each auction will be based on the nature of the service and the licenses being offered. 58. For Auction 95, the Bureau proposes to establish an additional PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 11185 default payment of ten percent. Defaults weaken the integrity of the auction process and may impede the deployment of service to the public, and an additional ten percent default payment will be more effective in deterring defaults than the three percent used in some earlier auctions. At the same time, the Bureau does not believe the detrimental effects of any defaults in Auction 95 are likely to be unusually great. The Bureau seeks comment on this proposal. V. Ex Parte Rules 59. 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 provisions 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. 2013–03493 Filed 2–14–13; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Notice to All Interested Parties of the Termination of the Receiverships of 10016 Main Street Bank, Northville, MI Notice is hereby given that the Federal Deposit Insurance Corporation (‘‘FDIC’’) as Receiver for Main Street Bank, Northville, Michigan (‘‘the Receiver’’) intends to terminate its receivership for said institution. The FDIC was appointed receiver of Main Street Bank on October 10, 2008. The liquidation of the receivership assets has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receivership will serve no useful purpose. Consequently, notice is given that the receivership shall be terminated, to be effective no sooner than thirty days after the date of this Notice. If any person wishes to comment concerning the E:\FR\FM\15FEN1.SGM 15FEN1 11186 Federal Register / Vol. 78, No. 32 / Friday, February 15, 2013 / Notices termination of the receivership, such comment must be made in writing and sent within thirty days of the date of this Notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Department 32.1, 1601 Bryan Street, Dallas, TX 75201. No comments concerning the termination of this receivership will be considered which are not sent within this time frame. Dated at Washington, DC, this 12th day of February, 2013. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2013–03597 Filed 2–14–13; 8:45 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM mstockstill on DSK4VPTVN1PROD 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. 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 March 5, 2013. A. Federal Reserve Bank of St. Louis (Yvonne Sparks, Community Development Officer) P.O. Box 442, St. Louis, Missouri 63166–2034: 1. Marian V. Mehan, St. Louis, Missouri, as successor trustee of the Jolie Chase Knight Trust dated 12/20/01, and the Savannah Merrill Knight Trust dated 12/13/05, both in Thompsonville, Illinois; the Mark W. Knight Exempt Trust dated 12/11/95, St. Louis, Missouri; The EDK 2011 Family Trust Dated 5/26/2011, and The EDK Trust dated 2/18/05,both in Eldorado, Illinois; The 2010 John K. Pruellage Family Trust dated 12/22/10, St. Louis, Missouri; and the JCK 2012 Gift Trust dated 12/17/12, Thompsonville, Illinois; to retain voting shares of Banterra Corp., Eldorado, Illinois, and thereby indirectly retain VerDate Mar<15>2010 19:09 Feb 14, 2013 Jkt 229001 voting shares of Banterra Bank, Marion, Illinois. FEDERAL RESERVE SYSTEM Board of Governors of the Federal Reserve System, February 12, 2013. Margaret McCloskey Shanks, Deputy Secretary of the Board. Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities [FR Doc. 2013–03564 Filed 2–14–13; 8:45 am] BILLING CODE 6210–01–P 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 will also 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 March 15, 2013. A. Federal Reserve Bank of Dallas (E. Ann Worthy, Vice President) 2200 North Pearl Street, Dallas, Texas 75201– 2272: 1. Third Coast Bancshares, Inc., Humble, Texas; to become a bank holding company by acquiring 100 percent of the voting shares of Third Coast Bank, SSB, Humble, Texas. Board of Governors of the Federal Reserve System, February 12, 2013. Margaret McCloskey Shanks, Deputy Secretary of the Board. The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act. Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than March 5, 2013. A. Federal Reserve Bank of San Francisco (Kenneth Binning, Vice President, Applications and Enforcement) 101 Market Street, San Francisco, California 94105–1579: 1. Pacific Mercantile Bancorp, Costa Mesa, California; Carpenter Fund Manager GP, LLC; Carpenter Fund Management, LLC; Carpenter Community Bancfund, L.P.; Carpenter Community Bancfund-CA, L.P.; Carpenter Bank Partners, Inc.; and CCFW, Inc., all in Irvine, California, through their subsidiary, Pacific Mercantile Bancorp, PM Asset Management, Inc., Costa Mesa California, to engage in extending credit and servicing loans, pursuant to section 225.28 (b)(1). Board of Governors of the Federal Reserve System, February 12, 2013. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2013–03565 Filed 2–14–13; 8:45 am] BILLING CODE 6210–01–P [FR Doc. 2013–03566 Filed 2–14–13; 8:45 am] BILLING CODE 6210–01–P PO 00000 Frm 00054 Fmt 4703 Sfmt 9990 E:\FR\FM\15FEN1.SGM 15FEN1

Agencies

[Federal Register Volume 78, Number 32 (Friday, February 15, 2013)]
[Notices]
[Pages 11185-11186]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-03597]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Notice to All Interested Parties of the Termination of the 
Receiverships of 10016 Main Street Bank, Northville, MI

    Notice is hereby given that the Federal Deposit Insurance 
Corporation (``FDIC'') as Receiver for Main Street Bank, Northville, 
Michigan (``the Receiver'') intends to terminate its receivership for 
said institution. The FDIC was appointed receiver of Main Street Bank 
on October 10, 2008. The liquidation of the receivership assets has 
been completed. To the extent permitted by available funds and in 
accordance with law, the Receiver will be making a final dividend 
payment to proven creditors.
    Based upon the foregoing, the Receiver has determined that the 
continued existence of the receivership will serve no useful purpose. 
Consequently, notice is given that the receivership shall be 
terminated, to be effective no sooner than thirty days after the date 
of this Notice. If any person wishes to comment concerning the

[[Page 11186]]

termination of the receivership, such comment must be made in writing 
and sent within thirty days of the date of this Notice to: Federal 
Deposit Insurance Corporation, Division of Resolutions and 
Receiverships, Attention: Receivership Oversight Department 32.1, 1601 
Bryan Street, Dallas, TX 75201.
    No comments concerning the termination of this receivership will be 
considered which are not sent within this time frame.

    Dated at Washington, DC, this 12th day of February, 2013.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013-03597 Filed 2-14-13; 8:45 am]
BILLING CODE 6714-01-P
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