Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 6006 [2016-02088]
[Federal Register Volume 81, Number 23 (Thursday, February 4, 2016)]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-02088]
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Bank Holding
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 February 29, 2016.
A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Parkway Acquisition Corp, Floyd, Virginia, to become a bank
holding company through the acquisition of 100 percent of the voting
securities of Grayson Bankshares, Inc., Independence, Virginia, and
indirectly acquire The Grayson National Bank, Independence, Virginia;
and 100 percent of the voting securities of Cardinal Bankshares
Corporation, Floyd, Virginia, and thereby indirectly acquire Bank of
Floyd, Floyd, Virginia.
B. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice
President) 1000 Peachtree Street NE., Atlanta, Georgia 30309:
1. Commercial Bancgroup, Inc., Harrogate, Tennessee; to acquire
National Bank of Tennessee, Newport, Tennessee Bank. In addition,
Commercial Bank, Harrogate, Tennessee, to merge with Bank.
2. WCSB Holding Company, Inc., to become a bank holding company by
acquiring 100 percent of the outstanding shares of Wilcox County State
Bank, both of Abbeville, Georgia.
Board of Governors of the Federal Reserve System, January 29,
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2016-02088 Filed 2-3-16; 8:45 am]
BILLING CODE 6210-01-P