Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 6006 [2016-02088]

Agencies

• FEDERAL RESERVE SYSTEM

[Federal Register Volume 81, Number 23 (Thursday, February 4, 2016)]
[Notices]
[Page 6006]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-02088]


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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 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, 
2016.
Michael J. Lewandowski,
Associate Secretary of the Board.
 [FR Doc. 2016-02088 Filed 2-3-16; 8:45 am]
 BILLING CODE 6210-01-P