Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 813 [2018-00063]
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Federal Register / Vol. 83, No. 5 / Monday, January 8, 2018 / Notices
will consider, in conjunction with the
factors set out in 12 CFR 308.157:
(1) Whether the conviction or program
entry and the specific nature and
circumstances of the covered offense are
a criminal offense under Section 19;
(2) Whether the participation directly
or indirectly by the person in any
manner in the conduct of the affairs of
the insured institution constitutes a
threat to the safety and soundness of the
insured institution or the interests of its
depositors or threatens to impair public
confidence in the insured institution;
(3) Evidence of rehabilitation
including the person’s reputation since
the conviction or program entry, the
person’s age at the time of conviction or
program entry, and the time that has
elapsed since the conviction or program
entry;
(4) The position to be held or the level
of participation by the person at an
insured institution;
(5) The amount of influence and
control the person will be able to
exercise over the management or affairs
of an insured institution;
(6) The ability of management of the
insured institution to supervise and
control the person’s activities;
(7) The level of ownership the person
will have of the insured institution;
(8) The applicability of the insured
institution’s fidelity bond coverage to
the person; and
(9) Any additional factors in the
specific case that appear relevant
including but not limited to the opinion
or position of the primary Federal and/
or state regulator.
The foregoing criteria will also be
applied by the FDIC to determine
whether the interests of justice are
served in seeking an exception in the
appropriate court when an application
is made to terminate the ten-year ban
under 12 U.S.C. 1829(a)(2) for certain
Federal offenses, prior to its expiration
date.
Some applications can be approved
without an extensive review because the
person will not be in a position to
constitute any substantial risk to the
safety and soundness of the insured
institution. Persons who will occupy
clerical, maintenance, service, or purely
administrative positions generally fall
into this category. A more detailed
analysis will be performed in the case
of persons who will be in a position to
influence or control the management or
affairs of the insured institution. All
approvals and orders will be subject to
the condition that the person shall be
covered by a fidelity bond to the same
extent as others in similar positions. In
cases in which a waiver of the
institution filing requirement has been
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granted to an individual, approval of the
application will also be conditioned
upon that person disclosing the
presence of the conviction(s) or program
entry(ies) to all insured institutions in
the affairs of which he or she wishes to
participate. When deemed appropriate,
bank sponsored applications are to
allow the person to work in a specific
job at a specific bank and may also be
subject to the condition that the prior
consent of the FDIC will be required for
any proposed significant changes in the
person’s duties and/or responsibilities.
In the case of bank applications such
proposed changes may, in the discretion
of the Regional Director, require a new
application. In situations in which an
approval has been granted for a person
to participate in the affairs of a
particular insured institution and who
subsequently seeks to participate at
another insured depository institution,
another application must be submitted.
By Order of the Board of Directors.
Dated at Washington, DC, the 19th day of
December 2017.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017–28222 Filed 1–5–18; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
Thursday, January 11,
2018 at 10:00 a.m.
TIME AND DATE:
999 E Street NW, Washington,
DC (Ninth Floor)
PLACE:
This meeting will be open to
the public.
STATUS:
REG 2014–
02: Draft Notice of Proposed
Rulemaking on Independent
Expenditures by Authorized
Committees; Reporting Multistate
Independent Expenditures and
Electioneering Communications
Management and Administrative
Matters
*
*
*
*
*
MATTERS TO BE CONSIDERED:
CONTACT PERSON FOR MORE INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
Individuals who plan to attend and
require special assistance, such as sign
language interpretation or other
reasonable accommodations, should
contact Dayna C. Brown, Secretary and
PO 00000
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Clerk, at (202)694–1040, at least 72
hours prior to the meeting date.
Laura E. Sinram,
Deputy Secretary of the Commission.
[FR Doc. 2018–00211 Filed 1–4–18; 4:15 pm]
BILLING CODE 6715–01–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 January 29,
2018.
A. Federal Reserve Bank of Atlanta
(Kathryn Haney, Director of
Applications) 1000 Peachtree Street NE,
Atlanta, Georgia 30309. Comments can
also be sent electronically to
Applications.Comments@atl.frb.org:
1. Ameris Bancorp, Moultrie, Georgia;
to merge with Atlantic Coast Financial
Corporation, and thereby directly
acquire shares of Atlantic Coast Bank,
both of Jacksonville, Florida.
Board of Governors of the Federal Reserve
System, January 2, 2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018–00063 Filed 1–5–18; 8:45 am]
BILLING CODE P
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[Federal Register Volume 83, Number 5 (Monday, January 8, 2018)]
[Notices]
[Page 813]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-00063]
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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 January 29, 2018.
A. Federal Reserve Bank of Atlanta (Kathryn Haney, Director of
Applications) 1000 Peachtree Street NE, Atlanta, Georgia 30309.
Comments can also be sent electronically to
[email protected]:
1. Ameris Bancorp, Moultrie, Georgia; to merge with Atlantic Coast
Financial Corporation, and thereby directly acquire shares of Atlantic
Coast Bank, both of Jacksonville, Florida.
Board of Governors of the Federal Reserve System, January 2,
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-00063 Filed 1-5-18; 8:45 am]
BILLING CODE P
