Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 55960-55961 [2019-22724]

Download as PDF 55960 Federal Register / Vol. 84, No. 202 / Friday, October 18, 2019 / Notices Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503, or by fax to (202) 395–6974. A copy of the PRA OMB submission, including the reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files. These documents also are available on the Federal Reserve Board’s public website at https://www.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears above. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve and assign OMB control numbers to collections of information conducted or sponsored by the Board. Boardapproved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the PRA Submission, supporting statements, and approved collection of information instrument(s) are placed into OMB’s public docket files. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Report title: Recordkeeping Provisions Associated with Guidance on Leveraged Lending. Agency form number: FR 4203. OMB control number: 7100–0354. Frequency: On occasion. Respondents: All financial institutions substantively engaged in leveraged lending activities supervised by the Board. Estimated number of respondents: 40. Estimated average hours per response: 755. Estimated annual burden hours: 30,200 hours. General description of report: The Interagency Guidance on Leveraged Lending (Guidance) 1 outlines high-level principles related to safe-and-sound leveraged lending activities. The Guidance includes a number of voluntary recordkeeping provisions that apply to financial institutions for which the Board is the primary federal supervisor, including bank holding companies, savings and loan holding companies, state member banks, and 1 ‘‘Interagency Guidance on Leveraged Lending,’’ March 21, 2013, available at https:// www.federalreserve.gov/supervisionreg/srletters/ sr1303a1.pdf. The Guidance was published jointly by the Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. VerDate Sep<11>2014 16:37 Oct 17, 2019 Jkt 250001 state-chartered branches and agencies of foreign banks, that engage in leveraged lending activities. There are no reporting forms associated with this information collection (the FR 4203 designation is for internal purposes only). The Guidance includes several provisions that suggest financial institutions engage in recordkeeping. The guidance states that institutions should maintain: • Well-defined underwriting standards that, among other things, define acceptable leverage levels and describe amortization expectations for senior and subordinate debt; • sound management information systems that enable management to identify, aggregate, and monitor leveraged exposures and comply with policy across all business lines; • strong pipeline management policies and procedures that, among other things, provide for real-time information on exposures and limits, and exceptions to the timing of expected distributions and approved hold levels; and • guidelines for conducting periodic portfolio and pipeline stress tests to quantify the potential impact of economic and market conditions on the institution’s asset quality, earnings, liquidity, and capital. Many community banks are not subject to the Guidance because they do not engage in leveraged lending. The limited number of community and smaller institutions that are involved in leveraged lending activities may discuss with the Federal Reserve System how to implement these collections of information in a cost-effective manner that is appropriate for the complexity of their exposures and activities. Legal authorization and confidentiality: The recordkeeping provisions of the Guidance are authorized pursuant to sections 9(6), 25, and 25A of the Federal Reserve Act (12 U.S.C. 324, 602, and 625) (for state member banks, agreement corporations, and Edge corporations, respectively); section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)) (for bank holding companies); section 10(b)(3) of the Home Owners’ Loan Act (12 U.S.C. 1467a(b)(3)) (for savings and loan holding companies); and section 7(c)(2) of the International Banking Act (12 U.S.C. 3105(c)(2)) (for state-licensed branches and agencies of foreign banks, other than insured branches). The information collections under the FR 4203 are voluntary. Because these records would be maintained at each banking organization, the Freedom of Information Act (FOIA) would only be PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 implicated if the Board obtained such records as part of the examination or supervision of a banking organization. In the event the records are obtained by the Board as part of an examination or supervision of a financial institution, this information may be considered confidential pursuant to exemption 8 of the FOIA, which protects information contained in ‘‘examination, operating, or condition reports’’ obtained in the bank supervisory process (5 U.S.C. 552(b)(8)). In addition, the information may also be kept confidential under exemption 4 of the FOIA, which protects ‘‘commercial or financial information obtained from a person [that is] privileged or confidential’’ (5 U.S.C. 552(b)(4)). Current actions: On July 3, 2019, the Board published a notice in the Federal Register (84 FR 31866) requesting public comment for 60 days on the extension, without revision, of the Recordkeeping Provisions Associated with Guidance on Leveraged Lending. The comment period for this notice expired on September 3, 2019. The Board did not receive any comments. Board of Governors of the Federal Reserve System, October 11, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–22733 Filed 10–17–19; 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)). Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of E:\FR\FM\18OCN1.SGM 18OCN1 Federal Register / Vol. 84, No. 202 / Friday, October 18, 2019 / Notices the Board of Governors, Ann E. Misback, Secretary of the Board, 20th and Constitution Avenue NW, Washington DC 20551–0001, not later than November 15, 2019. A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23219. Comments can also be sent electronically to or Comments.applications@rich.frb.org: 1. C&F Financial Corporation, West Point, Virginia; to acquire Peoples Bankshares, Incorporated, and thereby indirectly acquire Peoples Community Bank, both of Montross, Virginia. Board of Governors of the Federal Reserve System, October 11, 2019. Ann Misback, Secretary of the Board. [FR Doc. 2019–22724 Filed 10–17–19; 8:45 am] BILLING CODE P FEDERAL TRADE COMMISSION Granting of Requests for Early Termination of the Waiting Period Under the Premerger Notification Rules Section 7A of the Clayton Act, 15 U.S.C. 18a, as added by Title II of the Hart-Scott- Rodino Antitrust Improvements Act of 1976, requires persons contemplating certain mergers or acquisitions to give the Federal Trade Commission and the Assistant Attorney General advance notice and to wait designated periods before consummation of such plans. Section 7A(b)(2) of the Act permits the agencies, in individual cases, to terminate this waiting period prior to its expiration and requires that notice of this action be published in the Federal Register. 55961 The following transactions were granted early termination—on the dates indicated—of the waiting period provided by law and the premerger notification rules. The listing for each transaction includes the transaction number and the parties to the transaction. The grants were made by the Federal Trade Commission and the Assistant Attorney General for the Antitrust Division of the Department of Justice. Neither agency intends to take any action with respect to these proposed acquisitions during the applicable waiting period. EARLY TERMINATIONS GRANTED SEPTEMBER 1, 2019 THRU SEPTEMBER 30, 2019 09/03/2019 20191856 ...... G 20191858 20191859 20191860 20191868 20191869 20191871 20191877 20191882 20191889 20191893 20191896 G G G G G G G G G G G ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... CK Williams UK Holdings Limited; Macquarie Infrastructure Partners II International, L.P.; CK Williams UK Holdings Limited. IIF US Holding 2 LP; El Paso Electric Company; IIF US Holding 2 LP. Marc Andreessen; Slack Technologies, Inc.; Marc Andreessen. Benjamin Horowitz; Slack Technologies, Inc.; Benjamin Horowitz. Glazer’s, Inc.; John K. Gillis; Glazer’s, Inc. Russel Metals Inc.; City Pipe & Supply Corp. Employee Stock Ownership Trust; Russel Metals Inc. Pilot Corporation; NGL Energy Partners LP; Pilot Corporation. Permira VII L.P. 1; Cambrex Corporation; Permira VII L.P. 1. Wind Point Partners CV1, LP; Callery Holdings, LLC; Wind Point Partners CV1, LP. Grain Communications Opportunities Fund II, L.P; Cable Bahamas,Ltd.; Grain Communications Opportunities Fund II, L.P. GTCR Fund XII/B LP; New York Credit SBIC Fund L.P.; GTCR Fund XII/B LP. CCP III AIV VII, L.P.; NVX Holdings, Inc.; CCP III AIV VII, L.P. 09/04/2019 20191862 ...... G Luminus Energy Partners, Ltd.; Valaris plc; Luminus Energy Partners, Ltd. 09/06/2019 20191660 20191863 20191870 20191887 20191891 ...... ...... ...... ...... ...... G G G G G Visa, Inc.; Matthew Katz; Visa, Inc. Paul C. Hilal; Aramark; Paul C. Hilal. Avon Rubber p.l.c.; 3M Company; Avon Rubber p.l.c. Sterling Construction Company, Inc.; Gregory K. Rogers; Sterling Construction Company, Inc. AIA Florence Aggregator LLC; LS Power Equity Partners III, L.P.; AIA Florence Aggregator LLC. 09/09/2019 20191678 20191897 20191900 20191902 20191903 20191904 20191906 20191908 20191910 20191912 20191913 20191915 20191917 20191922 20191925 20191928 20191931 20191932 ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... VerDate Sep<11>2014 G G G G G G G G G G G G G G G G G G David and Janet Little; BNC Group LLC; David and Janet Little. Trident VI Parallel Fund, L.P.; Focus Financial Partners Inc.; Trident VI Parallel Fund, L.P. Banner Health; NCMC, Inc.; Banner Health. Wynnchurch Capital Partners IV, L.P.; Susan C. Walsh; Wynnchurch Capital Partners IV, L.P. Wynnchurch Capital Partners IV, L.P.; Gregory L. Weekes; Wynnchurch Capital Partners IV, L.P. SK Capital Partners V–A, LP; PolyOne Corporation; SK Capital Partners V–A, LP. Cerberus Institutional Partners VI, L.P.; Eileen C. Fisher and Mark J. Fisher; Cerberus Institutional Partners VI, L.P. Milestone Acquisition Holding, LLC; Chassis Acquisition Holding LLC; Milestone Acquisition Holding, LLC. BCEC Port Holdings (Delaware), LP; Presidio, Inc.; BCEC Port Holdings (Delaware), LP. Brad H Hall; Senergy Holdings LLC; Brad H Hall. The Simply Good Foods Company; Voyage Holdings, LLC; The Simply Good Foods Company. IG True Grit Holdings, LP; IG Igloo Holdings, Inc.; IG True Grit Holdings, LP. Tenex Capital Partners II, L.P.; Allied Wire & Cable, Inc.; Tenex Capital Partners II, L.P. Michael S. Dell; Carbon Black, Inc.; Michael S. Dell. Altas Partners Holdings II LP; The Resolute Fund III, L.P.; Altas Partners Holdings II LP. AstraZeneca PLC; Swedish Orphan Biovitrum AB (publ); AstraZeneca PLC. Acuity Brands, Inc.; Sentinel Capital Partners V, L.P.; Acuity Brands, Inc. Derek P. Maxfield & Shelaine Maxfield; Agnaten SE; Derek P. Maxfield & Shelaine Maxfield. 16:37 Oct 17, 2019 Jkt 250001 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 E:\FR\FM\18OCN1.SGM 18OCN1

Agencies

[Federal Register Volume 84, Number 202 (Friday, October 18, 2019)]
[Notices]
[Pages 55960-55961]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-22724]


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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)).
    Comments regarding each of these applications must be received at 
the Reserve Bank indicated or the offices of

[[Page 55961]]

the Board of Governors, Ann E. Misback, Secretary of the Board, 20th 
and Constitution Avenue NW, Washington DC 20551-0001, not later than 
November 15, 2019.
    A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice 
President) 701 East Byrd Street, Richmond, Virginia 23219. Comments can 
also be sent electronically to or [email protected]:
    1. C&F Financial Corporation, West Point, Virginia; to acquire 
Peoples Bankshares, Incorporated, and thereby indirectly acquire 
Peoples Community Bank, both of Montross, Virginia.

    Board of Governors of the Federal Reserve System, October 11, 
2019.
Ann Misback,
Secretary of the Board.
[FR Doc. 2019-22724 Filed 10-17-19; 8:45 am]
 BILLING CODE P