Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 71939-71940 [2019-28000]

Download as PDF Federal Register / Vol. 84, No. 249 / Monday, December 30, 2019 / Notices FEDERAL RESERVE SYSTEM FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities khammond on DSKJM1Z7X2PROD with NOTICES The companies listed in this notice have applied to the Board for approval, pursuant to the Home Owners’ Loan Act (12 U.S.C. 1461 et seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12 CFR part 239), and all other applicable statutes and regulations to become a savings and loan holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a savings association. The applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank indicated. The applications also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on whether the proposed transaction complies with the standards enumerated in the HOLA (12 U.S.C. 1467a(e)). 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 Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington DC 20551– 0001, not later than January 27, 2020. A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105– 1521. Comments can also be sent electronically to Comments.applications@phil.frb.org: 1. RSB Bancorp, MHC, and RSB Bancorp, Inc., both of Roselle, New Jersey; to become a savings and loan holding company and a mid-tier savings and loan holding company, respectively, in connection with the conversion of Roselle Bank, Roselle, New Jersey, from a New Jersey statechartered stock savings bank to a New Jersey state-chartered stock savings association. Board of Governors of the Federal Reserve System, December 23, 2019. Ann Misback, Secretary of the Board. [FR Doc. 2019–28167 Filed 12–27–19; 8:45 am] BILLING CODE 6210–01–P VerDate Sep<11>2014 20:00 Dec 27, 2019 Jkt 250001 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, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than January 13, 2020. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. FCN Banc Corp, Brookville, Indiana; to acquire DSA Financial Corporation and thereby indirectly acquire Dearborn Savings Bank, both of Lawrenceburg, Indiana, and thereby operate a savings association pursuant to section 4(c)(8) of the BHC Act. Board of Governors of the Federal Reserve System, December 20, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–28001 Filed 12–27–19; 8:45 am] BILLING CODE 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 PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 71939 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, if any, 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 the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than January 27, 2020. A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior Manager) P.O. Box 442, St. Louis, Missouri 63166–2034. Comments can also be sent electronically to Comments.applications@stls.frb.org: 1. Genesis Bancorp, Inc., Benoit, Mississippi; to become a bank holding company by acquiring Bank of Benoit, Benoit, Mississippi. Board of Governors of the Federal Reserve System, December 23, 2019. Ann Misback, Secretary of the Board. [FR Doc. 2019–28178 Filed 12–27–19; 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, if any, are available for immediate inspection at the Federal E:\FR\FM\30DEN1.SGM 30DEN1 71940 Federal Register / Vol. 84, No. 249 / Monday, December 30, 2019 / Notices 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 the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than January 23, 2020. A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior Manager) P.O. Box 442, St. Louis, Missouri 63166–2034. Comments can also be sent electronically to Comments.applications@stls.frb.org: 1. First Horizon National Corporation, Memphis, Tennessee; to acquire IBERIABANK Corporation and thereby indirectly acquire IBERIABANK, both of Lafayette, Louisiana. B. Federal Reserve Bank of New York (Ivan Hurwitz, Senior Vice President) 33 Liberty Street, New York, New York 10045–0001. Comments can also be sent electronically to Comments.applications@ny.frb.org: 1. Barclays US Holdings Limited, New York, New York; a company organized under the laws of the Cayman Islands, to become a bank holding company by acquiring Barclays US LLC, also of New York, New York, and thereby indirectly acquire Barclays Bank Delaware, Wilmington, Delaware. In addition, Barclays PLC and Barclays Bank PLC, both of London, England, to retain Barclays US Holdings Limited and thereby indirectly acquire Barclays US LLC and Barclays Bank Delaware. Board of Governors of the Federal Reserve System, December 20, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–28000 Filed 12–27–19; 8:45 am] BILLING CODE P khammond on DSKJM1Z7X2PROD 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 (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)). 20:00 Dec 27, 2019 Jkt 250001 Board of Governors of the Federal Reserve System, December 20, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–27999 Filed 12–27–19; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM [Docket No. OP–1692] Modifications to the Federal Reserve Banks’ National Settlement Service and Fedwire® Funds Service To Support Enhancements to the SameDay ACH Service and Corresponding Changes to the Federal Reserve Policy on Payment System Risk Board of Governors of the Federal Reserve System. ACTION: Notice. AGENCY: The Board of Governors (Board) has approved modifications to the Federal Reserve Banks’ (Reserve Banks) payment services to facilitate adoption of a later same-day automated clearinghouse (ACH) processing and settlement window. Specifically, the Reserve Banks will extend the daily operating hours of the National Settlement Service (NSS) and the Fedwire® Funds Service. To mitigate the risk that these modified hours will cause more frequent delays to the 9:00 p.m. eastern time (ET) reopening of the Fedwire Funds Service, the Reserve SUMMARY: FEDERAL RESERVE SYSTEM VerDate Sep<11>2014 The applications listed below, as well as other related filings required by the Board, if any, 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 paragraph 7 of the Act. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th and Constitution Avenue NW, Washington, DC 20551–0001, not later than January 8, 2020. A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Susan Chapman Plumb, Tahlequah, Oklahoma; to retain voting shares of Grandview Bankshares, Inc., and thereby indirectly retain voting shares of Cherokee County Bancshares, Inc. and Bank of Cherokee County, all of Hulbert, Oklahoma. PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 Banks will modify the practice of maintaining a 2-hour window between the closing and reopening of the Fedwire Funds Service to maintain only a 90-minute window, and will increase the $1 billion value threshold for extending the closing of the Fedwire Funds Service to $3 billion. Finally, the Board has approved corresponding changes to the Federal Reserve Policy on Payment System Risk (PSR policy). DATES: Implementation date: March 19, 2021. FOR FURTHER INFORMATION CONTACT: Michael Ballard, Senior Financial Institution and Policy Analyst (202– 452–2384); Ann Sun, Lead Financial Institution and Policy Analyst (202– 912–7938), Division of Reserve Bank Operations and Payment Systems; or Evan H. Winerman, Senior Counsel (202–872–7578), Legal Division; for users of Telecommunication Devices for the Deaf (TDD) only, contact (202–263– 4869). SUPPLEMENTARY INFORMATION: I. Background On May 16, 2019, the Board published a Federal Register notice (Notice) seeking public comment on modifications to the Reserve Banks’ payment services to facilitate adoption of a later same-day ACH processing and settlement window.1 As described more fully in the Notice, the ACH network is made up of two network operators: The Reserve Banks, which operate the FedACH® service, and The Clearing House Payments Company L.L.C. (TCH), which operates the Electronic Payments Network (EPN) service.2 The ACH network is governed by the rules of the ACH operators, which generally incorporate the Nacha Operating Rules 1 84 FR 22123 (May 16, 2019). In addition, the Board has announced that the Federal Reserve intends to explore further expanded hours for NSS and the Fedwire Funds Service, up to 24 × 7 × 365, to support a wide range of payment activities, including liquidity management in private-sector real-time gross settlement services for faster payments. See 84 FR 39297 (August 9, 2019). The Board is analyzing the risk, operational, and policy implications of further expanding operating hours of NSS and the Fedwire Funds Service. 2 The Reserve Banks settle all ACH transactions that are originated or received by FedACH customers, including transactions that are exchanged between the two operators. TCH arranges settlement for only those ACH transactions that are originated and received by EPN customers (that is, transactions within the EPN network). The Reserve Banks settle ACH transactions by posting credits and debits to the sending and receiving banks’ Federal Reserve accounts at the settlement time and date provided in the FedACH processing schedule. TCH uses NSS to settle its in-network ACH transactions in participants’ Federal Reserve accounts, typically sending NSS files at the same times the Reserve Banks settle FedACH transactions. E:\FR\FM\30DEN1.SGM 30DEN1

Agencies

[Federal Register Volume 84, Number 249 (Monday, December 30, 2019)]
[Notices]
[Pages 71939-71940]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-28000]


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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, if any, are available for immediate inspection 
at the Federal

[[Page 71940]]

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 the Board of Governors, 
Ann E. Misback, Secretary of the Board, 20th Street and Constitution 
Avenue NW, Washington, DC 20551-0001, not later than January 23, 2020.
    A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior 
Manager) P.O. Box 442, St. Louis, Missouri 63166-2034. Comments can 
also be sent electronically to [email protected]:
    1. First Horizon National Corporation, Memphis, Tennessee; to 
acquire IBERIABANK Corporation and thereby indirectly acquire 
IBERIABANK, both of Lafayette, Louisiana.
    B. Federal Reserve Bank of New York (Ivan Hurwitz, Senior Vice 
President) 33 Liberty Street, New York, New York 10045-0001. Comments 
can also be sent electronically to [email protected]:
    1. Barclays US Holdings Limited, New York, New York; a company 
organized under the laws of the Cayman Islands, to become a bank 
holding company by acquiring Barclays US LLC, also of New York, New 
York, and thereby indirectly acquire Barclays Bank Delaware, 
Wilmington, Delaware. In addition, Barclays PLC and Barclays Bank PLC, 
both of London, England, to retain Barclays US Holdings Limited and 
thereby indirectly acquire Barclays US LLC and Barclays Bank Delaware.

    Board of Governors of the Federal Reserve System, December 20, 
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-28000 Filed 12-27-19; 8:45 am]
BILLING CODE P
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