[Federal Register Volume 59, Number 114 (Wednesday, June 15, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-14473]


[[Page Unknown]]

[Federal Register: June 15, 1994]


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SMALL BUSINESS ADMINISTRATION
[Application No. 99000122]

 

First Commerce Capital, Inc.; Filing of an Application for a 
License To Operate as a Small Business Investment Company

    Notice is hereby given of the filing of an application with the 
Small Business Administration (SBA) pursuant to Sec. 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1994)) by First Commerce Capital, Inc. at Suite 1027, 821 
Gravier Street, New Commerce Capital, Inc. at Suite 1027, 821 Gravier 
Street, New Orleans, LA 70119, for a license to operate as a small 
business investment company (SBIC) under the Small Business Investment 
Act of 1958, as amended, (15 U.S.C. et. seq.), and the Rules and 
Regulations promulgated thereunder.
    First Commerce Capital, Inc. will be managed by Mr. William J. 
Harper, President and CEO, and Mr. Paul F. Griffin, Senior Vice 
President, First Commerce Corporation, a Louisiana bank holding 
company, will own 100% of the common stock of First Commerce Capital, 
Inc. The officers and directors of First Commerce Capital, Inc. are:

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               Name                                 Title               
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Ian Arnof..........................  Director.                          
Ashton J. Ryan.....................  Director.                          
Joseph V. Wilson III...............  Director.                          
Michael A. Flick...................  Director.                          
William J. Harper..................  Director, President, and CEO.      
Paul F. Griffin....................  Senior Vice President.             
Michael P. Kirby...................  Vice President.                    
Elizabeth W. Storms................  Secretary.                         
Jane B. Truett.....................  Treasurer.                         
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    All outside directors are officers of First Commerce Corporation.
    The applicant will have Regulatory Capital of $5.0 million in the 
first year rising to $24.0 million in year five. It will be a source of 
debt and equity financing for qualified small business concerns 
throughout the United States concentrating primarily in states around 
the Gulf of Mexico.
    Matters involved in SBA's consideration of the application include 
the general business reputation and character of the proposed owners 
and management, and the probability of successful operations of the new 
company under their management, including profitability and financial 
soundness in accordance with the Act and Regulations.
    Notice is hereby given that any person may, not later than 30 days 
from the date of publication of this Notice, submit written comments on 
the proposed SBIC to the Associate Administrator for Investment, Small 
Business Administration, 409 3rd Street, SW., Washington, DC 20416.
    A copy of this Notice will be published in a newspaper of general 
circulation in New Orleans, Louisiana.

(Catalog of Federal Domestic Assistance Programs No. 59.011, Small 
Business Investment companies)

    Dated: June 6, 1994.
[FR Doc. 94-14473 Filed 6-14-94; 8:45 am]
BILLING CODE 8025-01-M