[Federal Register Volume 60, Number 189 (Friday, September 29, 1995)]
[Notices]
[Pages 50624-50625]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-24247]



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FEDERAL RESERVE SYSTEM
HUBCO, Inc., et al.; Acquisitions of Companies Engaged in 
Permissible Nonbanking Activities

    The organizations listed in this notice have applied under Sec.  
225.23(a)(2) or (f) 

[[Page 50625]]
of the Board's Regulation Y (12 CFR 225.23(a)(2) or (f)) for the 
Board's approval under section 4(c)(8) of the Bank Holding Company Act 
(12 U.S.C. 1843(c)(8)) and Sec.  225.21(a) of Regulation Y (12 CFR 
225.21(a)) to acquire or control voting securities or assets of a 
company engaged in a nonbanking activity that is listed in Sec.  225.25 
of Regulation Y as closely related to banking and permissible for bank 
holding companies. Unless otherwise noted, such activities will be 
conducted throughout the United States.
    Each application is available for immediate inspection at the 
Federal Reserve Bank indicated. Once the application has been accepted 
for processing, it will also be available for inspection at the offices 
of the Board of Governors. Interested persons may express their views 
in writing on the question whether consummation of the proposal can 
``reasonably be expected to produce benefits to the public, such as 
greater convenience, increased competition, or gains in efficiency, 
that outweigh possible adverse effects, such as undue concentration of 
resources, decreased or unfair competition, conflicts of interests, or 
unsound banking practices.'' Any request for a hearing on this question 
must be accompanied by a statement of the reasons a written 
presentation would not suffice in lieu of a hearing, identifying 
specifically any questions of fact that are in dispute, summarizing the 
evidence that would be presented at a hearing, and indicating how the 
party commenting would be aggrieved by approval of the proposal.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated for the 
application or the offices of the Board of Governors not later than 
October 13, 1995.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. HUBCO, Inc., Mahwah, New Jersey, and United National Bancorp, 
Bridgewater, New Jersey; to acquire Hub Financial Services, Inc., 
Mahwah, New Jersey, and thereby engage in data processing activities, 
pursuant to Sec.  225.25(b)(7) of the Board's Regulation Y. These 
activities will be conducted worldwide.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. First American Corporation, Nashville, Tennessee; to acquire 
Charter Federal Savings Bank, Bristol, Virginia, and thereby engage in 
operating a savings association, pursuant to Sec.  225.25(b)(9) of the 
Board's Regulation Y; and in the sale of credit related insurance 
through Charter Federal Savings Bank's wholly-owned subsidiaries, 
Charter Financial Services Corporation and Highlands Service 
Corporation, pursuant to Sec.  225.25(b)(8)(i) of the Board's 
Regulation Y. The proposed activities will be conducted throughout the 
State of Virginia.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Old National Bancorp, Evansville, Indiana; to acquire First 
United Savings Bank, F.S.B., Greencastle, Indiana, and thereby engage 
in operating a savings association, pursuant to Sec.  225.25(b)(9) of 
the Board's Regulation Y. This activity will be conducted in Monroe 
County, Indiana.

    Board of Governors of the Federal Reserve System, September 25, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-24247 Filed 9-28-95; 8:45 am]
BILLING CODE 6210-01-F