[Federal Register Volume 61, Number 66 (Thursday, April 4, 1996)]
[Notices]
[Pages 15070-15071]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-8236]



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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. Once the application has

[[Page 15071]]
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 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, including whether the acquisition of the 
nonbanking company 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'' (12 U.S.C. 
1843). Any request for a hearing 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, 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 April 29, 1996.
    A. Federal Reserve Bank of New York (Christopher J. McCurdy, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. R&G Financial Corporation, Hato Rey, Puerto Rico; to become a 
bank holding company by acquiring 88.07 percent of the voting shares of 
R-G Premier Bank of Puerto Rico, Hato Rey, Puerto Rico.
    B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Premier Financial Bancorp, Inc., Georgetown, Kentucky; to 
acquire 100 percent of the voting shares of Farmers Deposit Bancorp, 
Eminence, Kentucky, and thereby indirectly acquire Farmers Deposit Bank 
of Eminence, Eminence, Kentucky.
    C. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. First Frederick Financial Corporation, Frederick, Maryland; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of First Bank of Frederick, Frederick, Maryland.

    Board of Governors of the Federal Reserve System, March 29, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-8236 Filed 4-3-96; 8:45 am]
BILLING CODE 6210-01-F