[Federal Register Volume 61, Number 172 (Wednesday, September 4, 1996)]
[Notices]
[Page 46651]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-22470]
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FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in Permissible Nonbanking
Activities or to Acquire Companies that are Engaged in Permissible
Nonbanking Activities
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 that engages either
directly or through a subsidiary or other company, in a nonbanking
activity that is listed in Sec. 225.25 of Regulation Y (12 CFR 225.25)
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. Once the notice 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 the proposal complies with the standards of section 4
of the BHC Act, including 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'' (12 U.S.C. 1843). 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 the applications must be
received at the Reserve Bank indicated or the offices of the Board of
Governors not later than September 17, 1996.
A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
1. Sun Bancorp, Inc., Selinsgrove, Pennsylvania; to engage de novo
through its subsidiary, Anthony Court Associates, L.P., Bloomsburg,
Pennsylvania, in community development activities, pursuant to Sec.
225.25(b)(6) of the Board's Regulation Y.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. I.S.B. Financial Corp., Oak Forest, Illinois; to engage de novo
in making and servicing loans, pursuant to Sec. 225.25(b)(1) of the
Board's Regulation Y.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Farmers Capital Bank Corporation, Frankfort, Kentucky; to engage
de novo through its subsidiary, FCB Services, Frankfort, Kentucky, in
providing data processing services to unaffiliated banks, including,
but not limited to, general ledger, deposit systems, and loan systems,
pursuant to Sec. 225.25(b)(7) of the Board's Regulation Y. The
geographic scope for these activities is Kentucky.
2. Mountain Bancshares, Inc., Yellville, Arkansas; to engage de
novo through its subsidiary, The Bank of Yellville Financial Services,
Yellville, Arkansas, in tax planning and preparation to be provided to
individuals, businesses, corporations and nonprofit organizations,
pursuant to Sec. 225.25(b)(21) of the Board's Regulation Y. The
geographic scope for these activities is Marion County, Arkansas and
contiguous counties.
D. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. Citizens Development Company, Billings Montana; to engage de
novo in data processing services, pursuant to Sec. 225.25(b)(7) of the
Board's Regulation Y. The geographic scope of this activity is
Iroquois, South Dakota.
E. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Plains Capital Corporation, Lubbock, Texas; to engage de novo
through its subsidiary, Plains Service Corporation, Lubbock, Texas, in
data processing, pursuant to Sec. 225.25(b)(7) of the Board's
Regulation Y. The geographic scope for this activity is Texas and New
Mexico.
Board of Governors of the Federal Reserve System, August 28,
1996.
William W. Wiles
Secretary of the Board
[FR Doc. 96-22470 Filed 9-3-96; 8:45 am]
BILLING CODE 6210-01-F