[Federal Register Volume 71, Number 74 (Tuesday, April 18, 2006)]
[Notices]
[Pages 19888-19889]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-5775]


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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. The application also will 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

[[Page 19889]]

standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless 
otherwise noted, nonbanking activities will be conducted throughout the 
United States. Additional information on all bank holding companies may 
be obtained from the National Information Center Web site at http://www.ffiec.gov/nic/.
    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 May 15, 2006.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Royal Bancshares of Pennsylvania, Inc., Narberth, Pennsylvania; 
to acquire 100 percent of the voting shares of Royal Asian Bank, 
Philadelphia, Pennsylvania.
    B. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30303:
    1. Hometown of Homestead, Inc., Fort Pierce, Florida; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
First of Homestead, Inc., Homestead, Florida, and thereby indirectly 
acquire voting shares of 1st National Bank of South Florida, Homestead, 
Florida.
    2. Hometown Banking Company, Inc, Fort Pierce, Florida, and related 
parties; to become a bank holding company by acquiring up to 50 percent 
of the voting shares of Hometown of Homestead, Inc., Ft. Pierce, 
Florida, and thereby indirectly acquire voting shares of 1st National 
Bank of South Florida, Homestead, Florida.
    3. The Prosperity Banking Company, Saint Augustine, Florida, and 
related parties; to become a bank holding company by acquiring up to 50 
percent of the voting shares of Hometown of Homestead, Inc., Fort 
Pierce, Florida, and thereby indirectly acquire voting shares of 1st 
National Bank of South Florida, Homestead, Florida.
    4. Riverside Gulf Coast Banking Company, Cape Coral, Florida, and 
related parties; to become a bank holding company by acquiring up to 50 
percent of the voting shares of Hometown of Homestead, Inc., Fort 
Pierce, Florida, and thereby indirectly acquire voting shares of 1st 
National Bank of South Florida, Homestead, Florida.

    Board of Governors of the Federal Reserve System, April 13, 
2006.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E6-5775 Filed 4-17-06; 8:45 am]
BILLING CODE 6210-01-S