[Federal Register Volume 81, Number 103 (Friday, May 27, 2016)]
[Notices]
[Page 33672]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-12580]


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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 applications 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 (12 U.S.C. 1843). 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 June 24, 2016.
    A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice 
President), 1000 Peachtree Street NE., Atlanta, Georgia 30309. Comments 
can also be sent electronically to [email protected]:
    1. Progressive Financial Group, Inc., Jamestown, Tennessee; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Progressive Savings Bank, Jamestown, Tennessee.
    2. Progressive Financial Group, Inc., Jamestown, Tennessee, to 
acquire up to 23.3 percent of the voting shares of Upper Cumberland 
Bancshares, Inc., Byrdstown, Tennessee, and thereby indirectly acquire 
People's Bank and Trust Company of Pickett County, Byrdstown, 
Tennessee, and Peoples Bank & Trust Company of Clinton, Albany, 
Kentucky.

    Board of Governors of the Federal Reserve System, May 24, 2016.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2016-12580 Filed 5-26-16; 8:45 am]
BILLING CODE 6210-01-P