[Federal Register Volume 84, Number 205 (Wednesday, October 23, 2019)]
[Notices]
[Page 56811]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-23110]


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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, if any, 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 section 3 of 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), and interested persons may express their views in writing on the 
standards enumerated in section 4. Unless otherwise noted, nonbanking 
activities will be conducted throughout the United States.
    Comments regarding each of these applications must be received at 
the Reserve Bank indicated or the offices of the Board of Governors, 
Ann E. Misback, Secretary of the Board, 20th and Constitution Avenue 
NW, Washington DC 20551-0001, not later than November 25, 2019.
    A. Federal Reserve Bank of Atlanta (Kathryn Haney, Assistant Vice 
President) 1000 Peachtree Street NE, Atlanta, Georgia 30309. Comments 
can also be sent electronically to [email protected]:
    1. Community First Bancshares, MHC, and Community First Bancshares, 
Inc., both of Covington, Georgia; a mutual savings and loan holding 
company and a mid-tier stock savings and loan holding company, 
respectively, to become bank holding companies by acquiring ABB 
Financial Group, Inc., and thereby indirectly acquire Affinity Bank, 
both of Atlanta, Georgia, under section 3 of the BHC Act. In connection 
with this application, Community First Bancshares, MHC and Community 
First Bancshares, Inc. to retain ownership of Newton Federal Bank, 
Covington, Georgia, a savings association, for the time that they are 
bank holding companies and thereby engage in operating a savings 
association pursuant to section 4(c)(8) of the BHC Act. Finally, 
Community First Bancshares, MHC, and Community First Bancshares, Inc. 
to become a mutual savings and loan holding company and a mid-tier 
savings and loan holding company, respectively, pursuant to section 
10(e) of the Home Owners' Loan Act, following the merger of Affinity 
Bank with and into Newton Federal Bank.

    Board of Governors of the Federal Reserve System, October 18, 
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-23110 Filed 10-22-19; 8:45 am]
 BILLING CODE 6210-01-P