[Federal Register Volume 88, Number 185 (Tuesday, September 26, 2023)]
[Notices]
[Pages 66000-66001]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-20935]


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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

[[Page 66001]]

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 public portions of 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(s) indicated below and 
at the offices of the Board of Governors. This information may also be 
obtained on an expedited basis, upon request, by contacting the 
appropriate Federal Reserve Bank and from the Board's Freedom of 
Information Office at https://www.federalreserve.gov/foia/request.htm. 
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), 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 Street and Constitution 
Avenue NW, Washington, DC 20551-0001, not later than October 26, 2023.
    A. Federal Reserve Bank of Richmond (Brent B. Hassell, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23219. 
Comments can also be sent electronically to 
[email protected]:
    1. Southern Bancshares (N.C.), Inc., Mount Olive, North Carolina; 
to acquire up to 19.9 percent of the voting shares of Old Point 
Financial Corporation, Hampton, Virginia, and thereby indirectly 
acquire voting shares of The Old Point National Bank of Phoebus, 
Hampton, Virginia, and Old Point Trust & Financial Services, N.A., 
Newport News, Virginia. In addition, Southern Bancshares (N.C.), Inc., 
through the acquisition of Old Point Trust & Financial Services, N.A., 
will engage in providing trust company functions and securities 
brokerage services pursuant to sections 225.28(b)(5) and (b)(7)(i) of 
the Board's Regulation Y, respectively. This notice replaces and 
supersedes FR Doc 2023-62785 published on 09-13-2023.

    Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-20935 Filed 9-25-23; 8:45 am]
BILLING CODE P