80 FR 18624 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 66 (April 7, 2015)

Page Range		18624-18624
FR Document		2015-07901

Federal Register, Volume 80 Issue 66 (Tuesday, April 7, 2015)

[Federal Register Volume 80, Number 66 (Tuesday, April 7, 2015)]
[Notices]
[Page 18624]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-07901]


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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 May 1, 2015.
    A. Federal Reserve Bank of Cleveland (Nadine Wallman, Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Farmers National Banc Corp, Canfield, Ohio; to acquire 100 
percent of the voting shares of National Bancshares Corp, Orrville, 
Ohio and thereby indirectly acquire First National Bank, Orrville, 
Ohio.
    B. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice 
President) 1000 Peachtree Street NE., Atlanta, Georgia 30309:
    1. American Commerce Bancshares, Inc., Breman, Georgia; to acquire 
100 percent of the voting shares of ProBank, Tallahassee, Florida.
    C. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, 
Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Inter-Mountain Bancorp, Inc., Bozeman, Montana; to merge with 
Teton Bancshares, Inc., and thereby indirectly acquire Teton Banks, 
both in Fairfield, Montana.

    Board of Governors of the Federal Reserve System, April 2, 2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-07901 Filed 4-6-15; 8:45 am]
BILLING CODE CODE 6210-01-P

18624 Federal Register / Vol. 80, No. 66 / Tuesday, April 7, 2015 / Notices

b. Interest Rate Spread FEDERAL RESERVE SYSTEM Board of Governors of the Federal Reserve
System, April 2, 2015.
Currently, the FR 2420 report does not Formations of, Acquisitions by, and Michael J. Lewandowski,
have an ‘‘interest rate spread’’ reporting Mergers of Bank Holding Companies Associate Secretary of the Board.
field. Without this field, the underlying [FR Doc. 2015–07901 Filed 4–6–15; 8:45 am]
The companies listed in this notice
value of the reference rate and spread
have applied to the Board for approval, BILLING CODE CODE 6210–01–P
components cannot be determined with
pursuant to the Bank Holding Company
certainty. Accordingly, the Board Act of 1956 (12 U.S.C. 1841 et seq.)
proposes to add an ‘‘interest rate (BHC Act), Regulation Y (12 CFR part DEPARTMENT OF HEALTH AND
spread’’ field to the FR 2420 report. This 225), and all other applicable statutes HUMAN SERVICES
new reporting field will enable and regulations to become a bank
calculation of the value of the holding company and/or to acquire the Centers for Disease Control and
underlying reference rate without assets or the ownership of, control of, or Prevention
looking up the reference rate in an the power to vote shares of a bank or
[30Day–15–0740]
additional data source. This field would bank holding company and all of the
be labelled ‘NA’ for fixed-rate CDs. banks and nonbanking companies Agency Forms Undergoing Paperwork
owned by the bank holding company, Reduction Act Review
c. Option Identifiers and Step-Up including the companies listed below.
Indicator The applications listed below, as well The Centers for Disease Control and
The Board proposes to add report as other related filings required by the Prevention (CDC) has submitted the
Board, are available for immediate following information collection request
fields to the FR 2420 that would identify
inspection at the Federal Reserve Bank to the Office of Management and Budget
CDs with embedded options as well as
indicated. The applications will also be (OMB) for review and approval in
CDs and time deposits with rates that available for inspection at the offices of accordance with the Paperwork
change over the term of the CD. CDs the Board of Governors. Interested Reduction Act of 1995. The notice for
with options are becoming an persons may express their views in the proposed information collection is
increasingly important financial writing on the standards enumerated in published to obtain comments from the
instrument with growing issuance, the BHC Act (12 U.S.C. 1842(c)). If the public and affected agencies.
particularly in products with options to proposal also involves the acquisition of Written comments and suggestions
extend the maturity date. One a nonbanking company, the review also from the public and affected agencies
additional data field would need to be includes whether the acquisition of the concerning the proposed collection of
added to identify instruments with nonbanking company complies with the information are encouraged. Your
embedded options. In addition, standards in section 4 of the BHC Act comments should address any of the
experience with the current data (12 U.S.C. 1843). Unless otherwise following: (a) Evaluate whether the
suggests that there is also a segment of noted, nonbanking activities will be proposed collection of information is
the CD market with rates that rise or conducted throughout the United States. necessary for the proper performance of
‘‘step up’’ over the course of the Unless otherwise noted, comments the functions of the agency, including
instrument’s life. An additional field regarding each of these applications whether the information will have
would be necessary to identify these must be received at the Reserve Bank practical utility; (b) Evaluate the
indicated or the offices of the Board of accuracy of the agencies estimate of the
transactions. These fields could be
Governors not later than May 1, 2015. burden of the proposed collection of
particularly important for informing the A. Federal Reserve Bank of Cleveland
use of CD rates in the calculation of information, including the validity of
(Nadine Wallman, Vice President) 1455 the methodology and assumptions used;
reference rates, as options affect the East Sixth Street, Cleveland, Ohio
comparability of instruments to others (c) Enhance the quality, utility, and
44101–2566: clarity of the information to be
with the same stated maturity dates. 1. Farmers National Banc Corp,
collected; (d) Minimize the burden of
• CDs with embedded options would Canfield, Ohio; to acquire 100 percent of
the collection of information on those
be identified under the proposal with an the voting shares of National Bancshares
who are to respond, including through
additional field that would capture the Corp, Orrville, Ohio and thereby
the use of appropriate automated,
type of option, specifically ‘callable,’ indirectly acquire First National Bank,
electronic, mechanical, or other
‘puttable,’ ‘extendable,’ and ‘other,’ or Orrville, Ohio.
B. Federal Reserve Bank of Atlanta technological collection techniques or
indicate ‘NA’ for CDs without other forms of information technology,
(Chapelle Davis, Assistant Vice
embedded options. President) 1000 Peachtree Street NE., e.g., permitting electronic submission of
• Rates that will rise or fall over the Atlanta, Georgia 30309: responses; and (e) Assess information
life of the time deposit or CD based on 1. American Commerce Bancshares, collection costs.
a pre-arranged agreement would be Inc., Breman, Georgia; to acquire 100 To request additional information on
identified under the proposal with an percent of the voting shares of ProBank, the proposed project or to obtain a copy
additional field that would be a ‘Y’ or Tallahassee, Florida. of the information collection plan and
‘N’ step-up indicator. C. Federal Reserve Bank of instruments, call (404) 639–7570 or
Minneapolis (Jacquelyn K. Brunmeier, send an email to omb@cdc.gov. Written
Board of Governors of the Federal Reserve
mstockstill on DSK4VPTVN1PROD with NOTICES

Assistant Vice President) 90 Hennepin comments and/or suggestions regarding
System, April 2, 2015. Avenue, Minneapolis, Minnesota the items contained in this notice
Robert deV. Frierson, 55480–0291: should be directed to the Attention:
Secretary of the Board. 1. Inter-Mountain Bancorp, Inc., CDC Desk Officer, Office of Management
[FR Doc. 2015–07920 Filed 4–6–15; 8:45 am] Bozeman, Montana; to merge with Teton and Budget, Washington, DC 20503 or
BILLING CODE CODE 6210–01–P
Bancshares, Inc., and thereby indirectly by fax to (202) 395–5806. Written
acquire Teton Banks, both in Fairfield, comments should be received within 30
Montana. days of this notice.

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Document Created: 2018-02-21 10:05:32
Document Modified: 2018-02-21 10:05:32

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 18624