80 FR 34158 - Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 114 (June 15, 2015)

[Federal Register Volume 80, Number 114 (Monday, June 15, 2015)]
[Notices]
[Page 34158]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-14624]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
Sec.  225.28 of Regulation Y (12 CFR 225.28) or that the Board has 
determined by Order to be closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, these activities 
will be conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. The notice also will be available for inspection at the 
offices of the Board of Governors. Interested persons may express their 
views in writing on the question whether the proposal complies with the 
standards of section 4 of the BHC Act.
    Unless otherwise noted, comments regarding the notices must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than June 30, 2015.
    A. Federal Reserve Bank of Boston Federal Reserve Bank of Boston 
(Prabal Chakrabarti, Senior Vice President) 600 Atlantic Avenue, 
Boston, Massachusetts 02210-2204:
    1. Androscoggin Bancorp, MHC and Androscoggin Bancorp, Inc., both 
in Lewiston, Maine; to establish Portland Trust Company, LLC, Portland, 
Maine, and transfer the existing trust business from Androscoggin 
Bancorp, MHC's subsidiary bank, Androscoggin Savings Bank, Lewiston, 
Maine to Portland Trust Company, LLC, and thereby engage in trust 
company functions or activities, pursuant to section 225.28(b)(5).

    Board of Governors of the Federal Reserve System, June 10, 2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-14624 Filed 6-12-15; 8:45 am]
 BILLING CODE 6210-01-P