80 FR 9720 - Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 36 (February 24, 2015)

[Federal Register Volume 80, Number 36 (Tuesday, February 24, 2015)]
[Notices]
[Page 9720]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-03720]


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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 applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than March 11, 2015.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02210-2204.
    1. New Hampshire Mutual Bancorp, Manchester, New Hampshire (MHC), 
to establish MillRiver Trust Company, Concord, New Hampshire 
(MillRiver), and transfer the existing trust business from MHC's 
subsidiary banks, Merrimack County Savings Bank, Concord, New Hampshire 
and Meredith Village Savings Bank, Meredith, New Hampshire to 
MillRiver, and thereby engage in trust company, financial advisory and 
transaction activities, and the sale of insurance in a town of less 
than 5,000 in population, pursuant to sections 225.28(b)(5), (b)(6), 
(b)(7) and (b)(11)(iii)(A) of Regulation Y.
    B. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice 
President) 1000 Peachtree Street NE., Atlanta, Georgia 30309:
    1. First NBC Bank Holding Company, New Orleans, Louisiana; to 
acquire 100 percent of the outstanding shares of State Investors 
Bancorp, Inc. and its subsidiary bank, State-Investors Bank both of 
Metairie, Louisiana, and thereby engage in operating a savings 
association, pursuant to section 225.28(b)(4)(ii) of Regulation Y. 
Comment regarding this application must be received by March 20, 2015.
    C. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, 
Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. SSB, Inc., Manistique, Michigan; to acquire through State 
Savings Bank of Manistique, Manistique, Michigan, between 10 and 20 
percent of the stock of Lasco Development Corporation, Marquette, 
Michigan. And thereby engage in data processing activities, pursuant to 
section 225.28(b)(14) of Regulation Y.

    Board of Governors of the Federal Reserve System, February 19, 
2015.
Michael J. Lewandowski,
Assistant Secretary of the Board.
[FR Doc. 2015-03720 Filed 2-23-15; 8:45 am]
BILLING CODE 6210-01-P