81 FR 57909 - Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 164 (August 24, 2016)

Page Range		57909-57910
FR Document		2016-20202

Federal Register, Volume 81 Issue 164 (Wednesday, August 24, 2016)

[Federal Register Volume 81, Number 164 (Wednesday, August 24, 2016)]
[Notices]
[Pages 57909-57910]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-20202]


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FEDERAL RESERVE SYSTEM


Formations of, Acquisitions by, and Mergers of Savings and Loan 
Holding Companies

    The companies listed in this notice have applied to the Board for 
approval, pursuant to the Home Owners' Loan Act (12 U.S.C. 1461 et 
seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12 
CFR part 239), and all other applicable statutes and regulations to 
become a savings and loan holding company and/or to acquire the assets 
or the ownership of, control of, or the power to vote shares of a 
savings association and nonbanking companies owned by the savings and 
loan 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 application also will 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 HOLA (12 U.S.C. 1467a(e)). 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 10(c)(4)(B) of the HOLA (12 U.S.C. 1467a(c)(4)(B)). Unless 
otherwise noted, nonbanking activities will be conducted throughout the 
United States.

[[Page 57910]]

    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 September 18, 2016.
    A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice 
President) 1000 Peachtree Street NE., Atlanta, Georgia 30309. Comments 
can also be sent electronically to [email protected]:
    1. Sunshine Bancorp, Inc., Plant City, Florida (``Sunshine''); to 
become a savings and loan holding company. Sunshine currently is a 
savings and loan holding company; Sunshine proposes to become a bank 
holding company for a moment in time by merging with FNB Bancorp Inc., 
Orlando, Florida and acquire its subsidiary bank, Florida Bank of 
Commerce, Orlando Florida, (``FB Bank''). Sunshine also has applied to 
retain its savings association, Sunshine Bank, Plant City, Florida. 
After the acquisition, Sunshine proposes to merge FB Bank with Sunshine 
Bank, with Sunshine Bank as the surviving entity, and become a savings 
and loan holding company.

    Board of Governors of the Federal Reserve System, August 18, 
2016.
Margaret M. Shanks,
Deputy Secretary of the Board.
[FR Doc. 2016-20202 Filed 8-23-16; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 81, No. 164 / Wednesday, August 24, 2016 / Notices 57909

and Procedure, for an exemption from FEDERAL RESERVE SYSTEM Stock Trust, the Bonnie K. Miller Bank
the Commission’s rules requiring Stock Trust, Legacy Trust as trustee of
individual service contract Change in Bank Control Notices; the Arthur C. Johnson Irrevocable Trust,
amendments, 46 CFR. 530.10, and the Acquisitions of Shares of a Bank or the Arthur C. Johnson Irrevocable Trust,
rule prohibiting duplicative tariffs, 46 Bank Holding Company Legacy Trust as trustee of the Patricia A.
CFR 520.7(a)(4). Specifically, Petitioner Johnson Irrevocable Trust, and the
The notificants listed below have
explains that ‘‘APL is currently majority Patricia A. Johnson Irrevocable Trust, all
applied under the Change in Bank
owned by CMA CGM S.A. (‘‘CMA of Grand Rapids, Michigan; the Charles
Control Act (12 U.S.C. 1817(j)) and
CGM’’) a vessel operating common and Lois Welling Family Trust, Charles
§ 225.41 of the Board’s Regulation Y (12
carrier headquartered in Marseille, J. Welling and Lois M. Welling as
CFR 225.41) to acquire shares of a bank
France. On or about September 1, 2016, trustees of the Charles and Lois Welling
or bank holding company. The factors
APL will become delisted from the Bank Stock Trust, the Charles and Lois
that are considered in acting on the
Singaporean stock exchange and be Welling Bank Stock Trust, all of
notices are set forth in paragraph 7 of
100% owned by CMA CGM. At that Hutchinson Island, Florida; and Patlin
the Act (12 U.S.C. 1817(j)(7)).
time, CMA CGM will begin to The notices are available for Leasing Company, as a group acting in
consolidate certain operations under its immediate inspection at the Federal concert to retain voting shares of United
various brands worldwide.’’ In Reserve Bank indicated. The notices Community Financial Corporation, and
particular, CMA CGM will transfer the also will be available for inspection at indirectly shares of United Bank of
slot allocations of its wholly owned the offices of the Board of Governors. Michigan, both of Grand Rapids,
subsidiary ANL Singapore Pte. Ltd. Interested persons may express their Michigan.
(‘‘ANL’’) to APL effective October 1, views in writing to the Reserve Bank Board of Governors of the Federal Reserve
2016. indicated for that notice or to the offices System, August 18, 2016.
Petitioner requests that in lieu of of the Board of Governors. Comments Margaret M. Shanks,
publishing amendments to each of must be received not later than Deputy Secretary of the Board.
approximately 600 service contracts September 6, 2016. [FR Doc. 2016–20201 Filed 8–23–16; 8:45 am]
effected by the transfer of ANL’s A. Federal Reserve Bank of San BILLING CODE 6210–01–P
transpacific business, ‘‘the Commission Francisco (Gerald C. Tsai, Director,
permit APL to send a universal notice Applications and Enforcement) 101
to the Commission and to each of the Market Street, San Francisco, California FEDERAL RESERVE SYSTEM
service contract parties.’’ In addition, 94105–1579:
because existing ANL tariffs ‘‘will be 1. First Financial Northwest Formations of, Acquisitions by, and
taken over by APL and will be Foundation and the First Financial Mergers of Savings and Loan Holding
renumbered and republished under Northwest ESOT, both of Renton, Companies
APL’s organization number,’’ Petitioners Washington; to retain and acquire
also seek a waiver to permit insertion of additional voting shares of First The companies listed in this notice
notices in existing ANL and new APL Financial Northwest, Inc., and thereby have applied to the Board for approval,
tariffs. indirectly acquire shares of First pursuant to the Home Owners’ Loan Act
The Petition in its entirety is posted Financial Northwest Bank, both of (12 U.S.C. 1461 et seq.) (HOLA),
on the Commission’s Web site at http:// Renton, Washington. Regulation LL (12 CFR part 238), and
www.fmc.gov/P3–16. Comments filed in 2. The Living Trust for the Benefit of Regulation MM (12 CFR part 239), and
response to this Petition also will be Stephanie M. Smith, Helen Langer all other applicable statutes and
posted on the Commission’s Web site at Smith, and Cynthia L. Smith; Kitsap, regulations to become a savings and
this location. Washington, as Trustees for the Living loan holding company and/or to acquire
In order for the Commission to make Trust for the Benefit of Stephanie M. the assets or the ownership of, control
a thorough evaluation of the Petition, Smith; and Michael K. Pigors, Memphis, of, or the power to vote shares of a
interested persons are requested to Tennessee, to retain additional shares of savings association and nonbanking
submit comments in reply to the Olympic Bancorp, Inc., and thereby companies owned by the savings and
Petition no later than September 1, indirectly retain voting shares of Kitsap loan holding company, including the
2016. Commenters must send an Bank, both of Port Orchard, Washington. companies listed below.
original and 5 copies to the Secretary, B. Federal Reserve Bank of Chicago The applications listed below, as well
Federal Maritime Commission, 800 (Colette A. Fried, Assistant Vice as other related filings required by the
North Capitol Street NW., Washington, President) 230 South LaSalle Street, Board, are available for immediate
DC 20573–0001, and be served on Eric Chicago, Illinois 60690–1414: inspection at the Federal Reserve Bank
R. Swett, VP & General Counsel, 1. Arthur C. Johnson as trustee of the indicated. The application also will be
Americas, APL Limited, 16220 N. Arthur C. Johnson Bank Stock Trust; available for inspection at the offices of
Scottsdale Rd., Scottsdale, AZ 85254– Ada, Michigan; the Arthur C. Johnson the Board of Governors. Interested
1781. A text-searchable PDF copy of the Bank Stock Trust, Ada, Michigan; persons may express their views in
comment must also be sent as an email Lynnea K. Gery, LaGrange, Illinois, as writing on the standards enumerated in
attachment to Secretary@fmc.gov, and trustee and Arthur C. Johnson as special the HOLA (12 U.S.C. 1467a(e)). If the
include in the subject line: ‘‘P3–16 trustee of the Charles and Lois Welling proposal also involves the acquisition of
Family Trust, Patricia A. Johnson as a nonbanking company, the review also
mstockstill on DSK3G9T082PROD with NOTICES

(Commenter/Company Name).’’ Replies
containing confidential information trustee of the Patricia A. Johnson Bank includes whether the acquisition of the
should not be submitted by email. Stock Trust, the Patricia A. Johnson nonbanking company complies with the
Bank Stock Trust, all of Ada, Michigan; standards in section 10(c)(4)(B) of the
Rachel E. Dickon, Erik T. Johnson, Rockford, Michigan; HOLA (12 U.S.C. 1467a(c)(4)(B)). Unless
Assistant Secretary. Hilary L. Ciesielski, Canton, Michigan; otherwise noted, nonbanking activities
[FR Doc. 2016–20220 Filed 8–23–16; 8:45 am] Bonnie K. Miller, individually, and as will be conducted throughout the
BILLING CODE 6731–AA–P trustee of the Bonnie K. Miller Bank United States.

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57910 Federal Register / Vol. 81, No. 164 / Wednesday, August 24, 2016 / Notices

Unless otherwise noted, comments Paperwork Comment, FTC File No. on those who are to respond. All
regarding each of these applications P044403’’ on your comment, and file comments must be received on or before
must be received at the Reserve Bank your comment online at https:// October 24, 2016.
indicated or the offices of the Board of ftcpublic.commentworks.com/ftc/ The Warranty Rule is one of three
Governors not later than September 18, consumerwarrantypra by following the rules 1 that the FTC implemented
2016. instructions on the web-based form. If pursuant to requirements of the
A. Federal Reserve Bank of Atlanta you prefer to file your comment on Magnuson-Moss Warranty Act, 15
(Chapelle Davis, Assistant Vice paper, mail or deliver your comment to U.S.C. 2301 et seq. (Warranty Act or
President) 1000 Peachtree Street NE., the following address: Federal Trade Act).2 The Warranty Rule specifies the
Atlanta, Georgia 30309. Comments can Commission, Office of the Secretary, information that must appear in a
also be sent electronically to 600 Pennsylvania Avenue NW., Suite written warranty on a consumer
Applications.Comments@atl.frb.org: CC–5610 (Annex J), Washington, DC product 3 costing more than $15. The
1. Sunshine Bancorp, Inc., Plant City, 20580, or deliver your comment to the Rule tracks section 102(a) of the
Florida (‘‘Sunshine’’); to become a following address: Federal Trade Warranty Act,4 specifying information
savings and loan holding company. Commission, Office of the Secretary, that must appear in the written warranty
Sunshine currently is a savings and loan Constitution Center, 400 7th Street SW., and, for certain disclosures, mandates
holding company; Sunshine proposes to 5th Floor, Suite 5610 (Annex J), the exact language that must be used.5
become a bank holding company for a Washington, DC 20024. Neither the Warranty Rule nor the Act
moment in time by merging with FNB FOR FURTHER INFORMATION CONTACT:
requires that a manufacturer or retailer
Bancorp Inc., Orlando, Florida and Requests for copies of the collection of warrant a consumer product in writing,
acquire its subsidiary bank, Florida information and supporting but if they choose to do so, the warranty
Bank of Commerce, Orlando Florida, documentation should be addressed to must comply with the Rule.
(‘‘FB Bank’’). Sunshine also has applied Gary Ivens, Attorney, Division of Warranty Rule Burden Statement
to retain its savings association, Marketing Practices, Bureau of
Sunshine Bank, Plant City, Florida. Total annual hours burden: 140,280
Consumer Protection, Federal Trade hours.
After the acquisition, Sunshine Commission, 600 Pennsylvania Avenue In its 2013 submission to OMB, the
proposes to merge FB Bank with NW., CC–8528, Washington, DC 20580, FTC estimated that the information
Sunshine Bank, with Sunshine Bank as (202) 326–2330. collection burden of including the
the surviving entity, and become a SUPPLEMENTARY INFORMATION: disclosures required by the Warranty
savings and loan holding company.
Rule was 116,128 hours per year.
Board of Governors of the Federal Reserve Proposed Information Collection
Although the Rule’s information
System, August 18, 2016. Activities
collection requirements have not
Margaret M. Shanks, Under the Paperwork Reduction Act changed, this estimate slightly increases
Deputy Secretary of the Board. (PRA), 44 U.S.C. 3501–3520, federal the number of manufacturers subject to
[FR Doc. 2016–20202 Filed 8–23–16; 8:45 am] agencies must get OMB approval for the Rule based on recent Census data.
BILLING CODE 6210–01–P
each collection of information they Further, because most warrantors would
conduct, sponsor, or require. continue to disclose this information
‘‘Collection of information’’ means even if there were no statute or rule
FEDERAL TRADE COMMISSION agency requests or requirements to requiring them to do so, staff’s estimates
submit reports, keep records, or provide likely overstate the PRA-related burden
Agency Information Collection information to a third party. 44 U.S.C. attributable to the Rule. Moreover, the
Activities; Proposed Collection; 3502(3); 5 CFR 1320.3(c). As required by Warranty Rule has been in effect since
Comment Request section 3506(c)(2)(A) of the PRA, the 1976, and warrantors have long since
FTC is providing this opportunity for modified their warranties to include the
AGENCY: Federal Trade Commission public comment before requesting that information the Rule requires.
(FTC or Commission). OMB extend the existing PRA clearance Based on conversations with various
ACTION: Notice. for the information collection warrantors’ representatives over the
requirements associated with the years, staff has concluded that eight
SUMMARY: The information collection Commission’s Rule Concerning hours per year is a reasonable estimate
requirements described below will be Disclosure of Written Consumer Product of warrantors’ PRA-related burden
submitted to the Office of Management Warranty Terms and Conditions (the attributable to the Warranty Rule.6 This
and Budget (OMB) for review, as Consumer Product Warranty Rule or estimate takes into account ensuring
required by the Paperwork Reduction Warranty Rule), 16 CFR part 701 (OMB that new warranties and changes to
Act (PRA). The FTC seeks public Control Number 3084–0111).
comments on its proposal to extend, for The FTC invites comments on: (1) 1 The other two rules relate to the pre-sale

three years, the current PRA clearance Whether the proposed collection of availability of warranty terms and minimum
for information collection requirements standards for informal dispute settlement
information is necessary for the proper mechanisms that are incorporated into a written
contained in its Consumer Product performance of the functions of the warranty.
Warranty Rule. That clearance expires agency, including whether the 2 40 FR 60168 (Dec. 31, 1975).

on December 31, 2016. information will have practical utility; 3 The definition of consumer product excludes

DATES: Comments must be received on products purchased solely for commercial or
(2) the accuracy of the agency’s estimate
mstockstill on DSK3G9T082PROD with NOTICES

industrial use. 16 CFR 701.1(b).
or before October 24, 2016. of the burden of the proposed collection 4 15 U.S.C. 2302(a).

ADDRESSES: Interested parties may file a of information, including the validity of 5 40 FR 60168, 60169–60170.

comment online or on paper by the methodology and assumptions used; 6 FTC staff has previously contacted two

following the instructions in the (3) ways to enhance the quality, utility, manufacturing associations—the Association of
Home Appliance Manufacturers and the National
Request for Comments part of the and clarity of the information to be Association of Manufacturers—and we have not
SUPPLEMENTARY INFORMATION section collected; and (4) ways to minimize the located additional data that further clarifies this
below. Write ‘‘Warranty Rules: burden of the collection of information figure.

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Document Created: 2016-08-24 03:02:54
Document Modified: 2016-08-24 03:02:54

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		81 FR 57909