82 FR 4883 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 82, Issue 10 (January 17, 2017)

Page Range		4883-4883
FR Document		2017-00846

Federal Register, Volume 82 Issue 10 (Tuesday, January 17, 2017)

[Federal Register Volume 82, Number 10 (Tuesday, January 17, 2017)]
[Notices]
[Page 4883]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-00846]


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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 February 10, 2017.
    A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528. 
Comments can also be sent electronically to 
[email protected]:
    1. Southern National Bancorp of Virginia, Inc., McLean, Virginia; 
to acquire Eastern Virginia Bankshares, Inc., Glen Allen, Virginia, and 
thereby indirectly acquire EVB, Tappahannock, Virginia.
    In connection with this application, Applicant also has applied to 
acquire additional shares of Southern Trust Mortgage LLC, Virginia 
Beach, Virginia, Eastern Virginia Bankshares, Inc., Glen Allen, 
Virginia and EVB, Tappahannock, Virginia, and thereby engage in lending 
activities pursuant to section 225.28(b)(1) or Regulation Y.

    Board of Governors of the Federal Reserve System, January 11, 
2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017-00846 Filed 1-13-17; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 82, No. 10 / Tuesday, January 17, 2017 / Notices 4883

the FHC has merchant banking Unless otherwise noted, comments respondent is not required to respond
investments; regarding each of these applications to, an information collection that has
• ensure the corporate separateness of must be received at the Reserve Bank been extended, revised, or implemented
the FHC and the companies in which indicated or the offices of the Board of on or after October 1, 1995, unless it
it has merchant banking investments; Governors not later than February 10, displays a currently valid OMB control
• ensure compliance with sections 23A 2017. number.
and 23B of the FRA, anti-tying A. Federal Reserve Bank of Richmond FOR FURTHER INFORMATION CONTACT:
statutes, Regulation Y, and any other (Adam M. Drimer, Assistant Vice Federal Reserve Board Acting Clearance
applicable provisions of law. President) 701 East Byrd Street, Officer—Nuha Elmaghrabi—Office of
Richmond, Virginia 23261–4528. the Chief Data Officer, Board of
Current Actions: On October 18, 2016,
Comments can also be sent Governors of the Federal Reserve
the Board published a notice in the
electronically to System, Washington, DC 20551 (202)
Federal Register (81 FR 71730)
Comments.applications@rich.frb.org: 452–3829. Telecommunications Device
requesting public comment for 60 days 1. Southern National Bancorp of
on the proposal to extend, without for the Deaf (TDD) users may contact
Virginia, Inc., McLean, Virginia; to
revision, the reporting and (202) 263–4869, Board of Governors of
acquire Eastern Virginia Bankshares,
recordkeeping requirements related to the Federal Reserve System,
Inc., Glen Allen, Virginia, and thereby
amendments made by the Gramm- Washington, DC 20551.
indirectly acquire EVB, Tappahannock,
Leach-Bliley Act, to the Bank Holding OMB Desk Officer—Shagufta
Virginia.
Company Act, the Federal Reserve Act, In connection with this application, Ahmed—Office of Information and
and related regulations. The comment Applicant also has applied to acquire Regulatory Affairs, Office of
period for this notice expired on additional shares of Southern Trust Management and Budget, New
December 19, 2016. The Board did not Mortgage LLC, Virginia Beach, Virginia, Executive Office Building, Room 10235,
receive any comments. Eastern Virginia Bankshares, Inc., Glen 725 17th Street NW., Washington, DC
Board of Governors of the Federal Reserve Allen, Virginia and EVB, 20503.
System, January 11, 2017. Tappahannock, Virginia, and thereby Final approval under OMB delegated
Robert deV. Frierson, engage in lending activities pursuant to authority of the extension for three
section 225.28(b)(1) or Regulation Y. years, without revision, of the following
Secretary of the Board.
reports:
[FR Doc. 2017–00841 Filed 1–13–17; 8:45 am] Board of Governors of the Federal Reserve 1. Report title: Intermittent Survey of
BILLING CODE 6210–01–P System, January 11, 2017.
Business.
Yao-Chin Chao,
Agency form number: FR 1374.
Assistant Secretary of the Board. OMB control number: 7100–0302.
FEDERAL RESERVE SYSTEM [FR Doc. 2017–00846 Filed 1–13–17; 8:45 am] Frequency: On occasion.
Formations of, Acquisitions by, and
BILLING CODE 6210–01–P Respondents: Businesses and state
Mergers of Bank Holding Companies and local governments.
Estimated number of respondents:
The companies listed in this notice FEDERAL RESERVE SYSTEM 2,410.
have applied to the Board for approval, Agency Information Collection Estimated average hours per response:
pursuant to the Bank Holding Company Activities: Announcement of Board 15 minutes.
Act of 1956 (12 U.S.C. 1841 et seq.) Approval Under Delegated Authority Estimated annual burden hours: 1,825
(BHC Act), Regulation Y (12 CFR part and Submission to OMB hours.
225), and all other applicable statutes General Description of Report: The
and regulations to become a bank AGENCY: Board of Governors of the survey data are used by the Federal
holding company and/or to acquire the Federal Reserve System. Reserve to gather information
assets or the ownership of, control of, or SUMMARY: Notice is hereby given of the specifically tailored to the Federal
the power to vote shares of a bank or final approval of a proposal to extend Reserve’s policy and operational
bank holding company and all of the for three years, without revision, the responsibilities. There are two parts to
banks and nonbanking companies intermittent survey of business (FR this event-generated survey. First, under
owned by the bank holding company, 1374; OMB No. 7100–0302) and to the guidance of Federal Reserve
including the companies listed below. extend for three years, without revision, economists, the Federal Reserve Banks
The applications listed below, as well the domestic finance company report of survey business contacts as economic
as other related filings required by the consolidated assets and liabilities (FR developments warrant. Currently, there
Board, are available for immediate 2248; OMB No. 7100–0005) by the are approximately 2,400 business
inspection at the Federal Reserve Bank Board of Governors of the Federal respondents for each survey (about 200
indicated. The applications will also be Reserve System (Board) under OMB per Reserve Bank); occasionally state
available for inspection at the offices of delegated authority, as per 5 CFR and local government officials are
the Board of Governors. Interested 1320.16 (OMB Regulations on called, in which case there are far fewer
persons may express their views in Controlling Paperwork Burdens on the respondents. It is necessary to conduct
writing on the standards enumerated in Public). Board-approved collections of these surveys to provide timely
the BHC Act (12 U.S.C. 1842(c)). If the information are incorporated into the information to the members of the Board
proposal also involves the acquisition of official OMB inventory of currently and to the presidents of the Reserve
sradovich on DSK3GMQ082PROD with NOTICES

a nonbanking company, the review also approved collections of information. Banks. Usually, these surveys are
includes whether the acquisition of the Copies of the Paperwork Reduction Act conducted by Reserve Bank economists
nonbanking company complies with the Submission, supporting statements and telephoning or emailing purchasing
standards in section 4 of the BHC Act approved collection of information managers, economists, or other
(12 U.S.C. 1843). Unless otherwise instrument(s) are placed into OMB’s knowledgeable individuals at selected,
noted, nonbanking activities will be public docket files. The Federal Reserve relevant businesses. Reserve Bank staff
conducted throughout the United States. may not conduct or sponsor, and the may also use online survey tools to

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Document Created: 2017-01-14 01:45:01
Document Modified: 2017-01-14 01:45:01

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		82 FR 4883