82 FR 51834 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 82, Issue 215 (November 8, 2017)

Page Range		51834-51834
FR Document		2017-24337

Federal Register, Volume 82 Issue 215 (Wednesday, November 8, 2017)

[Federal Register Volume 82, Number 215 (Wednesday, November 8, 2017)]
[Notices]
[Page 51834]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-24337]


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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 December 5, 2017.
    A. Federal Reserve Bank of Cleveland (Nadine Wallman, Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566. Comments 
can also be sent electronically to [email protected]:
    1. Somerville Bancorp, Somerville, Ohio; to become a bank holding 
company by acquiring voting shares of Somerville National Bank, 
Somerville, Ohio.
    B. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Treynor Bancshares, Inc. and TS Contrarian Bancshares, Inc., 
both of Treynor, Iowa; to acquire 100 percent of the voting shares of 
City Bank and Trust Company, Guymon, Oklahoma.

    Board of Governors of the Federal Reserve System, November 3, 
2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017-24337 Filed 11-7-17; 8:45 am]
 BILLING CODE 6210-01-P

51834 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Notices

of those needs. Subject to 29 CFR Somerville National Bank, Somerville, requirements should be addressed to
2706.150(a)(3) and § 2706.160(d). Ohio. John Andrew Singer, Attorney, Division
CONTACT PERSON FOR MORE INFO: B. Federal Reserve Bank of Chicago of Enforcement, Bureau of Consumer
Emogene Johnson (202) 434–9935/(202) (Colette A. Fried, Assistant Vice Protection, Federal Trade Commission,
708–9300 for TDD Relay/1–800–877– President) 230 South LaSalle Street, 600 Pennsylvania Avenue NW., CC–
8339 for toll free. Chicago, Illinois 60690–1414: 9528, Washington, DC 20580, (202) 326–
PHONE NUMBER FOR LISTENING TO
1. Treynor Bancshares, Inc. and TS 3234.
ARGUMENT: 1–(866) 867–4769, Passcode:
Contrarian Bancshares, Inc., both of SUPPLEMENTARY INFORMATION:
678–100. Treynor, Iowa; to acquire 100 percent of Title: Use of Prenotification Negative
the voting shares of City Bank and Trust Option Plans (Negative Option Rule or
Dated: November 6, 2017. Company, Guymon, Oklahoma. Rule), 16 CFR 425.
Sarah L. Stewart, OMB Control Number: 3084–0104.
Board of Governors of the Federal Reserve
Deputy General Counsel. System, November 3, 2017. Type of Review: Extension of a
[FR Doc. 2017–24405 Filed 11–6–17; 4:15 pm] Yao-Chin Chao, currently approved collection.
BILLING CODE 6735–01–P Assistant Secretary of the Board.
Abstract: The Negative Option Rule
governs the operation of prenotification
[FR Doc. 2017–24337 Filed 11–7–17; 8:45 am]
subscription plans. Under these types of
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM plans, a seller provides a consumer with
automatic shipments of merchandise
Formations of, Acquisitions by, and such as when a consumer joins as a
Mergers of Bank Holding Companies FEDERAL TRADE COMMISSION member in a seller’s book of the month
club, food of the month club, or clothing
The companies listed in this notice Agency Information Collection
items of the month club unless the
have applied to the Board for approval, Activities; Submission for OMB
consumer affirmatively notifies the
pursuant to the Bank Holding Company Review; Comment Request
seller they do not want the shipment.
Act of 1956 (12 U.S.C. 1841 et seq.) The Rule requires that a seller notify a
AGENCY: Federal Trade Commission
(BHC Act), Regulation Y (12 CFR part member that they will automatically
(‘‘FTC’’).
225), and all other applicable statutes ship merchandise to the member and
and regulations to become a bank ACTION: Notice and request for comment.
bill the member for the merchandise if
holding company and/or to acquire the SUMMARY: In compliance with the the subscriber fails to expressly reject
assets or the ownership of, control of, or Paperwork Reduction Act (PRA) of the merchandise beforehand within a
the power to vote shares of a bank or 1995, the FTC is seeking public prescribed time. The Rule protects
bank holding company and all of the comments on its request to OMB for a consumers by: (a) Requiring that
banks and nonbanking companies three-year extension of the current PRA promotional materials disclose the
owned by the bank holding company, clearance for information collection terms of membership clearly and
including the companies listed below. requirements contained in Use of conspicuously; and (b) establishing
The applications listed below, as well Prenotification Negative Option Plans procedures for the administration of
as other related filings required by the (‘‘Negative Option Rule’’ or ‘‘Rule’’). such ‘‘negative option’’ plans.
Board, are available for immediate That clearance expires on November 30, On August 16, 2017, the Commission
inspection at the Federal Reserve Bank 2017. sought comment on the Rule’s
indicated. The applications will also be information collection requirements. 82
DATES: Comments must be received
available for inspection at the offices of FR 38907. No germane comments were
the Board of Governors. Interested December 8, 2017.
ADDRESSES: Interested parties may file a received.1 As required by OMB
persons may express their views in regulations, 5 CFR 1320, the FTC is
writing on the standards enumerated in comment online or on paper by
following the instructions in the providing this second opportunity for
the BHC Act (12 U.S.C. 1842(c)). If the public comment.
proposal also involves the acquisition of Request for Comments part of the
SUPPLEMENTARY INFORMATION section Likely Respondents: Sellers of
a nonbanking company, the review also prenotification subscription plans.
includes whether the acquisition of the below. Write ‘‘Negative Option Rule:
FTC File No. P064202’’ on your Estimated Annual Hours Burden:
nonbanking company complies with the 9,725 hours.
standards in section 4 of the BHC Act comment, and file your comment online
Estimated Annual Cost Burden:
(12 U.S.C. 1843). Unless otherwise at https://ftcpublic.commentworks.com/
$473,750 (solely related to labor costs).
noted, nonbanking activities will be ftc/NegOptionPRA2 by following the
Estimated Capital or Other Non-Labor
conducted throughout the United States. instructions on the web-based form. If
Cost: $0 or de minimis.
Unless otherwise noted, comments you prefer to file your comment on Request for Comment: You can file a
regarding each of these applications paper, mail your comment to the comment online or on paper. For the
must be received at the Reserve Bank following address: Federal Trade FTC to consider your comment, we
indicated or the offices of the Board of Commission, Office of the Secretary, must receive it on or before December
Governors not later than December 5, 600 Pennsylvania Avenue NW., Suite 8, 2017. Write ‘‘Negative Option Rule:
2017. CC–5610 (Annex J), Washington, DC FTC File No. P064202’’ on your
A. Federal Reserve Bank of Cleveland 20580, or deliver your comment to the comment. Your comment—including
(Nadine Wallman, Vice President) 1455 following address: Federal Trade your name and your state—will be
ethrower on DSK3G9T082PROD with NOTICES

East Sixth Street, Cleveland, Ohio Commission, Office of the Secretary, placed on the public record of this
44101–2566. Comments can also be sent Constitution Center, 400 7th Street SW., proceeding, including, to the extent
electronically to 5th Floor, Suite 5610 (Annex J), practicable, on the public Commission
Comments.applications@clev.frb.org: Washington, DC 20024. Web site, at http://www.ftc.gov/os/
1. Somerville Bancorp, Somerville, FOR FURTHER INFORMATION CONTACT:
Ohio; to become a bank holding Requests for additional information or 1 The Commission received twelve non-germane

company by acquiring voting shares of copies of the proposed information comments.

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Document Created: 2017-11-08 01:21:06
Document Modified: 2017-11-08 01:21:06

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 51834