83 FR 24118 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 101 (May 24, 2018)

Page Range		24118-24118
FR Document		2018-11118

Federal Register, Volume 83 Issue 101 (Thursday, May 24, 2018)

[Federal Register Volume 83, Number 101 (Thursday, May 24, 2018)]
[Notices]
[Page 24118]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-11118]


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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 June 19, 2018.
    A. Federal Reserve Bank of Atlanta (Kathryn Haney, Director of 
Applications) 1000 Peachtree Street NE, Atlanta, Georgia 30309. 
Comments can also be sent electronically to 
Applications.Comments@atl.frb.org:
    1. First US Bancshares, Inc., Birmingham, Alabama; to acquire 100 
percent of the voting shares of The Peoples Bank, Rose Hill, Virginia.
    2. National Commerce Corporation, Birmingham, Alabama; to merge 
with Landmark Bancshares, Inc., and thereby indirectly acquire its 
subsidiary, First Landmark Bank, both of Marietta, Georgia.

    Board of Governors of the Federal Reserve System, May 21, 2018.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2018-11118 Filed 5-23-18; 8:45 am]
 BILLING CODE P

24118 Federal Register / Vol. 83, No. 101 / Thursday, May 24, 2018 / Notices

SUMMARY OF ANNUAL BURDEN
Estimated Estimated Estimated Total annual
Obligation to Frequency of
Type of burden number of frequency of time per estimated
respond response
respondents responses response burden

Recordkeeping and Confirmation Re- Recordkeeping ............... Mandatory ....... 680 12 0.25 Monthly ............ 2,040
quirements for Securities Trans-
actions—344.4.
Maintain Securities Trading Policies and Recordkeeping ............... Mandatory ....... 680 12 0.25 Monthly ............ 2,040
Procedures—344.8.
Provide Customer with Copy of Broker/ Third-Party Disclosure .... Mandatory ....... 680 12 5 Monthly ............ 40,800
Dealer Confirmation and Remuneration
Received OR Written Notification or Al-
ternative Notification—344.5 and 344.6.
Officer/Employee Filing of Reports of Per- Third-Party Disclosure .... Mandatory ....... 3,400 4 1.50 Quarterly ......... 20,400
sonal Securities Trading Trans-
actions—344.9 (assumes 5 officers/em-
ployees at each institution with income
from securities broker activity).

Total hourly burden ........................... ......................................... ......................... .................... .................... .................... ......................... 65,280

General Description of Collection: The use of automated collection techniques noted, nonbanking activities will be
collection of information requirements or other forms of information conducted throughout the United States.
are contained in 12 CFR part 344. The technology. All comments will become Unless otherwise noted, comments
purpose of the regulation is to ensure a matter of public record. regarding each of these applications
that purchasers of securities in Dated at Washington, DC, on May 21, 2018. must be received at the Reserve Bank
transactions affected by insured state Federal Deposit Insurance Corporation. indicated or the offices of the Board of
nonmember banks are provided with Robert E. Feldman, Governors not later than June 19, 2018.
adequate records concerning the A. Federal Reserve Bank of Atlanta
Executive Secretary,
transactions. The regulation is also (Kathryn Haney, Director of
[FR Doc. 2018–11182 Filed 5–23–18; 8:45 am]
designed to ensure that insured state Applications) 1000 Peachtree Street NE,
BILLING CODE 6714–01–P
nonmember banks maintain adequate Atlanta, Georgia 30309. Comments can
records and controls with respect to the also be sent electronically to
securities transactions they effect. Applications.Comments@atl.frb.org:
Finally, this regulation requires officers 1. First US Bancshares, Inc.,
and employees of FDIC-supervised FEDERAL RESERVE SYSTEM
Birmingham, Alabama; to acquire 100
institutions to report to the FDIC- Formations of, Acquisitions by, and percent of the voting shares of The
supervised institution certain personal Mergers of Bank Holding Companies Peoples Bank, Rose Hill, Virginia.
securities trading activity. 2. National Commerce Corporation,
The FDIC has reviewed its previous The companies listed in this notice Birmingham, Alabama; to merge with
submission related to the Paperwork have applied to the Board for approval, Landmark Bancshares, Inc., and thereby
Reduction Act of 1995 and has updated pursuant to the Bank Holding Company indirectly acquire its subsidiary, First
its methodology for calculating the Act of 1956 (12 U.S.C. 1841 et seq.) Landmark Bank, both of Marietta,
burden in order to be consistent with (BHC Act), Regulation Y (12 CFR part Georgia.
the Federal Reserve Board and the 225), and all other applicable statutes
Office of the Comptroller of the Board of Governors of the Federal Reserve
and regulations to become a bank System, May 21, 2018.
Currency. In addition, the FDIC has holding company and/or to acquire the
reviewed and revised its estimated Yao-Chin Chao,
assets or the ownership of, control of, or Assistant Secretary of the Board.
number of respondents to ensure that the power to vote shares of a bank or
only those institutions with income [FR Doc. 2018–11118 Filed 5–23–18; 8:45 am]
bank holding company and all of the
from securities brokerage activity are BILLING CODE P
banks and nonbanking companies
included its respondent count. The
owned by the bank holding company,
overall decrease in burden hours is the
including the companies listed below.
result of these changes.
The applications listed below, as well DEPARTMENT OF HEALTH AND
Request for Comment as other related filings required by the HUMAN SERVICES
Comments are invited on: (a) Whether Board, are available for immediate
inspection at the Federal Reserve Bank Centers for Disease Control and
the collection of information is
indicated. The applications will also be Prevention
necessary for the proper performance of
the FDIC’s functions, including whether available for inspection at the offices of Board of Scientific Counselors, Office
the information has practical utility; (b) the Board of Governors. Interested of Public Health Preparedness and
the accuracy of the estimates of the persons may express their views in Response (BSC, OPHPR); Correction
writing on the standards enumerated in
sradovich on DSK3GMQ082PROD with NOTICES

burden of the information collection,
including the validity of the the BHC Act (12 U.S.C. 1842(c)). If the Notice is hereby given of a change in
methodology and assumptions used; (c) proposal also involves the acquisition of the meeting of the Board of Scientific
ways to enhance the quality, utility, and a nonbanking company, the review also Counselors, Office of Public Health
clarity of the information to be includes whether the acquisition of the Preparedness and Response, (BSC,
collected; and (d) ways to minimize the nonbanking company complies with the OPHPR); May 9, 2018, 10:00 a.m.–5:30
burden of the collection of information standards in section 4 of the BHC Act p.m., EDT and May 10, 2018, 8:30 a.m.–
on respondents, including through the (12 U.S.C. 1843). Unless otherwise 3:30 p.m., EDT which was published in

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Document Created: 2018-05-24 00:05:15
Document Modified: 2018-05-24 00:05:15

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		83 FR 24118