Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities

[Federal Register Volume 64, Number 31 (Wednesday, February 17, 1999)]
[Notices]
[Pages 7892-7893]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-3739]


-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Notice of Proposals to Engage in Permissible Nonbanking 
Activities or to Acquire Companies that are 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

[[Page 7893]]

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 2, 1999.
    A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Commercial National Financial Corporation, Latrobe, 
Pennsylvania; to engage de novo through its subsidiary, Commercial 
National Insurance Services, Latrobe, Pennsylvania, in a joint venture 
with Gooder & Mary, Inc., Ligonier, Pennsylvania, and thereby engage in 
general insurance activities in a place of less than 5,000, pursuant to 
Sec.  225.28(b)(11)(iii).

    Board of Governors of the Federal Reserve System, February 10, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-3739 Filed 2-16-99; 8:45 am]
BILLING CODE 6210-01-F