Notice2021-11685
Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
Primary source
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Published
June 3, 2021
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 86 Issue 105 (Thursday, June 3, 2021)</title>
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[Federal Register Volume 86, Number 105 (Thursday, June 3, 2021)]
[Notices]
[Pages 29775-29776]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-11685]
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FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or To Acquire Companies 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 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.
The public portions of the applications listed below, as well as
other related filings required by the Board, if any, are available for
immediate inspection at the Federal Reserve Bank(s) indicated below and
at the offices of the Board of Governors. This information may also be
obtained on an expedited basis, upon request, by contacting the
appropriate Federal Reserve Bank and from the Board's Freedom of
Information Office at <a href="https://www.federalreserve.gov/foia/request.htm">https://www.federalreserve.gov/foia/request.htm</a>.
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
[[Page 29776]]
received at the Reserve Bank indicated or the offices of the Board of
Governors, Ann E. Misback, Secretary of the Board, 20th Street and
Constitution Avenue NW, Washington DC 20551-0001, not later than July
6, 2021.
A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street, Richmond, Virginia 23219. Comments can
also be sent electronically to or <a href="/cdn-cgi/l/email-protection#6724080a0a02091314490617170b0e0406130e08091427150e040f4901150549081500"><span class="__cf_email__" data-cfemail="cd8ea2a0a0a8a3b9bee3acbdbda1a4aeacb9a4a2a3be8dbfa4aea5e3abbfafe3a2bfaa">[email protected]</span></a>:
1. Shore Bancshares, Inc., Easton, Maryland; to acquire Severn
Bancorp, Inc., and thereby indirectly acquire Severn Savings Bank, FSB,
both of Annapolis, Maryland, and thereby engage in operating a savings
association pursuant to section 225.28(b)(4)(ii) of Regulation Y.
Board of Governors of the Federal Reserve System, May 28, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-11685 Filed 6-2-21; 8:45 am]
BILLING CODE P
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