Notice2021-12084
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 9, 2021
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 86 Issue 109 (Wednesday, June 9, 2021)</title>
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[Federal Register Volume 86, Number 109 (Wednesday, June 9, 2021)]
[Notices]
[Pages 30601-30602]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-12084]
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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 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 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
[[Page 30602]]
whether the acquisition of the nonbanking company complies with the
standards in section 4 of the BHC Act (12 U.S.C. 1843), and interested
persons may express their views in writing on the standards enumerated
in section 4. Unless otherwise noted, nonbanking activities will be
conducted throughout the United States.
Comments regarding each of these applications must be 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 9, 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#7f3c1012121a110b0c511e0f0f13161c1e0b1610110c3f0d161c1751190d1d51100d18"><span class="__cf_email__" data-cfemail="0c4f6361616962787f226d7c7c60656f6d786563627f4c7e656f64226a7e6e22637e6b">[email protected]</span></a>:
1. VCC Social Enterprises, Richmond, Virginia; to become a bank
holding company by acquiring VCC Bank, Richmond, Virginia, and also
acquire Virginia Community Capital, Locus Capital, Locus Impact
Investing, and Locus Foundation, all of Richmond, Virginia, and thereby
engage in extending credit and servicing loans, asset management
activities, management consulting, community development activities,
financing and investment activities, and data processing activities
pursuant to section 225.28(b)(1), (b)(2)(vi), (b)(9)(i)(A),
225.28(b)(12)(i), and (b)(14)(i) the Board's Regulation Y,
respectively.
Board of Governors of the Federal Reserve System, June 4, 2021.
Ann Misback,
Secretary of the Board.
[FR Doc. 2021-12084 Filed 6-8-21; 8:45 am]
BILLING CODE P
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