Notice2023-20935
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
September 26, 2023
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 88 Issue 185 (Tuesday, September 26, 2023)</title>
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[Federal Register Volume 88, Number 185 (Tuesday, September 26, 2023)]
[Notices]
[Pages 66000-66001]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-20935]
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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
[[Page 66001]]
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 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 October 26, 2023.
A. Federal Reserve Bank of Richmond (Brent B. Hassell, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23219.
Comments can also be sent electronically to
<a href="/cdn-cgi/l/email-protection#ffbc9092929a918b8cd19e8f8f93969c9e8b9690918cbf8d969c97d1998d9dd1908d98"><span class="__cf_email__" data-cfemail="15567a7878707b61663b746565797c7674617c7a7b6655677c767d3b7367773b7a6772">[email protected]</span></a>:
1. Southern Bancshares (N.C.), Inc., Mount Olive, North Carolina;
to acquire up to 19.9 percent of the voting shares of Old Point
Financial Corporation, Hampton, Virginia, and thereby indirectly
acquire voting shares of The Old Point National Bank of Phoebus,
Hampton, Virginia, and Old Point Trust & Financial Services, N.A.,
Newport News, Virginia. In addition, Southern Bancshares (N.C.), Inc.,
through the acquisition of Old Point Trust & Financial Services, N.A.,
will engage in providing trust company functions and securities
brokerage services pursuant to sections 225.28(b)(5) and (b)(7)(i) of
the Board's Regulation Y, respectively. This notice replaces and
supersedes FR Doc 2023-62785 published on 09-13-2023.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-20935 Filed 9-25-23; 8:45 am]
BILLING CODE P
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</html>Indexed from Federal Register on September 26, 2023.
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