Notice2023-26197
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
November 28, 2023
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 88 Issue 227 (Tuesday, November 28, 2023)</title>
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[Federal Register Volume 88, Number 227 (Tuesday, November 28, 2023)]
[Notices]
[Page 83129]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-26197]
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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 or retention of a nonbanking company, the
review also includes whether the nonbanking activity 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 December 28, 2023.
A. Federal Reserve Bank of Atlanta (Erien O. Terry, Assistant Vice
President) 1000 Peachtree Street, NE, Atlanta, Georgia 30309. Comments
can also be sent electronically to <a href="/cdn-cgi/l/email-protection#b9f8c9c9d5d0dad8cdd0d6d7ca97fad6d4d4dcd7cdcaf9d8cdd597dfcbdb97d6cbde"><span class="__cf_email__" data-cfemail="2e6f5e5e42474d4f5a4741405d006d4143434b405a5d6e4f5a4200485c4c00415c49">[email protected]</span></a>.
1. Gulf Atlantic Financial Corporation, Tallahassee, Florida; to
become a bank holding company by acquiring of Gulf Atlantic Bank, Key
West, Florida.
B. Federal Reserve Bank of Dallas (Karen Smith, Director, Mergers &
Acquisitions) 2200 N Pearl Street, Dallas, Texas 75201-2272. Comments
can also be sent electronically to <a href="/cdn-cgi/l/email-protection#c182aeacaca4afb5b2efa0b1b1ada8a2a0b5a8aeafb281a5a0adefa7b3a3efaeb3a6"><span class="__cf_email__" data-cfemail="11527e7c7c747f65623f7061617d78727065787e7f625175707d3f7763733f7e6376">[email protected]</span></a>.
1. The Adam Corporation/Group and TAC Financial Corporation, both
of College Station, Texas; to become bank holding companies by
acquiring Adam Bank Group, Inc., and thereby indirectly acquiring
American Momentum Bank, both of College Station, Texas.
In addition, The Adam Corporation/Group and TAC Financial
Corporation, to engage in agency transactional services for customer
investments pursuant to section 225.28(b)(7) of the Board's Regulation
Y through its subsidiary Globetech Securities, LLC, Clifton Park, New
York.
C. Federal Reserve Bank of Cleveland (Nadine M. Wallman, Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566. Comments
can also be sent electronically to <a href="/cdn-cgi/l/email-protection#a8ebc7c5c5cdc6dcdb86c9d8d8c4c1cbc9dcc1c7c6dbe8cbc4cdde86cedaca86c7dacf"><span class="__cf_email__" data-cfemail="df9cb0b2b2bab1abacf1beafafb3b6bcbeabb6b0b1ac9fbcb3baa9f1b9adbdf1b0adb8">[email protected]</span></a>.
1. Nextier, Inc., Kittanning, Pennsylvania; to acquire Mars
Bancorp, Inc., and thereby indirectly acquire Mars Bank, both of Mars,
Pennsylvania.
Board of Governors of the Federal Reserve System.
Yao-Chin Chao,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-26197 Filed 11-27-23; 8:45 am]
BILLING CODE P
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