Notice2025-00599
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
January 14, 2025
Issuing agencies
Federal Reserve System
Full Text
<html>
<head>
<title>Federal Register, Volume 90 Issue 8 (Tuesday, January 14, 2025)</title>
</head>
<body><pre>
[Federal Register Volume 90, Number 8 (Tuesday, January 14, 2025)]
[Notices]
[Pages 3213-3214]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-00599]
=======================================================================
-----------------------------------------------------------------------
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.
---------------------------------------------------------------------------
\6\ The maximum penalty amount is per day, unless otherwise
indicated.
\7\ 12 U.S.C. 1464(v) provides the maximum CMP amounts for the
late filing of certain Call Reports. In 2012, however, the FDIC
issued regulations that further subdivided these amounts based upon
the size of the institution and the lateness of the filing. See 77
FR 74573, 74576 through 78 (Dec. 17, 2012), codified at 12 CFR
308.132(e)(1). These adjusted subdivided amounts are found at the
end of this chart.
\8\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\9\ 12 U.S.C. 1817(a) provides the maximum CMP amounts for the
late filing of certain Call Reports. In 1991, however, the FDIC
issued regulations that further subdivided these amounts based upon
the size of the institution and the lateness of the filing. See 56
FR 37968, 37992-93 (Aug. 9, 1991), codified at 12 CFR 308.132(e)(1).
These adjusted subdivided amounts are found at the end of this
chart.
\10\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\11\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\12\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\13\ These amounts also apply to CMPs in statutes that cross-
reference 12 U.S.C. 1818, such as 12 U.S.C. 2601, 2804(b), 3108(b),
3349(b), 4009(a), 4309(a), 4717(b); 15 U.S.C. 1607(a), 1681s(b),
1691(b), 1691c(a), 1693o(a); and 42 U.S.C. 3601.
\14\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\15\ The $157-per-day maximum CMP under 12 U.S.C. 1828(h) for
failure or refusal to pay any assessment applies only when the
assessment is less than $10,000. When the amount of the assessment
is $10,000 or more, the maximum CMP under section 1828(h) is 1
percent of the amount of the assessment for each day that the
failure or refusal continues.
\16\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\17\ The maximum penalty amount for an institution is the
greater of this amount or 1/100,000th of the institution's total
assets.
\18\ The maximum penalty amount for an institution is the
greater of this amount or 1/50,000th of the institution's total
assets.
\19\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
---------------------------------------------------------------------------
[[Page 3214]]
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)).
Comments received are subject to public disclosure. In general,
comments received will be made available without change and will not be
modified to remove personal or business information including
confidential, contact, or other identifying information. Comments
should not include any information such as confidential information
that would not be appropriate for public disclosure.
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 February 13, 2025.
A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414.
Comments can also be sent electronically to
<a href="/cdn-cgi/l/email-protection#7b381416161e150f08551a0b0b1712181a0f121415083b181312551d09195514091c"><span class="__cf_email__" data-cfemail="b5f6dad8d8d0dbc1c69bd4c5c5d9dcd6d4c1dcdadbc6f5d6dddc9bd3c7d79bdac7d2">[email protected]</span></a>:
1. UIR Acceptance Corporation, Lemont, Illinois; to become a bank
holding company by acquiring Easton Bancshares, Inc., and thereby
indirectly acquiring Community Bank of Easton, both of Easton,
Illinois.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Associate Secretary of the Board.
[FR Doc. 2025-00599 Filed 1-13-25; 8:45 am]
BILLING CODE 6210-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on January 14, 2025.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.