89 FR 8 pgs. 1919-1920 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Type: NOTICEVolume: 89Number: 8Pages: 1919 - 1920
Pages: 1919, 1920FR document: [FR Doc. 2024-00480 Filed 1-10-24; 8:45 am]
Agency: Federal Reserve System
Official PDF Version: PDF Version
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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 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.
Footnotes:
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.
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 https://www.federalreserve.gov/foia/request.htm. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)).
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 12, 2024.
A. Federal Reserve Bank of Cleveland (Nadine M. Wallman, Vice President) 1455 East Sixth Street, Cleveland, Ohio 44114. Comments can also be sent electronically to comments.applications@clev.frb.org:
1. KFB Holdings, Inc., to become a bank holding company by acquiring Kentucky Farmers Bank Corporation, both of Ashland, Kentucky.
B. Federal Reserve Bank of Kansas City (Jeffrey Imgarten, Assistant Vice President) One Memorial Drive, Kansas City, Missouri 64198-0001. Comments can also be sent electronically to KCApplicationComments@kc.frb.org:
1. Prairie Bell Holdings, Inc., Tulsa, Oklahoma; to become a bank holding company by acquiring Spiro Bancshares, Inc., and thereby indirectly acquiring Spiro State Bank, both of Spiro, Oklahoma.
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Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-00480 Filed 1-10-24; 8:45 am]
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