[Federal Register Volume 61, Number 15 (Tuesday, January 23, 1996)]
[Notices]
[Pages 1758-1759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-759]
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FEDERAL RESERVE SYSTEM
National Commerce Bancorporation, et al.; Notice of Applications
to Engage de novo in Permissible Nonbanking Activities
The companies listed in this notice have filed an application under
Sec. 225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1))
for the Board's approval under section 4(c)(8) of the Bank Holding
Company Act (12 U.S.C. 1843(c)(8)) and Sec. 225.21(a) of Regulation Y
(12 CFR 225.21(a)) to commence or to engage de novo, either directly or
through a subsidiary, in a nonbanking activity that is listed in Sec.
225.25 of Regulation Y as closely related to banking and permissible
for bank holding companies. Unless otherwise noted, such activities
will be conducted throughout the United States.
Each application is available for immediate inspection at the
Federal Reserve Bank indicated. Once the application has been accepted
for processing, it will also be available for inspection at the offices
of the Board of Governors. Interested persons may express their views
in writing on the question whether consummation of the proposal can
``reasonably be expected to produce benefits to the public, such as
greater convenience, increased competition, or gains in efficiency,
that outweigh possible adverse effects, such as undue concentration of
resources, decreased or unfair competition, conflicts of interests, or
unsound banking practices.'' Any request for a hearing on this question
must be
[[Page 1759]]
accompanied by a statement of the reasons a written presentation would
not suffice in lieu of a hearing, identifying specifically any
questions of fact that are in dispute, summarizing the evidence that
would be presented at a hearing, and indicating how the party
commenting would be aggrieved by approval of the proposal.
Unless otherwise noted, comments regarding the applications must be
received at the Reserve Bank indicated or the offices of the Board of
Governors not later than February 6, 1996.
A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. National Commerce Bancorporation, Memphis, Tennessee; to engage
de novo through its subsidiary, USI Alliance Corp., Memphis, Tennessee,
in leasing personal property, pursuant to Sec. 225.25(b)(5)(i) of the
Board's Regulation Y.
2. Old National Bancorp, Evansville, Indiana; to engage de novo
through its subsidiary, Advantage Financial Services, Evansville,
Indiana, in the origination, making and servicing of consumer and
mortgage loans, pursuant to Sec. 225.25(b)(1) of the Board's
Regulation Y; and in acting as agent or broker for insurance directly
related to extensions of credit, pursuant to Sec. 225.25(b)(8)(ii) of
the Board's Regulation Y.
B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. Mountain Bank Systems, Inc., Whitefish, Montana; to engage de
novo through its subsidiary, Mountain Financial, Inc., Eureka, Montana,
in consumer lending and the sale of credit insurance, pursuant to Secs.
225.25(b)(1) and 225.25(b)(8)(i) of the Board's Regulation Y. These
activities will be conducted throughout Eureka, Montana, and the
districts of Rexford and Fortine Ranger of Lincoln County, Montana.
C. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. Community First Bankshares, Inc., Denver, Colorado; to engage de
novo in leasing activities, pursuant to Sec. 225.25(b)(5) of the
Board's Regulation Y.
Board of Governors of the Federal Reserve System, January 16,
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-759 Filed 1-22-96; 8:45 am]
BILLING CODE 6210-01-F
