[Federal Register Volume 59, Number 19 (Friday, January 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1942]
[Federal Register: January 28, 1994]
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FEDERAL RESERVE SYSTEM
Pointe Financial Corporation, et al.; Formations of, Acquisitions
by, and Mergers of Bank Holding Companies; and Acquisitions of
Nonbanking Companies
The companies listed in this notice have applied under Sec. 225.14
of the Board's Regulation Y (12 CFR 225.14) for the Board's approval
under section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to
become a bank holding company or to acquire voting securities of a bank
or bank holding company. The listed companies have also applied under
Sec. 225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) 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 acquire or control voting securities or assets of a
company engaged 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, or to engage in such an activity. Unless otherwise
noted, these activities will be conducted throughout the United States.
The applications are 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 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 each of these
applications must be received at the Reserve Bank indicated or the
offices of the Board of Governors not later than February 22, 1994.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Pointe Financial Corporation, Boca Raton, Florida; to become a
bank holding company by acquiring 100 percent of the voting shares of
Flamingo Bank, Pembroke Pines, Florida.
In connection with this application, Applicant also proposes to
acquire Pointe Federal Savings Bank, Boca Raton, Florida, and thereby
engage in operating a savings association pursuant to Sec.
225.25(b)(9) of the Board's Regulation Y.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Trans Financial Bancorp, Inc., Bowling Green, Kentucky; to merge
with or acquire at least 58.35 percent of the voting shares of Peoples
Financial Services, Inc., Cookeville, Tennessee, and thereby indirectly
acquire Peoples Bank and Trust of the Cumberlands, Cookeville,
Tennessee, and Citizens Federal Savings Bank, Rockwood, Tennessee.
In connection with this application, Applicant also proposes to
acquire Citizens Federal Savings Bank, Rockwood, Tennessee, and thereby
engage in operating a savings association pursuant to Sec.
225.25(b)(9) of the Board's Regulation Y. These activities will be
conducted in the State of Tennessee.
Board of Governors of the Federal Reserve System, January 24,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-1942 Filed 1-27-94; 8:45 am]
BILLING CODE 6210-01-F
