[Federal Register Volume 62, Number 202 (Monday, October 20, 1997)]
[Notices]
[Pages 54460-54461]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-27636]
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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 applications listed below, as well as other related filings
required by the Board, are available for immediate inspection at the
Federal Reserve Bank indicated. The application also will be available
for inspection at the offices of the Board of Governors. 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 of a nonbanking company, the review also includes whether
the acquisition of the nonbanking company complies with the standards
in section 4 of the BHC Act. Unless otherwise noted, nonbanking
activities will be conducted throughout the United States.
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 November 13, 1997.
A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. NationsBank Corporation, and NB Holdings Corporation, both of
Charlotte, North Carolina; to merge with Barnett Banks, Inc.,
Jacksonville, Florida, and thereby indirectly acquire Barnett Bank,
National Association, Jacksonville, Florida, and Community Bank of the
Islands, Sanibel, Florida.
In connection with this application, Applicants also have applied
to acquire First of America Bank - Florida, FSB, Tampa, Florida, and
thereby engage in traditional thrift activities, pursuant to Sec.
225.28(b)(4) of the Board's Regulation Y;
[[Page 54461]]
Barnett Community Development Corporation, Jacksonville, Florida, and
thereby engage in investing in corporations or projects designed
primarily to promote community welfare, pursuant to Sec. 225.28(b)(12)
of the Board's Regulation Y; EquiCredit Corporation, Jacksonville,
Florida, and its direct and indirect subsidiaries, and thereby engage
in the activities of originating home equity and purchase money loans,
acquiring such loans originated from third parties, and securitizing
such loans in the secondary market, pursuant to Sec. 225.28(b)(1) of
the Board's Regulation Y, and in acting as principal, agent, or broker
for credit related insurance, pursuant to Sec. 225.28(b)(11) of the
Board's Regulation Y; Equity/Protect Reinsurance Company, Jacksonville,
Florida, and thereby engage in the activities of reinsuring credit
related insurance policies sold to EquiCredit Corporation customers,
pursuant to Sec. 225.28(b)(11) of the Board's Regulation Y; and Honor
Technologies, Inc., Maitland, Florida, and thereby engage in operating
an electronic funds transfer network and in data processing and
management consulting activities, pursuant to Secs. 225.28(b)(9) and
(b)(14), respectively of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, October 14,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-27636 Filed 10-17-97; 8:45 am]
BILLING CODE 6210-01-F
