[Federal Register Volume 62, Number 207 (Monday, October 27, 1997)]
[Notices]
[Page 55645]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28424]
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Bank Holding
Companies; Correction
This notice corrects a notice (FR Doc. 97-27636) published on pages
54460 - 54461 of the issue for Monday, October 20, 1997.
Under the Federal Reserve Bank of Richmond heading, the entry for
NationsBank Corporation, and NB Holdings Corporation, both of
Charlotte, North Carolina, is revised to read as follows:
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; 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.
In connection with this proposal, NationsBank has applied to
acquire an option for 19.9 percent of Barnett's outstanding shares.
Barnett also has applied to acquire an option for 10 percent of the
shares of NationsBank Corporation and all of its bank and nonbanking
subsidiaries. These options will expire upon consummation of the
merger.
Comments on this application must be received by November 13, 1997.
Board of Governors of the Federal Reserve System, October 22,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-28424 Filed 10-24-97; 8:45 am]
BILLING CODE 6210-01-F
