[Federal Register Volume 60, Number 221 (Thursday, November 16, 1995)]
[Notices]
[Pages 57583-57584]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28269]
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FEDERAL RESERVE SYSTEM
Republic Bancorp, Inc.; Acquisition of Company Engaged in
Permissible Nonbanking Activities
The organization listed in this notice has applied under Sec.
225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR 225.23(a)(2) or
(f)) 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. Unless otherwise noted, such activities
will be conducted throughout the United States.
The 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 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.
Comments regarding this application must be received not later than
November 28, 1995.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Republic Bancorp, Inc., Owosso, Michigan; to acquire through its
majority owned subsidiary, CUB
[[Page 57584]]
Funding, Calabasas, California, a 50.1 percent voting interest in
Premier Partners-James R. Gary Realtors, Woodland Hills, California (a
joint venture), and thereby engage in originating, funding, and
servicing residential mortgage loans on a retail basis, pursuant to
Sec. 225.25(b)(1) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, November 8,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-28269 Filed 11-15-95; 8:45 am]
BILLING CODE 6210-01-F
