[Federal Register Volume 60, Number 212 (Thursday, November 2, 1995)]
[Notices]
[Pages 55717-55718]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-27209]
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FEDERAL RESERVE SYSTEM
Susquehanna Bancshares, Inc., et al.; Acquisitions of Companies
Engaged in Permissible Nonbanking Activities
The organizations listed in this notice have 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.
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
[[Page 55718]]
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 for the
application or the offices of the Board of Governors not later than
November 16, 1995.
A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
1. Susquehanna Bancshares, Inc., Lititz, Pennsylvania; to acquire
Fairfax Financial Corporation, Baltimore, Maryland, and thereby
indirectly acquire Fairfax Savings, F.S.B., Baltimore, Maryland, and
thereby engage in owning and operating a savings association, pursuant
to Sec. 225.25(b)(9) of the Board's Regulation Y; Advantage
Investments, Inc., Baltimore, Maryland, and thereby engage in acting as
agent in the sale of retail securities brokerage activities, pursuant
to Sec. 225.25(b)(15)(i) and (b)(15)(ii) of the Board's Regulation Y;
Fairfax Mortgage Corporation, Baltimore, Maryland, and thereby engage
in making loans secured by mortgages, pursuant to Sec. 225.25(b)(1) of
the Board's Regulation Y.
B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
1. Fifth Third Bancorp, Cincinnati, Ohio; to acquire Kentucky
Enterprise Bancorp, Inc., and Kentucky Enterprise Bank, FSB, both of
Newport, Kentucky, and thereby engage in permissible savings
association activities, pursuant to Sec. 225.25(b)(9) of the Board's
Regulation Y.
C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Firstar Corporation, Milwaukee, Wisconsin, and Firstar
Corporation of Iowa, Des Moines, Iowa; to acquire Harvest Financial
Corp., Dubuque, Iowa, and Harvest Savings Bank, F.S.B., Dubuque, Iowa,
and thereby engage in owning, controlling and operating a savings
association, pursuant to Sec. 225.25(b)(9) of the Board's Regulation
Y.
Board of Governors of the Federal Reserve System, October 27,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-27209 Filed 11-1-95; 8:45 am]
BILLING CODE 6210-01-F
