[Federal Register Volume 60, Number 233 (Tuesday, December 5, 1995)]
[Notices]
[Page 62249]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-29550]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
SouthTrust Corporation; Acquisition of Company Engaged in
Permissible Nonbanking Activities
The organization listed in this notice has given notice under Sec.
225.23(a)(2) or (e) of the Board's Regulation Y (12 CFR 225.23(a)(2) or
(e)) 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 notice is available for immediate inspection at the Federal
Reserve Bank indicated. Once the notice 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
December 19, 1995.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. SouthTrust Corporation, Birmingham, Alabama, and SouthTrust of
Georgia, Inc., Atlanta, Georgia; to acquire Bankers First Corporation,
and its subsidiary, Bankers First Savings Bank, both of Augusta,
Georgia, and thereby engage in operating a savings association,
pursuant to Sec. 225.25(b)(9) of the Board's Regulation Y. At
consummation, Bankers First Corporation will merge into SouthTrust of
Georgia, Inc., and Bankers First Savings Bank, FSB, will merge into
SouthTrust of Georgia's bank subsidiary, SouthTrust Bank of Georgia,
N.A., Atlanta, Georgia.
Board of Governors of the Federal Reserve System, November 29,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-29550 Filed 12-4-95; 8:45 am]
BILLING CODE 6210-01-F
