[Federal Register Volume 60, Number 36 (Thursday, February 23, 1995)]
[Notices]
[Pages 10082-10083]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-4352]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Stine Family Partnership; Formation of, Acquisition by, or Merger
of Bank Holding Companies; and Acquisition of Nonbanking Company
The company listed in this notice has applied under Sec. 225.14 of
the Board's Regulation Y (12 CFR 225.14) for the Board's approval under
section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to become a
bank holding company or to acquire voting securities of a bank or bank
holding company. The listed company has also applied under Sec.
225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) 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 [[Page 10083]] 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, or to engage in such an activity. Unless
otherwise noted, these 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 the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
March 8, 1995.
A. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. Stine Family Partnership, Grand Island, Nebraska; to become a
bank holding company by acquiring 57.58 percent of the voting shares of
United Nebraska Financial Co., Grand Island, Nebraska, and thereby
indirectly acquire United Nebraska Bank, Grand Island, Nebraska.
In connection with this application, Applicant also has also
applied to acquire Burwell Insurance Agency, Inc., Burwell, Nebraska,
which is an existing subsidiary of United Nebraska Financial Co., and
thereby engage in acting as agent for the sale of general insurance in
a town of less than 5,000, pursuant to Sec. 225.25(b)(8)(iii)(A) of
the Board's Regulation Y.
Board of Governors of the Federal Reserve System, February 16,
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-4352 Filed 2-22-95; 8:45 am]
BILLING CODE 6210-01-F
