[Federal Register Volume 60, Number 37 (Friday, February 24, 1995)]
[Notices]
[Page 10394]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-4549]
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FEDERAL RESERVE SYSTEM
Susquehana 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
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
March 9, 1995.
A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
1. Susquehanna Bancshares, Lititz, Pennsylvania; to acquire
Atlanfed Bancorp, Inc., Baltimore, Maryland (a thrift holding company),
and thereby indirectly acquire Atlantic FSB, Baltimore, Maryland, and
engage in owning, controlling or operating a savings association,
pursuant to Sec. 225.25(b)(9) of the Board's Regulation Y; originating
loans, pursuant to Sec. 225.25(b)(1) of the Board's Regulation Y;
investment advisory services, pursuant to Sec. 225.25(b)(4) of the
Board's Regulation Y; real estate appraisal services, pursuant to Sec.
225.25(b)(13) of the Board's Regulation Y; retail securities brokerage,
pursuant to Sec. 225.25(b)(15)(i) of the Board's Regulation Y; retail
securities brokerage in combination with investment advisory services,
pursuant to Secs. 225.25(b)(15)(ii) and (b)(4) of the Board's
Regulation Y; and providing real estate settlement services, pursuant
to Norwest Corporation, 80 FRB 453 (1994). The geographic scope of
these activities is Maryland.
2. Susquehanna Bancshares, Lititz, Pennsylvania; to acquire
Reisterstown Holdings, Inc., Reisterstown, Maryland (a thrift holding
company), and thereby indireectly acquire Reisterstown FSB,
Reisterstown, Maryland, and engage in owning, controlling or operating
a savings association, pursuant to Sec. 225.25(b)(9) of the Board's
Regulation Y; making and servicing loans including real estate
settlement services, pursuant to Sec. 225.25(b)(1) of the Board's
Regulation Y and Norwest Corporation, 80 FRB 453 (1994); investment
advisory services, pursuant to Sec. 225.25(b)(4) of the Board's
Regulation Y; sale of credit insurance in the form of mortgage
insurance disability and life insurance products to customers of
affiliates, pursuant to Sec. 225.25(b)(8)(i) of the Board's Regulation
Y; retail securities brokerage, pursuant to Sec. 225.25(b)(15)(i) of
the Board's Regulation Y; retail securities brokerage in combination
with investment advisory services, pursuant to Sec. 225.25(b)(15)(ii)
of the Board's Regulation Y. The geographic scope for these activities
is Maryland.
B. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
1. F & M National Corporation, Winchester, Virginia; to acquire
Farland Investment Management, Inc., Winchester, Virginia, and thereby
engage in portfolio investment advice and financial planning services
to individuals, corporations, banks, pension and profit sharing plans,
trusts, estates, and charitable organizations, pursuant to Sec.
225.25(b)(4)(iii) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, February 17,
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-4549 Filed 2-23-95; 8:45 am]
BILLING CODE 6210-01-F
