96-2313. United Bankshares, Inc.; Acquisition of Company Engaged in Permissible Nonbanking Activities  

  • [Federal Register Volume 61, Number 24 (Monday, February 5, 1996)]
    [Notices]
    [Page 4277]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 96-2313]
    
    
    
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    FEDERAL RESERVE SYSTEM
    
    United Bankshares, Inc.; 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 
    February 20, 1996.
        A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
    Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
        1. United Bankshares, Inc., Charleston, West Virginia; to acquire 
    Eagle Bancorp, Inc., Charleston, West Virginia, and thereby indirectly 
    acquire First Empire Federal Savings and Loan Association, Charleston, 
    West Virginia, and thereby engage in the operation of a savings and 
    loan association, pursuant to Sec.  225.25(b)(9) of the Board's 
    Regulation Y.
    
        Board of Governors of the Federal Reserve System, January 30, 
    1996.
    Jennifer J. Johnson,
    Deputy Secretary of the Board.
    [FR Doc. 96-2313 Filed 2-2-96; 8:45 am]
    BILLING CODE 6210-01-F
    
    

Document Information

Published:
02/05/1996
Department:
Federal Reserve System
Entry Type:
Notice
Document Number:
96-2313
Pages:
4277-4277 (1 pages)
PDF File:
96-2313.pdf