96-2314. Westwood Financial Corporation; Formation of, Acquisition by, or Merger of Bank Holding Companies

[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: 96-2314]



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FEDERAL RESERVE SYSTEM

Westwood Financial Corporation; Formation of, Acquisition by, or 
Merger of Bank Holding Companies

    The company listed in this notice has applied for the Board's 
approval under section 3 of the Bank Holding Company Act (12 U.S.C. 
1842) and Sec.  225.14 of the Board's Regulation Y (12 CFR 225.14) to 
become a bank holding company or to acquire a bank or bank holding 
company. The factors that are considered in acting on the applications 
are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)).
    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 to the Reserve Bank indicated for that application or to the 
offices of the Board of Governors. Any comment on an application that 
requests a hearing must include a statement of why a written 
presentation would not suffice in lieu of a hearing, identifying 
specifically any questions of fact that are in dispute and summarizing 
the evidence that would be presented at a hearing.
    Comments regarding this application must be received not later than 
February 26, 1996.
    A. Federal Reserve Bank of New York (Christopher J. McCurdy, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Westwood Financial Corporation, Westwood, New Jersey; to become 
a bank holding company by acquiring 100 percent of the voting shares of 
Westwood Savings Bank, Westwood, New Jersey.

    Board of Governors of the Federal Reserve System, January 30, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-2314 Filed 2-2-96; 8:45 am]
BILLING CODE 6210-01-F