[Federal Register Volume 61, Number 25 (Tuesday, February 6, 1996)]
[Notices]
[Page 4438]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2389]
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FEDERAL RESERVE SYSTEM
First Commonwealth Financial 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
February 20, 1996.
A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
1. First Commonwealth Financial Corporation, Indiana, Pennsylvania;
to acquire BSI Financial Services, Inc., Titusville, Pennsylvania, and
thereby engage in making loans and loan servicing activities, pursuant
to Sec. 225.25(b)(1) of the Board's Regulation Y; in leasing
activities, pursuant to Sec. 225.25(b)(5) of the Board's Regulation Y;
in the operation as a collection agency, pursuant to Sec.
225.25(b)(23) of the Board's Regulation Y; and in collection of
troubled portfolios for the Federal Deposit Insurance Corporation as
permitted by Board Order for Dai-Ichi Kangyo Bank, Ltd., and Chemical
Banking Corp., 78 Fed. Res. Bull. 131, 1993.
Board of Governors of the Federal Reserve System, January 31,
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-2389 Filed 2-5-96; 8:45 am]
BILLING CODE 6210-01-F
