03-5013. Formations of, Acquisitions by, and Mergers of Bank Holding Companies  

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    The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below.

    The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the Start Printed Page 10247nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained from the National Information Center Web site at http://www.ffiec.gov/​nic/​.

    Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than March 28, 2003.

    A. Federal Reserve Bank of Atlanta (Sue Costello, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309-4470:

    1. SNB Bancshares, Inc., Macon, Georgia; to acquire 100 percent of the voting shares of Bank of Gray, Gray, Georgia.

    B. Federal Reserve Bank of Minneapolis (Richard M. Todd, Vice President and Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:

    1. TCF Financial Corporation, Wayzata, Minnesota; to acquire up to an additional 5.10 percent of the voting shares of TransCommunity Bankshares Incorporation, Richmond, Virginia, thereby increasing its ownership interest to no more than 9.99 percent and thereby indirectly acquire Bank of Powhatan, National Association, Powhatan, Virginia and Bank of Goochland, National Association, Goochland, Virginia.

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    Board of Governors of the Federal Reserve System, February 26, 2003.

    Robert deV. Frierson,

    Deputy Secretary of the Board.

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    [FR Doc. 03-5013 Filed 3-3-03; 8:45 am]

    BILLING CODE 6210-01-S

Document Information

Published:
03/04/2003
Department:
Federal Reserve System
Entry Type:
Notice
Document Number:
03-5013
Pages:
10246-10247 (2 pages)
PDF File:
03-5013.pdf