[Federal Register Volume 60, Number 79 (Tuesday, April 25, 1995)]
[Notices]
[Page 20271]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-10119]
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FEDERAL RESERVE SYSTEM
Wilmington Trust Corporation, et al.; Acquisition of Company
Engaged in Permissible Nonbanking Activities
The organization listed in this notice has 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.
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 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 the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
May 10, 1995.
A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
1. Wilmington Trust Corporation, Wilmington, Delaware; to acquire
Wilmington Trust of Florida, Stuart, Florida, and thereby engage in
certain trust activities through a subsidiary, pursuant to Sec.
225.25(b)(3) of the Board's Regulation Y.
B. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Brazosport Corporation, Corpus Christi, Texas; to acquire First
Commerce Mortgage Corporation, Corpus Christi, Texas, and thereby
engage in making, acquiring, or servicing loans for itself or for
others, and loan marketing and advisory services, pursuant to Sec.
225.25(b)(1) of the Board's Regulation Y. The geographic scope for
these activities is Corpus Christi, Texas; the Brazosport area (which
includes Freeport, Lake Jackson, Clute, and Richwood, Texas); and
adjacent areas.
Board of Governors of the Federal Reserve System, April 19,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-10119 Filed 4-24-95; 8:45 am]
BILLING CODE 6210-01-F
