[Federal Register Volume 60, Number 118 (Tuesday, June 20, 1995)]
[Notices]
[Page 32157]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-15003]
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FEDERAL RESERVE SYSTEM
Pointe Financial Corporation; Notice of Application to Engage de
novo in Permissible Nonbanking Activities
The company listed in this notice has filed an application under
Sec. 225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1))
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 commence or to engage de novo, either directly or
through a subsidiary, 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
July 5, 1995.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Pointe Financial Corporation, Boca Raton, Florida; to engage de
novo through a 50 percent owned subsidiary, Parkside Mortgage Company,
Boca Raton, Florida, in mortgage brokerage related activities, pursuant
to Sec. 225.25(b)(1)(iii) of the Board's Regulation Y. Notificant's
interest in Company will be held directly by its wholly-owned
subsidiary, Pointe Investments Services, Inc., Boca Raton, Florida. The
proposed activity will be conducted throughout the State of Florida.
Board of Governors of the Federal Reserve System, June 14, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-15003 Filed 6-19-95; 8:45 am]
BILLING CODE 6210-01-F
