[Federal Register Volume 60, Number 122 (Monday, June 26, 1995)]
[Notices]
[Pages 32963-32964]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-15519]
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FEDERAL RESERVE SYSTEM
Intervest Bancshares Corporation, et al.; Notice of Applications
to Engage de novo in Permissible Nonbanking Activities
The companies listed in this notice have 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 [[Page 32964]] 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.
Each 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.
Unless otherwise noted, comments regarding the applications must be
received at the Reserve Bank indicated or the offices of the Board of
Governors not later than July 10, 1995.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Intervest Bancshares Corporation, New York, New York; to engage
de novo through its subsidiary, Intervest Bancshares Corporation, New
York, New York, in making, acquiring, participating in and/or servicing
loans sercured by mortgages on real estate for Applicant's account or
the account of others, pursuant to Sec. 225.25(b)(1) of of the Board's
Regulation Y.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. First Business Bancshares, Inc., Madison, Wisconsin; to engage
de novo through its subsidiary, First Madison Capital Corp., Madison,
Wisconsin, in commercial finance lending, pursuant to Sec.
225.25(b)(1)(iv) of the Board's Regulation Y; and leasing of personal
property, pursuant to Sec. 225.25(b)(5) of The Board's Regulation Y.
The proposed activity will be conducted throughout the state of
Wisconsin.
2. GNB Bancorporation, Grundy Center, Iowa; to engage de novo
through its subsidiary, GNB Financial Co., Grundy Center, Iowa, in
leasing activities, pursuant to Sec. 225.25(b)(5) of the Board's
Regulation Y.
Board of Governors of the Federal Reserve System, June 20, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-15519 Filed 6-23-95; 8:45 am]
BILLING CODE 6210-01-F
