96-18448. Formations of, Acquisitions by, and Mergers of Bank Holding Companies  

  • [Federal Register Volume 61, Number 141 (Monday, July 22, 1996)]
    [Notices]
    [Page 37901]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 96-18448]
    
    
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    FEDERAL RESERVE SYSTEM
    
    
    Formations of, Acquisitions by, and Mergers of Bank Holding 
    Companies
    
        The company listed in this notice has 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 application listed below, as well as other related filings 
    required by the Board, are 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 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 
    nonbanking company complies with the standards in section 4 of the BHC 
    Act, including whether the acquisition of the nonbanking company 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'' (12 U.S.C. 1843). Any request for a hearing 
    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, nonbanking activities will be conducted throughout the 
    United States.
        Unless otherwise noted, comments regarding the application must be 
    received at the Reserve Bank indicated or the offices of the Board of 
    Governors not later than August 25, 1996.
        A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
    Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
        1. MainStreet BankGroup Incorporated, Martinsville, Virginia; to 
    acquire 100 percent of the voting shares of Hanover Bank, 
    Mechanicsville, Virginia.
    
        Board of Governors of the Federal Reserve System, July 16, 1996.
    Jennifer J. Johnson,
    Deputy Secretary of the Board.
    [FR Doc. 96-18448 Filed 7-19-96; 8:45 am]
    BILLING CODE 6210-01-M
    
    
    

Document Information

Published:
07/22/1996
Department:
Federal Reserve System
Entry Type:
Notice
Document Number:
96-18448
Pages:
37901-37901 (1 pages)
PDF File:
96-18448.pdf