[Federal Register Volume 60, Number 148 (Wednesday, August 2, 1995)]
[Notices]
[Page 39394]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-18932]
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FEDERAL RESERVE SYSTEM
Community Trust Financial Services Corporation; 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
August 16, 1995.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Community Trust Financial Services Corporation, Hiram, Georgia;
to establish Community Loan Company, Hiram, Georgia, a joint venture
with Danny H. Drummond, and thereby engage in the sale of credit-
related insurance, pursuant to Sec. 225.25(b)(8)(i) of the Board's
Regulation Y, and tax planning and preparation services to individuals,
businesses, and non-profit organizations, pursuant to Sec.
225.25(b)(21) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, July 27, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-18932 Filed 8-1-95; 8:45 am]
BILLING CODE 6210-01-F
