70 FR 67 pgs. 18021-18022 - Formations of, Acquisitions by, and Mergers of Bank HoldingCompanies
Type: NOTICEVolume: 70Number: 67Pages: 18021 - 18022
FR document: [FR Doc. 05-7014 Filed 4-7-05; 8:45 am]
Agency: Federal Reserve System
Official PDF Version: PDF Version
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Bank HoldingCompanies
The companies listed in this notice have applied to the Board forapproval, 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 allother applicable statutes and regulations to become a bank holding companyand/or to acquire the assets or the ownership of, control of, or the powerto vote shares of a bank or bank holding company and all of the banks andnonbanking companies owned by the bank holding company, including thecompanies listed below.
The applications listed below, as well as other related filings requiredby the Board, are available for immediate inspection at the Federal ReserveBank indicated. The application also will be available for inspection atthe offices of the Board of Governors. Interested persons may expresstheir views in writing on the standards enumerated in the BHC Act (12U.S.C. 1842(c)). If the proposal also involves the acquisition of anonbanking company, the review also includes whether the acquisition of thenonbanking company complies with the standards in section 4 of the BHC Act(12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will beconducted throughout the United States. Additional information on all bankholding companies may be obtained from the National Information Centerwebsite at www.ffiec.gov/nic/ .
Unless otherwise noted, comments regarding each of these applicationsmust be received at the Reserve Bank indicated or the offices of the Boardof Governors not later than May 2, 2005.
A. Federal Reserve Bank of Philadelphia (Michael E.Collins, Senior Vice President) 100 North 6th Street, Philadelphia,Pennsylvania 19105-1521:
1. North Penn Mutual Holding Company and North PennBancorp , both of Scranton, Pennsylvania; to become bank holdingcompanies by acquiring 100 percent of the of the voting shares of NorthPenn Bank, Scranton, Pennsylvania.
B. Federal Reserve Bank of Richmond (A. Linwood Gill,III, Vice President) 701 East Byrd Street, Richmond, Virginia23261-4528:
1. Premier Community Bankshares, Inc. , Winchester,Virginia; to acquire 100 percent of the voting shares of Premier Bank,Inc., Martinsburg, West Virginia (in organization).
C. Federal Reserve Bank of San Francisco (Tracy Basinger,Director, Regional and Community Bank Group) 101 Market Street, SanFrancisco, California 94105-1579:
1. Oakland Venture Group , Los Angeles, California; tobecome a bank holding company by acquiring 100 percent of the voting sharesof Innovative Bancorp, and thereby indirectly acquire Innovative Bank, bothof Oakland, California.
Board of Governors of the Federal Reserve System, April 4, 2005.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 05-7014 Filed 4-7-05; 8:45 am]
BILLING CODE 6210-01-S