Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
| Published date | 07 October 2021 |
| Citation | 86 FR 55845 |
| Record Number | 2021-21966 |
| Section | Notices |
| Court | Federal Reserve System |
55845
Federal Register / Vol. 86, No. 192 / Thursday, October 7, 2021 / Notices
Frequency of Response: On occasion
reporting requirement, recordkeeping
requirement and third-party disclosure
requirement.
Obligation to Respond: Required to
obtain or retain benefits. Statutory
authority for this information collection
is contained in 47 U.S.C. 10, 151, 154(i),
154(j), 155(c), 160, 201 and 303(r) of the
Communications Act of 1934.
Total Annual Burden: 1,280 hours.
Total Annual Cost: No cost.
Needs and Uses: Under section 10 of
the Communications Act of 1934, as
amended, telecommunications carriers
may petition the Commission to forbear
from applying to a telecommunications
carrier any statutory provision or
Commission regulation. When a carrier
petitions the Commission for
forbearance, section 10 requires the
Commission to make three
determinations with regard to the need
for the challenged provision or
regulation. If the Commission fails to act
within one year (extended by three
additional months, if necessary), the
petition is ‘‘deemed granted’’ by
operation of law. These determinations
require complex, fact-intensive analysis,
e.g., ‘‘whether forbearance from
enforcing the provision or regulation
will promote competitive market
conditions.’’ Under the filing
procedures, the Commission requires
that petitions for forbearance must be
‘‘complete as filed’’ and explain in
detail what must be included in the
forbearance petition. The Commission
also incorporates by reference its rule,
47 CFR 1.49, which states the
Commission’s standard ‘‘specifications
as to pleadings and documents.’’ Precise
filing requirements are necessary
because of section 10’s strict time limit
for Commission action. Also,
commenters must be able to clearly
understand the scope of the petition in
order to comment on it. Finally,
standard filing procedures inform
petitioners precisely what the
Commission expects from them in order
to make the statutory determinations
that the statute requires.
Federal Communications Commission.
Marlene Dortch,
Secretary, Office of the Secretary.
[FR Doc. 2021–21950 Filed 10–6–21; 8:45 am]
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FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (Act) (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
applications are set forth in paragraph 7
of the Act (12 U.S.C. 1817(j)(7)).
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on the
standards enumerated in paragraph 7 of
the Act.
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than October 22, 2021.
A. Federal Reserve Bank of San
Francisco (Sebastian Astrada, Director,
Applications) 101 Market Street, San
Francisco, California 94105–1579:
1. The Vanguard Group, Inc.,
Malvern, Pennsylvania; on behalf of
itself, its subsidiaries and affiliates,
including investment companies
registered under the Investment
Company Act of 1940, other pooled
investment vehicles, and institutional
accounts that are sponsored, managed,
or advised by Vanguard; to acquire
additional voting shares of First
American Financial Corporation, and
thereby indirectly acquire voting shares
of First American Trust, FSB, both of
Santa Ana, California.
2. The Vanguard Group, Inc.,
Malvern, Pennsylvania; on behalf of
itself, its subsidiaries and affiliates,
including investment companies
registered under the Investment
Company Act of 1940, other pooled
investment vehicles, and institutional
accounts that are sponsored, managed,
or advised by Vanguard; to acquire
additional voting shares of First
Hawaiian, Inc., and thereby indirectly
acquire voting shares of First Hawaiian
Bank, both of Honolulu, Hawaii.
3. The Vanguard Group, Inc.,
Malvern, Pennsylvania; on behalf of
itself, its subsidiaries and affiliates,
including investment companies
registered under the Investment
Company Act of 1940, other pooled
investment vehicles, and institutional
accounts that are sponsored, managed,
or advised by Vanguard; to acquire
additional voting shares of Pacific
Premier Bancorp, Inc., and thereby
indirectly acquire voting shares of
Pacific Premier Bank, both of Irvine,
California.
4. The Vanguard Group, Inc.,
Malvern, Pennsylvania; on behalf of
itself, its subsidiaries and affiliates,
including investment companies
registered under the Investment
Company Act of 1940, other pooled
investment vehicles, and institutional
accounts that are sponsored, managed,
or advised by Vanguard; to acquire
additional voting shares of PacWest
Bancorp, and thereby indirectly acquire
voting shares of Pacific Western Bank,
both of Beverly Hills, California.
B. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. Robin Saar and Candace Schubert,
both of Shannon, Illinois, and
Cassandre Rae Mlakar, Lake Carrol,
Illinois; to form the Saar Family Control
Group, a group acting in concert to
retain voting shares of Shannon
Bancorp, Inc., and thereby indirectly
retain voting shares of First State Bank
Shannon-Polo, both of Shannon,
Illinois.
C. Federal Reserve Bank of Kansas
City (Jeffrey Imgarten, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Charlotte Walden, as trustee of the
George D. Walden Family Trust, both of
Garden Plain, Kansas; as members of
the Walden Family Group, a group
acting in concert, to retain voting shares
of Garden Plain Bancshares, Inc., and
thereby indirectly retain voting shares of
Garden Plain State Bank, both of
Wichita, Kansas.
In addition, Tyler Walden, Wichita,
Kansas; Mary Conley, Savage,
Minnesota; and the Kelli Walden
Ventling Revocable Trust, Kelli Walden
Ventling as trustee, both of Bluffton,
South Carolina; to join the Walden
Family Group, to retain voting shares of
Garden Plain Bancshares, Inc., and
thereby indirectly acquire voting shares
of Garden Plain State Bank.
Board of Governors of the Federal Reserve
System, October 4, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–21966 Filed 10–6–21; 8:45 am]
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