Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies

Federal Register, Volume 82 Issue 209 (Tuesday, October 31, 2017)

Federal Register Volume 82, Number 209 (Tuesday, October 31, 2017)

Notices

Pages 50426-50427

From the Federal Register Online via the Government Publishing Office www.gpo.gov

FR Doc No: 2017-23681

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FEDERAL RESERVE SYSTEM

Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies

The companies listed in this notice have applied to the Board for approval, pursuant to the Home Owners' Loan Act (12 U.S.C. 1461 et seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12 CFR part 239), and all other applicable statutes and regulations to become a savings and loan holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a savings association and nonbanking companies owned by the savings and loan holding company, including the companies listed below.

The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will 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 HOLA (12 U.S.C. 1467a(e)). 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 10(c)(4)(B) of the HOLA (12 U.S.C. 1467a(c)(4)(B)). Unless otherwise noted, nonbanking activities

Page 50427

will be conducted throughout the United States.

Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than November 28, 2017.

  1. Federal Reserve Bank of Atlanta (Kathryn Haney, Director of Applications) 1000 Peachtree Street NE., Atlanta, Georgia 30309. Comments can also be sent electronically to Applications.Comments@atl.frb.org:

  1. Southeastern Bancorp, Inc., Dickson, Tennessee; to merge with Cumberland Bancorp Inc., and thereby acquire Cumberland Bank & Trust, both of Clarksville, Tennessee. Southeastern Bancorp, Inc. will retain ownership of its savings association subsidiary, First Federal Bank, Dickson, Tennessee, and thereby continue to engage in operating a savings association. Southeastern Bancorp, Inc. will convert back to a savings and loan holding company after the merger of Cumberland Bank & Trust with and into First Federal Bank.

Board of Governors of the Federal Reserve System, October 26, 2017.

Ann E. Misback,

Secretary of the Board.

FR Doc. 2017-23681 Filed 10-30-17; 8:45 am

BILLING CODE P

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