Banks and bank holding companies: Formations, acquisitions, and mergers,

[Federal Register: September 12, 2001 (Volume 66, Number 177)]

[Notices]

[Page 47489]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr12se01-98]

FEDERAL RESERVE SYSTEM

Formations of, Acquisitions by, and Mergers of Bank Holding Companies

The companies listed in this notice have 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 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 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 (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained from the National Information Center website at www.ffiec.gov/nic/.

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 October 5, 2001.

1. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105- 1521:

   1. Sun Bancorp, Inc., Vineland, New Jersey; to acquire Delaware City Bank, Delaware City, Delaware.

   In connection with this application, Applicant has applied to acquire the Delaware City Building and Loan Association, Delaware City, Delaware (``Association''), and engage in operating a savings association, pursuant to Sec. 225.28(b)(4)(ii) of Regulation Y. Association proposes to merge with Sun's existing subsidiary, Sun National Bank, Delaware, Wilmington, Delaware.

2. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:

   1. BB&T Corporation, Winston-Salem, North Carolina; to merge with Community First Banking Company, Carrollton, Georgia, and thereby indirectly acquire Community First Bank, Carrollton, Georgia.

3. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice President) 2200 North Pearl Street, Dallas, Texas 75201-2272:

   1. Overton Financial Corporation, Overton, Texas and Overton Delaware Corporation, Dover, Delaware; to acquire .93 percent, for a total of 25.3 percent, the voting shares of Longview Financial Corporation, Longview, Texas, and thereby indirectly acquire shares of Longview Bank and Trust, Longview, Texas, and First State Bank, Van, Texas.

   Board of Governors of the Federal Reserve System, September 6, 2001. Robert deV. Frierson, Deputy Secretary of the Board.

   [FR Doc. 01-22817Filed9-11-01; 8:45 am]

   BILLING CODE 6210-01-S