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

[Federal Register: October 17, 2006 (Volume 71, Number 200)]

[Notices]

[Page 61059]

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

[DOCID:fr17oc06-106]

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 http://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 November 9, 2006.

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

   1. TransCommunity Financial Corporation, Glen Allen, Virginia; to acquire 100 percent of the voting shares of Bank of Rockbridge, Lexington, Virginia (in organization).

2. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309:

   1. 1st Jackson Bancshares, Inc., Stevenson, Alabama; to acquire 100 percent of the voting shares of The Peoples Bancshares, Inc., Sardis, Tennessee, and thereby indirectly acquire voting shares of The Peoples Bank, Sardis, Tennessee.

   2. Ameris Bancorp, Moultrie, Georgia; to merge with Islands Bancorp, and thereby indirectly acquire Islands Community Bank, National Association, both of Beaufort, South Carolina.

   3. CPB Bancshares, Inc., Church Point, Louisiana; to become a bank holding company by acquiring 100 percent of the voting shares of Church Point Bank and Trust Company, both of Church Point, Louisiana.

   4. Oglethorpe Bank Holding Company, Brunswick, Georgia; to become a bank holding company by acquiring 100 percent of the voting shares of Oglethorpe Bank, Brunswick, Georgia.

3. Federal Reserve Bank of Chicago (Patrick M. Wilder, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:

   1. Northstar Financial Group, Inc., Bad Axe, Michigan; to merge with Valley Financial Corp., and thereby indirectly acquire voting shares of Community Bank, both of Caro, Michigan.

   Board of Governors of the Federal Reserve System, October 11, 2006. Robert deV. Frierson, Deputy Secretary of the Board.

   [FR Doc. E6-17154 Filed 10-16-06; 8:45 am]

   BILLING CODE 6210-01-S