Banking Applications

Supervision, Regulation, and Credit: Applications

The primary function of the Banking Applications unit is to take actions and make recommendations on applications and notices filed by Sixth District state member banks, bank holding companies, savings and loan holding companies, and foreign banking organizations subject to Federal Reserve supervision. The unit also acts or makes recommendations with respect to notices by individuals to acquire controlling interests in Sixth District state member banks, bank holding companies, and savings and loan holding companies.

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  • Contacts

    Applications Officers
    Suzanna Costello, Vice President
    404-514-1416

    Kathryn Haney, Assistant Vice President
    404-498-7298

    Applications Director
    Sabrina Francis
    404-498-7368

    Legal Interpretations
    Dwight Blackwood
    404-498-8262

    Alan Faircloth
    404-498-7322

    Rebecca Wasserman
    404-498-8262

    Competitive Effects
    Roxana Maneiro
    305-597-6837

    Yashica Pope
    404-498-7493

    Operations Control
    Kristi Jones
    404-498-7245

    Rhonda Wright
    404-498-7160

    Applications Analysts
    Tamika Cook
    404-498-7240

    Julie Mizell
    404-498-7299

    Bryan Parkes
    404-498-7865

    Yashica Pope
    404-498-7493

    Jennifer Snow
    404-498-7218

    Where to Send Applications, Notices, Requests for Advance Publication, Requests for Public Information:
    Kathryn Haney
    Assistant Vice President
    Federal Reserve Bank of Atlanta
    Department of Supervision, Regulation & Credit
    1000 Peachtree Street N.E.
    Atlanta, Georgia 30309-4470
    Phone: 404-498-7298
    FAX: 404-498-7302

  • Specific Filing Types

    Updated August 12, 2016

    Bank Holding Company
    Acquisition or Merger
    Application Waiver Request
    Formation
    Non-Bank Activities and Acquisitions
    Stock Redemption
    Change in: Control | Management
    Commitment Relief Request
    Federal Reserve Membership
    Financial Holding Company Declaration
    Foreign Bank Agency or Representative Office | Other International Applications
    Savings & Loan Holding Company: ApplicationsOff-site link | Mutual Holding Company ApplicationsOff-site link
    State Member Bank
    Branch: Closing | Opening
    Premises Investments
    Transactions Involving Another Bank or Savings Association



    Bank Holding Company Formation

    Guiding Regulation: Regulation Y, See Sections 225.17 and 225.15

    Forms:

    • FRY-3 or FRY-3N for companies organized in the U.S.
    • FRY-3F for companies organized under the laws of a foreign country
    • FR2081C (Interagency Biographical and Financial Report) for (i) controlling shareholders; (ii) top two decision makers; and (iii) shareholders who will own 10 percent or more of the applicant company. For a filing related to conversion of an SLHC to a BHC, FR2081C is required for (i) new controlling shareholders; (ii) new principal shareholders; and (iii) new director(s) and senior executive officer(s) not currently affiliated with the applicant company in similar ownership/management positions.
    • FR2081C is NOT required for filings under Section 225.17 of Regulation Y.

    Publication: Filings under Section 225.17 of Regulation Y — no publication. Filings under Section 225.15 of Regulation Y require publication in the newspaper and Federal Register.

    Number of Copies to Submit:

    • Final filing under Section 225.15 of Regulation Y - Original and 3 copies
    • Final filing under Section 225.17 of Regulation Y - Original and 2 copies

    Justice Department Waiting Period: There is no post-approval waiting period for filings under Section 225.17 of Regulation Y. The United States Justice Department requires a 30-day post approval waiting period for applications filed under Section 225.15 of Regulation Y. In some cases, the Justice Department will shorten the waiting period to 15 days.

    Miscellaneous Information: A proposal to form a bank holding company over a de novo bank is strengthened by the following commitment: "Applicant will not incur debt without the prior approval of the Federal Reserve." This commitment is routinely obtained from bank holding companies over de novo banks because a de novo bank has little or no historical record of satisfactory earnings to support debt servicing.

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    Bank Holding Company—Banking Acquisition or Merger

    Guiding Regulation: Regulation Y, See Sections 225.14 and 225.15


    Forms:
    • FRY-3 or FRY-3N for companies organized in the U.S.
    • FRY-3F for companies organized under the laws of a foreign country
    • FR2081C (Interagency Biographical and Financial Reports) for (i) new controlling shareholders; (ii) new principal shareholders (ie., any shareholders who will own 10 percent or more of the applicant on a pro forma basis and currently hold less than10 percent); and (iii) proposed new directors and senior executive officers not currently affiliated with the applicant or target in similar management positions.

    Publication: newspaper and Federal Register

    Number of Copies to Submit: Final filing - Original and 3 copies

    Justice Department Waiting Period: The United States Justice Department requires a 30-day post approval waiting period for applications filed under Section 225.14 or 225.15 of Regulation Y. In some cases, the Justice Department will shorten the waiting period to 15 days.

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    Bank Holding Company—Non-Bank Activities and Acquisitions

    Guiding Regulation: Regulation Y, See Subpart C

    Form: FRY-4 for filings pursuant to section 225.23 or 225.24 of Regulation Y. No form is required for filings pursuant to section 225.22(a) of Regulation Y; the required information should be provided in a letter.

    Publication: Requirements vary depending on proposed activity.

    Number of Copies to Submit: Final filing - Original and 3 copies

    Miscellaneous Information: Proposals to acquire thrifts or other nonbank insured depository institutions may be submitted following the procedures described in Section 225.14 of Regulation Y (Expedited action for certain bank acquisitions by well-run bank holding companies) if the proposal meets the criteria. Proposals that do not meet the criteria of Section 225.14 should be submitted using the procedures described in Section 225.24 (Procedures for other nonbank proposals).

    If your proposal involves a joint venture, please refer to SR 96-39Off-site link.

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    Bank Holding Company—Application Waiver Requests

    Guiding Regulation: Regulation Y, See Section 225.12(d)(2)

    Form: None. The required information should be provided in a letter along with a copy of the corresponding Bank Merger Act application.

    Publication: None

    Number of Copies to Submit: Final filing - Original and 2 copies

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    Bank Holding Company—Stock Redemption

    Guiding Regulation: Regulation Y, See Section 225.4(b)

    Form: None. The required information should be provided in a letter.

    Publication: None

    Number of Copies to Submit: Final filing - Original and 2 copies

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    Change in Management

    Guiding Regulation: Regulation Y, See Subpart H or Regulation LL, See Subpart H

    Forms: FR2081B and FR2081C

    Publication: None

    Number of Copies to Submit: Final filing - Original and 4 copies

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    Change in Control

    Guiding Regulation: Regulation Y, See Subpart E or Regulation LL, See Subpart D

    Forms: FR2081A and C (FR2081C should be completed for all parties to the filing who will control 2 percent or more and any new top two decision makers)

    Publication: newspaper and Federal Register
    Note: If an acquiring party is a partnership, the public notice should include the name and location of the partnership and each of its general partners. If an acquiring party is a trust, the public notice should include the name and location of the trust and each of its trustees.

    Number of Copies to Submit: Final filing - Original and 2 copies

    Miscellaneous Information: The Change in Bank Control Act requires that the notificant furnish independent verification of sources of funds to be used in the transaction. Examples of independent documentation are bank letters verifying cash balances, copies of federal income tax returns to verify income, and appraisals and sale contracts for assets to be liquidated. If any portion of the funds for the acquisition will be borrowed, the cash flow projections requested in FR2081C (Interagency Biographical and Financial Report) should demonstrate the notificant's ability to service the proposed borrowings.

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    Commitment Relief Request

    Guiding Regulation: Varies depending on the nature of the commitment and the request

    Forms: None - provide letter as described below

    Publication: None

    Number of Copies to Submit: Final filing - Original and 2 copies

    Miscellaneous Information: The Federal Reserve's processing of an application frequently involves obtaining commitments from the applicant company or a principal shareholder. If an applicant company or a principal shareholder seeks to revise the commitment or to be released from the commitment, a request letter should be submitted to the Reserve Bank including detailed support for why the revision or release is appropriate.

    Some commitments require that an applicant company or principal shareholder obtain Reserve Bank approval before taking specific action (such as before incurring debt). Requests for this type of approval also fall under the "commitment relief request" category. Companies that have an active commitment to not incur debt without the prior approval of the Reserve Bank should note that Trust Preferred Securities are considered "debt" for purposes of the commitment.

    The following information should be included with any commitment relief request by an applicant company to incur debt.

    • The specific reason(s) for borrowing;
    • A letter from the lender including the terms of the loan;
    • A minimum 3-year debt reduction schedule showing that the BHC can service the debt without financially straining its subsidiary bank(s). If the debt repayment source involves bank dividends, the schedule should show that the bank(s) will remain well-capitalized during the debt repayment period;
    • Supporting documentation outlining the detailed assumptions used in developing the pro foma financial statements;
    • A parent company cash flow statement (3-years);
    • At least one alternate repayment source;
    • A discussion of the applicant company's risk management policies and practices regarding asset/liability management; and
    • Results of any rate shock analysis performed, along with the detailed assumptions used in each of the rate scenarios (variable rate instruments only).

    If a company wishes to be released from a commitment to not incur debt, the request letter should include detailed information supporting approval of the request. At a minimum, the BHC and its subsidiary bank(s) should be in overall satisfactory financial condition, well-managed, well-capitalized, and have achieved profitability. The Reserve Bank typically will not release a BHC from a commitment to not incur debt until the BHC's subsidiary bank has been in operation for 5 years and is in overall satisfactory financial condition.

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    Memberships

    Guiding Regulation: Regulation H, Subpart A

    Forms:

    • FR2083 (Section I for de novo banks, Section II for currently operating banks, and Section III for newly formed, non-operating "shell" banks formed to facilitate the acquisition of an existing bank)
    • FR 2083A or B (depending on charter type)
    • FR 2083C
    • FR2081C (Interagency Biographical and Financial Reports) for all organizers, directors and principal shareholders if the applicant bank is a de novo institution. If the proposal involves a conversion of a currently operating bank, FR2081C is required for (i) new principal shareholders (ie., any shareholders who will own 10 percent or more on a pro forma basis and currently hold less than10 percent); and (ii) proposed new director(s) and senior executive officer(s) not currently serving with the applicant in similar management positions.

    Publication: None

    Number of Copies to Submit: Final filing - Original and 2 copies

    Miscellaneous Information:

    De Novo Banks:
    Before filing the application, the organizers should contact the Reserve Bank to schedule a pre-filing meeting. All of the organizers and the president or chief executive officer (if identified) must attend the pre-filing meeting. At this meeting, the organizers will present their plans and ideas for the bank, and representatives of the Reserve Bank will identify any potential problems and issues with the proposal.

    Currently Operating Banks: Before filing the application with the Reserve Bank, please contact Assistant Vice President Trey Wheeler at (404) 498-7152, Assistant Vice President Allen Stanley at (404) 498-7274, or Assistant Vice President Carolyn Healy at (305) 597-6820, so that we may determine if an examination of the bank will be required.

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    Financial Holding Company Declaration

    Guiding Regulation: Regulation Y, Subpart I

    Form: Specific languageOff-site link to use.

    Publication: None

    Number of Copies to Submit: Original and 2 copies

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    State Member Bank Merger, Consolidation, or Acquisition of Assets or Assumption of Liabilities of Another Bank or Savings Association

    Guiding Regulation: No Federal Reserve Regulation, see 12 USC 1828(c) , 1815(d)(2), or 1815(d)(3)

    Form:

    • FR 2070
    • FR2081C (Interagency Biographical and Financial Reports) for new directors and senior executive officers of the applicant bank

    Publication: newspaper

    Number of Copies to Submit: Final filing - Original and 2 copies

    Justice Department Waiting Period: The United States Justice Department requires a 30-day post approval waiting period for Bank Merger Act applications. In some cases, the Justice Department will shorten the waiting period to 15 days.

    Pre-Merger Examination: Before filing the application with the Reserve Bank, please contact Assistant Vice President Trey Wheeler at (404) 498-7152, Assistant Vice President Allen Stanley at (404) 498-7274, or Assistant Vice President Carolyn Healy at (305) 597-6820 so that we may determine if a pre-merger examination of the target bank will be required.

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    State Member Bank Premises Investments

    Guiding Regulation: Regulation H, Section 208.21

    Form: None - provide letter as described below

    Publication: None

    Number of Copies to Submit: Final filing - Original and 2 copies

    Provide the following information:

    1. The currently authorized limit for premises investments;
    2. The additional amount being requested above the bank's currently authorized limit;
    3. The purpose of the additional investment, e.g. renovation, construction of a new branch, purchase of land for future expansion, etc.;
    4. A current balance sheet of the bank that shows a detailed breakdown of fixed assets by account; i.e. the amounts in land, building, leasehold improvements, capitalized leases, and furniture and equipment;
    5. A description of how the additional investment will be funded;
    6. A copy of any new debt agreement if debt will be incurred or existing debt renegotiated in connection with the additional investment;
    7. A copy of any lease associated with the request;
    8. Fair market value comparisons of the property if a lease is involved; and
    9. A detailed, separate schedule for all existing premises-related indebtedness of the bank, including any loans made by the bank that relate to its own premises.

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    State Member Bank Branch Opening

    Guiding Regulation: Regulation H, Section 208.6

    Form: None - provide letter as described below

    Publication: Newspaper

    Number of Copies to Submit: Final filing - Original and 2 copies

    Automated teller machines are not considered branches and do not require prior approval.

    If certain criteria are met, a branch application may consist of a copy of the newspaper notice(s) and the affidavit(s) of publication. The application must be received by the Reserve Bank within seven days of publication. If the publisher's affidavit(s) is not available within that timeframe, it may be forwarded as soon as it becomes available. In this case, the final application would include the full newspaper page(s) that the notice appeared on including evidence of the date of publication and a statement that the affidavit of publication will be provided as soon as possible.

    In order to qualify for the simplified application process, the applicant bank must meet the following criteria:

    1. Be in satisfactory financial condition as evidenced by a CAMELS composite rating of 1 or 2;
    2. Be well-capitalized;
    3. Have a satisfactory record of performance under the Community Reinvestment Act;
    4. Have satisfactory compliance with laws and regulations;
    5. Be in compliance with any supervisory directives; and
    6. The proposal will not cause the bank's aggregate investment in fixed assets to exceed the limitations under Section 24A of the Federal Reserve Act.

    Banks that do not meet the criteria for this simplified procedure will be required to file a more detailed application to establish a branch. Since the Board of Governors discourages any type of expansion by banks in less than satisfactory condition, it is expected that such situations will be unusual. Please consult with the Reserve Bank for further guidance.

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    State Member Bank Branch Closing Information

    Guiding Regulation: Interagency Policy Statement on Branch ClosingsOff-site link.

    Form: None - provide letter as described below

    Publication: None

    Number of Copies to Submit: Original only; no extra copies are needed

    Under Section 228 of the Federal Deposit Insurance Corporation Improvement Act of 1991, depository institutions must give notice to the appropriate federal banking agency at least 90 days prior to closing a branch office. This notice must include:

    1. Identification of the branch to be closed;
    2. The proposed date of the closing;
    3. A detailed explanation of the reasons for the closing;
    4. Statistical or other information that supports the decision to close the branch consistent with the bank's written policy for branch closings;
    5. A copy of the notice sent to the branch customers advising them of the branch closing, dated at least 90 days prior to the date of the closing; and
    6. A statement that the branch intends to post a notice of the closing in a conspicuous manner on its premises for at least 30 days prior to the closing.

    Notes:

    • Insured institutions are mandated to adopt policies for closure of branches under Section 228.
    • Items 1–6 are NOT required for short-distance branch relocations. Please advise us by letter of the date of the relocation, and include the distance between the old and new locations. A short-distance relocation is defined as moving the premises of a branch or main office within a: (1) one thousand foot radius of the site if the branch is located within a principal city of an MSA; (2) one-mile radius of the site if the branch is not located within a principal city but is located within an MSA; or (3) two-mile radius of the site if the branch is not located within an MSA. See census.gov for MSA and principal city delineations.
    • Interstate banks should refer to the Interagency Policy Statement on Branch Closings for additional guidelines with respect to branches located in low- to moderate-income areas.

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    Foreign Bank Agency or Representative Office

    Guiding Regulation: Regulation K

    Forms:

    • FRK-2
    • FFR 2081C (Interagency Biographical and Financial Report): If applying for an agency or branch, provide the FR2081C for: (i) the top two decision makers of the applicant (financial data may be omitted); (ii) any individuals in the upstream chain of ownership who own or control, directly or indirectly, 10 percent or more of the voting shares of the foreign bank; and (iii) the proposed manager of the U.S. office. If applying for a representative officer, provide the FR2081C for: (i) the top decision maker of the applicant (financial data may be omitted); (ii) any individuals in the upstream chain of ownership who own or control, directly or indirectly, 10 percent or more of the voting shares of the foreign bank; and (iii) the proposed manager of the U.S. office.
    • Also include a copy of the application for charter of the agency or representative office filed with either the State Banking Authority or the Comptroller of the Currency.

    Publication: newspaper

    Number of Copies to Submit: Original and 2 copies

    Relevant documents from the Board of Governors:

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    Other International Applications

    Guiding Regulation: Regulation K

    Form: FRK-1

    Publication: Requirements vary depending on filing

    Number of Copies to Submit: Original and 2 copies

    Proposals to establish a foreign bank-owned Edge Corporation should include the following additional information:

    1. Peer group information—if available, please provide comparative statistics for major home country banks such as total assets, equity, earnings, and relevant ratios. Typically, this information might be prepared by an independent bank analyst.
    2. Lines of credit available from banks outside the home country advised, committed, utilized. Who knows you best in the U.S.?
    3. Approvals necessary from home country banking authorities and status.
    4. A statement as to the applying bank's ability to provide capital and other financial support to the Edge beyond initial capitalization.
    5. Summarize the ownership of the applying bank; identify affiliated organizations. Provide an organization chart showing principal relationships.
    6. To what degree is it anticipated that the Edge's risk assets will entail home country risk?
    7. Summarize home country exchange controls.
    8. Describe home country bank supervision. Are on-site examinations performed? Summarize prudential limitations.
    9. To what extent are U.S. banks permitted entry into the home country?

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  • Filing an Application

    Advance Name Checks: For filings that require FR2081C (Interagency Biographical and Financial Report), these forms may be submitted in advance in order to expedite processing.

    Antitrust Considerations in Banking ProposalsOff-site link | Antitrust Division Guidelines and Policy Statements from the Department of JusticeOff-site link

    Banking Market Definitions, Sixth District: Alabama | Florida | Georgia | Louisiana | Mississippi | Tennessee

    Electronic Filings: E-Apps is a web-based application that will allow banking organizations supervised by the Federal Reserve System to submit applications online, either directly or through their authorized representatives. For filings that are submitted via E-Apps, a hard-copy submission is not required. Instructions for accessing E-Apps can be found on the Board of Governors' websiteOff-site link.

    Fee: The Federal Reserve does not charge a fee to process applications.

    Filings Types (Forms to Use, Guiding Regulation, Publication Information, Number of Copies to Submit)

    FormsOff-site link

    Publication Guide

    RegulationsOff-site link | Regulation QOff-site link

    SR LettersOff-site link

    Well-Capitalized, Definition of: Certain application procedures require that the applicant and/or its subsidiaries be well-capitalized. As of January 1, 2015, the statutory requirements under Section 131 of FDICIA for a well-capitalized institution are:

    1. Minimum common equity tier 1 capital ratio of 6.5 percent,
    2. Minimum total risk-based capital ratio of 10 percent,
    3. Minimum tier 1 risk-based capital ratio of 8 percent,
    4. Minimum tier 1 leverage ratio of 5 percent, and
    5. Must be under no capital directive.

    See Regulation QOff-site link for additional details.

  • Publication Guide

    ​​ Revised October 31, 2018

    The Federal Reserve System requires that notice of certain types of applications be published in either the newspapers of the affected communities, the Federal Register, or both. The Board's procedures require that action may not be taken on an application until the third business day following the expiration of the latest public comment period. Therefore, accurate publication is critical in order to avoid processing delays. Procedures for newspaper and Federal Register publication are listed below. In addition, the following reference table provides specific publication requirements for specific application types.


    Publishing in the Federal Register
    Publication in the Federal Register is handled by the Reserve Bank upon receipt of an application, or it may be requested in advance of filing. A request for advance Federal Register publication is recommended in order to avoid unnecessary processing delays. Such a request should be made in writing and should include the following information:

    1. Section 3 Bank Holding Company Act and Section 10 Home Owners' Loan Act Applications
      • Applicant's name, city and state
      • Target bank or bank holding company's name, city and state
      • Percentage of voting stock to be acquired
      • Specific application type to be filed [3(a)(1), 3(a)(3), 3(a)(5), or 10(e)]
      • Statement of whether a related Section 4 application will be filed
    2. Section 4 Applications
      • Applicant's name, city and state
      • Statement indicating whether the activity will be conducted de novo or through acquisition of voting securities or assets of a going concern
      • Name, city, and state of company to perform the nonbank activities
      • Specific nonbank activities to be engaged in, including cite to Regulation Y or Board Order
      • Geographic scope of activity to be conducted
      • Statement of whether a related Section 3 application will be filed
    3. Federal Register publication requests should be addressed to:
      Kathryn Haney
      Assistant Vice President
      Federal Reserve Bank of Atlanta
      Department of Supervision and Regulation
      1000 Peachtree Street N.E.
      Atlanta, Georgia 30309-4470
      FAX (404) 498-7302

    In submitting a request for advance publication, please note that publication in the Federal Register will not occur immediately upon receipt by the Reserve Bank. Upon receipt of an applicant's request for publication, the Reserve Bank sends the relevant information to the Board of Governors' Legal Division. However, the actual publication in the Federal Register may not occur for up to one week following receipt.


    Publishing in a Newspaper
    Publication in the newspaper is handled by the applicant. Publication should be made in the classified advertising legal notices section of the newspaper(s) of general circulation in the appropriate community or communities. A newspaper of general circulation has been defined as the newspaper of largest circulation in the community. The final application should include an original publisher's affidavit for each newspaper publication. If a publisher's affidavit is not available when the final application is submitted, the applicant should provide the newspaper page containing the notice including evidence of the date of publication. The publisher's affidavit should be forwarded to the Reserve Bank as soon as it becomes available.

    1. Note for change in control notifications: If an acquiring party is a partnership, the notice should include the name and location of the partnership and each of its general partners. If an acquiring party is a trust, the notice should include the name and location of the trust and each of its trustees.
    2. Sample newspaper noticesOff-site link for various domestic application types.
    3. Sample newspaper notices for international application types. Please select the appropriate phrasing as shown in parenthesis.
      Newspaper publication format for an application by a foreign banking entity to establish a branch, agency, commercial lending company, or representative office:

      (Note: For applications to establish federal branches or agencies, compliance with the publication procedures of the Comptroller of the Currency shall satisfy the Federal Reserve's publication requirement. Comments regarding the application should be sent to the Federal Reserve and to the Comptroller.)

      Notice of Application to Establish
      (a branch)(an agency)(a commercial lending company)(a representative office)
      Notification is hereby given by (name of applicant, city, and country), that an application has been filed with the Federal Reserve Board to establish (a branch)(an agency)(a commercial lending company)(a representative office) at (address), pursuant to the International Banking Act of 1978.
      Interested parties may submit written comments on the application to Kathryn Haney, Assistant Vice President, Federal Reserve Bank of Atlanta, 1000 Peachtree Street N.E., Atlanta, Georgia 30309-4470. The thirty-day comment period will not end before (insert specific date 30 days from the date of publication). If you need more information on how to submit your comments on the application, contact Kathryn Haney at (404) 498-7298.



      Newspaper publication format for an application by an Edge Act corporation to establish a domestic branch:

      Notice of Application by an Edge Act Corporation to Establish a Domestic Branch
      Notification is hereby given by (name, city and country of applicant), a corporation organized under Section 25a of the Federal Reserve Act (12 USC Section 611, et seq. The Edge Act) to engage in international or foreign operations, that it has applied to the Board of Governors of the Federal Reserve System pursuant to Section 211.4 of the Board's Regulation K (12 CFR 211.4) to establish a branch to be located at (address). Applicant is a wholly-owned subsidiary of (name, city, and state of parent company), a company organized under the laws of the State of _____.
      The public is invited to submit written comments on this application to the Federal Reserve Bank of Atlanta, 1000 Peachtree Street N.E., Atlanta, Georgia 30309-4470. The comment period on this application will not end before (insert specific date 30 days from the date of publication). Please call Kathryn Haney (404) 498-7298 at the Federal Reserve Bank of Atlanta if you require additional information concerning submission of comments. The Board of Governors of the Federal Reserve System will consider comments if they are received by the Federal Reserve Bank of Atlanta during the above referenced comment period.

    Publishing Processes Specific to the Federal Reserve Bank of Atlanta

    APPLICATION TYPE PUBLICATION REQUIRED COMMENT PERIOD PUBLICATION TIMING
    Branch opening Newspaper only - community or communities in which the head office of the bank and the proposed branch are located 15 days No more than 7 days before and no later than the calendar day on which the application is filed
    18(c) and Oakar - Bank merger, consolidation, or acquisition of assets or assumption of liabilities Newspaper only - community or communities in which the head office of each of the banks that are parties to the transaction are located 30 days Notice must be published at least 3 times. The first and second publications should occur on the same day of the week for 2 consecutive weeks. The third publication may occur on any day of the week and must occur no later than the last day of the comment period. The application must be submitted no later than 7 calendar days after the first publication.
    3(a)(1) Reigle Notice – BHC formation through qualifying reorganization No publication N/A N/A
    3(a)(1) - non-Reigle BHC formation Federal Register and Newspaper in community or communities in which the Applicant and bank(s) to be acquired are located 30 days No more than 15 days before and no later than 7 days after filing
    3(a)(3) - BHC banking acquisition Federal Register and Newspaper in community or communities where the Applicant's largest bank subsidiary and each of the banks to be acquired are located 30 days No more than 15 days before and no later than 7 days after filing
    3(a)(5) - BHC merger Federal Register and Newspaper in community or communities where the Applicant's largest bank subsidiary and each of the banks to be acquired are located 30 days No more than 15 days before and no later than 7 days after filing
    Change-in-control

    Federal Register and Newspaper in:

    (i) for state member bank – community in which the head office of the bank is located, or

    (ii) for BHC/SLHC – community where the BHC/SLHC head office is located and the community in which the head office of each of the subsidiary banks/savings associations is located.

    15 days-Federal Register

    20 days-Newspaper

    Federal Register-Upon receipt of filing

    Newspaper-No more than 15 days before and no later than 10 days after filing

    4(c)(8) - BHC nonbanking acquisition of an insured depository institution (ex., thrift) Federal Register and Newspaper in community or communities where the Applicant, its largest bank subsidiary and the institution to be acquired are located. 30 days

    Federal Register- no more than 15 days before filing

    Newspaper - No more than 15 days before and no later than 7 days after filing

    4(c)(8) - BHC nonbanking proposal involving listed or Board Order activity (other than insured depository institution)

    Expedited Procedure - No publication

    Non-expedited procedure - Federal Register only

    15 days

    No more than 15 days before filing
    4(c)(8) - BHC nonbanking proposal involving new (not yet approved) activity Federal Register only 30 days Within 10 days of receipt of application unless extended by the Board
    Membership No publication N/A N/A
    Foreign Bank branch, agency or representative office Newspaper only – community where the office will be located 30 days On the date of filing
    Edge formation Federal Register only 30 days Upon receipt of filing
    Edge branch Newspaper only - community to be served by the branch 30 days No more than 90 days before filing
    SLHC formation Federal Register and Newspaper in community or communities in which the Applicant and savings association(s) to acquired are located 30 days No more than 15 days before and no later than 7 days after filing
    SLHC merger/acquisition/expansion Federal Register and Newspaper in community or communities where the Applicant's largest savings association subsidiary and each of the savings associations to be acquired are located. 30 days No more than 15 days before and no later than 7 days after filing
    SLHC Reorganization Exemption Request No publication N/A N/A
  • Public Information

    Code of Federal Regulations (CFR)Off-site link
    Federal RegisterOff-site link
    H.2 ReportOff-site link Weekly report of (1) Actions by the Board, its Staff, and the Federal Reserve Banks and (2) Applications and Reports Received by the Federal Reserve
    H.2A ReportOff-site link Weekly report of bank holding company applications and change in control notifications received by the Federal Reserve
    Index of Actions TakenOff-site link
    Search Facility for Actions Taken by the Federal ReserveOff-site link


    Requests for Public Information: A copy of the public portion of an application may be requested in writing from the Reserve Bank. The Reserve Bank charges a copying fee of $0.10 per page for applications that are more than 100 pages. Also, the following information can be given by the Reserve Bank over the phone:
    Date of Application receipt
    Date of Acceptance
    Date of Approval after the Applicant has been notified

    All other information not contained in the public portion of the application must be requested in writing from the Board of Governors Freedom of Information OfficeOff-site link.


    Submitting a Comment on an Application: If you wish to comment on an application, your comments must be received by the Federal Reserve on or before the last day of the latest comment period as specified in the newspaper and/or Federal Register. If you cannot submit your comments by the end of the comment period, you may request an extension by contacting the Secretary of the Federal Reserve Board, Washington, D.C. 20551. Your request for an extension must be received no later than the last date of the comment period and should explain why you are unable to submit your comments on time. You may find additional information on how to request additional time in the Code of Federal Regulations (CFR) at 12 CFR 262.25(B) (as revised, Press Release, January 31, 1984, 49 Federal Register 5603 [February 14, 1984]).


    Requesting a Public Meeting Regarding an Application: For information on the Board's policy concerning the holding of public meetings, please see the Board's Policy Statement for Handling Protested Applications, 12 CFR 262.26(C) and (D)(1984). The procedure for requesting a hearing can be found in the Code of Federal Regulations (CFR) at 12 CFR 262.3(E). You may wish to consult A Citizens Guide to CRA, published by the Federal Financial Institutions Examination Council (FFIEC).

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