Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities

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Federal RegisterMar 5, 2012
77 Fed. Reg. 13127 (Mar. 5, 2012)

The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States.

Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act.

Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than March 19, 2012.

A. Federal Reserve Bank of Philadelphia (William Lang, Senior Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-1521:

1. Bryn Mawr Bank Corporation, Bryn Mawr, Pennsylvania, to acquire Davidson Trust Company, Devon, Pennsylvania and thereby engage in trust company activities, pursuant to section 225.28(b)(5); providing financial and investment advice, pursuant to section 225.28(b)(7); and providing agency transactional services for customers, pursuant to section 225.28(b)(6).

Board of Governors of the Federal Reserve System, February 28, 2012.

Robert deV. Frierson,

Deputy Secretary of the Board.

[FR Doc. 2012-5210 Filed 3-2-12; 8:45 am]

BILLING CODE 6210-01-P