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Board of Governors of the Federal Reserve System
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Board of Governors of the Federal Reserve System

Legal Interpretations

Bank Holding Companies/Savings and Loan Holding Companies/Change in Control

2017 Letters

February 21, 2017 (PDF)
General Counsel opinion letter to Mr. Mark A. Wiebe, opining that no regulatory purpose would be served by requiring a filing under section 3 of the Bank Holding Company Act, as amended, for River Valley Bancorporation, Inc. to acquire Integrity First Bank, both of Wausau, Wisconsin.
February 15, 2017 (PDF)
To Kathleen M. Kearney, granting a request by John Deere Financial, f.s.b. (Thrift), Madison, Wisconsin, for an exception from the anti-tying prohibitions of section 5(q) of the Home Owners' Loan Act of 1933, as amended (12 U.S.C. § 1464(q)). The exception permits Thrift to continue to offer promotional financing terms through its credit card plans to consumers who purchase products manufactured by Thrift’s affiliates.
February 8, 2017 (PDF)
General Counsel opinion letter to Stanley V. Ragalevsky, Esq., opining that no regulatory purpose would be served by requiring a filing under section 4 of the Bank Holding Company Act, as amended, for Salem Five Bancorp, Salem, Massachusetts, to acquire Georgetown Bancorp, Inc. and thereby indirectly acquire Georgetown Bank, both of Georgetown, Massachusetts.
January 26, 2017 (PDF)
General Counsel opinion letter to Lowell W. Harrison, Esq., opining that no regulatory purpose would be served by requiring a filing under section 3 of the Bank Holding Company Act, as amended, for AIM Bancshares, Inc., Levelland, Texas, to acquire High Plains Bancshares, Inc. and thereby indirectly acquire Muleshoe State Bank, both of Muleshoe, Texas.
January 25, 2017 (PDF)
Letter to Mark Chorazak, Esq., granting a request by Castle Creek Capital LLC, Rancho Santa Fe, California, for a general exemption pursuant to the Depository Institution Management Interlocks Act and the Board's Regulation L to allow Mr. John M. Eggemeyer to become a management official of The Bancorp, Inc., Wilmington, Delaware, while also serving as a management official of PacWest Bancorp, Beverly Hills, California, and Guaranty Bancorp, Denver, Colorado.

Last update: February 24, 2017