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 1, 2007.
A. Federal Reserve Bank of New York (Anne MacEwen, Bank Applications Officer) 33 Liberty Street, New York, New York 10045-0001:
1. M&T Bank Corporation, Buffalo, New York (“M&T”); to acquire 100 percent of the voting shares of, and merge with, Partners Trust Financial Group (“Partners Trust”), and thereby indirectly acquire Partners Trust Municipal Bank, both of Utica, New York.
In connection with this application, M&T also has applied to acquire Partners Trust Bank; Partners NEWPRO, Inc.; Partners Preferred Capital Corporation; Partners Trust Investment Services, Inc.; BSB Mortgage Corporation; BSB Financial Services, Inc.; Groupinsure Brokerage Holding, Inc.; and SBU Mortgage Corporation, all of Utica, New York, and thereby engage in operating a federal savings bank, pursuant to section 225.28(b)(4)(ii); in extending credit and servicing loans, pursuant to section 225.28(b)(1); in asset management, servicing, and collection activities, pursuant to section 225.28(b)(2)(vi); and in securities brokerage activities, pursuant to section 225.28(b)(7)(i), all of Regulation Y.Start Signature
Board of Governors of the Federal Reserve System, August 31, 2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7-17579 Filed 9-5-07; 8:45 am]
BILLING CODE 6210-01-S