Formations of, Acquisitions by, and Mergers of Bank Holding Companies

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 applications 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 July 10, 2009.

A. Federal Reserve Bank of Boston

(Richard Walker, Community Affairs Officer) P.O. Box 55882, Boston, Massachusetts 02106-2204:

1. NewStar Holdco

, Boston, Massachusetts; to become a bank holding company by acquiring 100 percent of the voting shares of Southern Commerce Bank, National Association, Tampa, Florida.

In connection with this application, Applicant also has applied to acquire NewStar Financial, Inc., NewStar Asset Management, LLC, and NewStar Credit Opportunities Fund, all of Boston, Massachusetts, and engage in commercial finance activities, and in providing asset management services, pursuant to sections 225.28(b)(1), (b)(2), and (b)(7) of Regulation Y.

B. Federal Reserve Bank of Richmond

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

1. Army and Air Force Mutual Aid Association

, Ft. Myer, Virginia, and Armed Forces Bank Holding Company, Reston, Virginia; to become bank holding companies by acquiring 100 percent of the voting shares of Armed Forces Bank, National Association, Fort Leavenworth, Kansas, and Armed Forces Bank of California, National Association, San Diego, California.

In addition, Applicants also have applied to engage in extending credit and servicing loans activities, pursuant to section 225.28(b)(1) of Regulation Y.

Board of Governors of the Federal Reserve System, June 11, 2009.

Robert deV. Frierson,

Deputy Secretary of the Board.

[FR Doc. E9-14130 Filed 6-15-09; 8:45 am]

BILLING CODE 6210-01-S