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FIRST NAT. BANCSHARES CORP. II v. BD. OF GOVERNORS

No. 85-3702.

804 F.2d 54 (1986)

FIRST NATIONAL BANCSHARES CORPORATION II, a corporation, Petitioner, v. The BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Sixth Circuit.

Decided October 28, 1986.

Attorney(s) appearing for the Case

Martin H. Aussenberg, Stanley M. Huggins, argued, P. Thomas Parrish, Borod & Huggins, Memphis, Tenn., for petitioner.

Richard M. Ashton, Washington, D.C., Kevin Handly, Legal Div., Federal Reserve Bd., Washington, D.C., Richard M. Ashton, Conrad Bahlke, Jennifer Johnson, James E. Scott, argued, for respondent.

Before MILBURN and BOGGS, Circuit Judges, and HARVEY, Senior District Judge.

PER CURIAM.

The Board of Governors of the Federal Reserve System (Board) denied petitioner's application to become a second-tier "one bank" bank holding company. The petitioner now appeals the Board's decision.

First National Bancshares Corporation (Company) is a Tennessee corporation that is registered as a bank holding company under the Bank Holding Company Act of 1956 (BHC Act) as amended, 12 U.S.C. § 1841 et seq. (1978). It owns 100% of the...

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