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NOTICE OF FILING OF APPLICATION FOR ACQUISITION OF A SAVINGS ASSOCIATION

NOTICE OF FILING OF

APPLICATION

FOR ACQUISITION OF A SAVINGS ASSOCIATION

 

First Mutual Holding Co. (ãFMHCã), located at 14806 Detroit Avenue, Lakewood, Ohio 44107, intends to apply to the Federal Reserve Board for permission to acquire a savings association. FMHC intends to acquire Doolin Security Savings Bank, FSB (ãDoolinã), a federal mutual savings bank located at 610 North State Route 2, New Martinsville, West Virginia 26155. The Federal Reserve considers a number of factors in deciding whether to approve the application/notice, including the record of performance of banks owned by FMHC in helping to meet local credit needs.

The proposal includes two separate merger transactions. FMHC would form a new wholly owned subsidiary, First Mutual Bank, a federal interim stock savings bank, which would be located at 605 Washington Boulevard, Belpre, Ohio 45714. Doolin would then merge with and into First Mutual Bank, with First Mutual Bank surviving. Immediately thereafter, Belpre Savings Bank, an Ohio stock savings bank located at 605 Washington Boulevard, Belpre, Ohio 45714, and also a wholly owned subsidiary of FMHC, would merge with and into First Mutual Bank, with First Mutual Bank surviving.

You are invited to submit comments in writing on this Application to Allen Brown at the Federal Reserve Bank of Cleveland, 1455 East Sixth Street, Cleveland, Ohio 44114 or via email: comments. [email protected]. The comment period will not end before October 23, 2017 and may be somewhat longer. The Federal Reserve Board’s procedures for processing applications may be found at 12 C.F.R. Part 262. Procedures for processing protested applications may be found at 12 C.F.R. 262.25. To obtain a copy of the Federal Reserve Board’s procedures, or if you need more information about how to submit your comments on the Application, contact Allen Brown, Banking Supervisor, at (216) 579-3091. The Federal Reserve Bank of Cleveland will consider your comments and any request for a public meeting or formal hearing on the Application if they are received in writing by the Federal Reserve Bank of Cleveland on or before the last day of the comment period.

 

 

Sep 21