47206 Federal Register / Vol. 82, No. 195 / Wednesday, October 11, 2017 / Notices 

1See ‘‘Proposed Guidance on Supervisory 

Expectation for Boards of Directors,’’ 82 FR 37219 

(August 9, 2017). 

Philadelphia, Pennsylvania 19105– 

1521. Comments can also be sent 

electronically to 

Comments.applications@phil.frb.org: 

1. Stephen M. Holden, Merchantville, 

New Jersey; as co-Voting Trustee of the 

J. Mark Baiada Voting Trust, Toms 

River, New Jersey, to join J. Mark 

Baiada, Moorestown, New Jersey; Ann 

Baiada, Moorestown, New Jersey; the 

1994 Baiada Family Trust, Evergreen, 

Colorado; Michael Baiada, Evergreen, 

Colorado, as trustee of the 1994 Baiada 

Family Trust; L. Mathew and Janet 

Baiada, Moorestown, New Jersey; Paul 

Melan Baiada, Moorestown, New Jersey; 

the Paul Melan Baiada 1999 Family 

Trust, Moorestown, New Jersey; Diane 

Baiada, Moorestown, New Jersey, as 

trustee of the Paul Melan Baiada 1999 

Family Trust; the Baiada Trust for the 

Benefit of Caitlin Baiada, Moorestown, 

New Jersey; Diane Baiada and Michael 

Baiada, as trustees of the Baiada Trust 

for the Benefit of Caitlin Baiada; the 

Baiada Trust for the Benefit of Emma 

Baiada, Moorestown, New Jersey; Diane 

Baiada and Michael Baiada, as trustees 

of the Baiada Trust for the Benefit of 

Emma Baiada; and OceanFirst Bank, 

Toms River, New Jersey as the co-Voting 

Trustee of the J. Mark Baiada Voting 

Trust, Toms River, New Jersey, as part 

of a group acting in concert to retain 

voting shares and thereby retain shares 

of Cornerstone Financial Corporation, 

Mount Laurel, New Jersey, and thereby 

retain shares of Cornerstone Bank, 

Mount Laurel, New Jersey. 

Board of Governors of the Federal Reserve 

System, October 5, 2017. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2017–21949 Filed 10–10–17; 8:45 am] 

BILLING CODE P 

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 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 will also 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. 

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 November 6, 

2017. 

A. Federal Reserve Bank of Cleveland 

(Nadine Wallman, Vice President) 1455 

East Sixth Street, Cleveland, Ohio 

44101–2566. Comments can also be sent 

electronically to 

Comments.applications@clev.frb.org: 

1. First Financial Bancorp, Cincinnati, 

Ohio; to merge with MainSource 

Financial Group, Inc., and thereby 

indirectly acquire MainSource Bank, 

both of Greensburg, Indiana. 

B. Federal Reserve Bank of Kansas 

City (Dennis Denney, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. BancFirst Corporation, Oklahoma 

City, Oklahoma; to merge with First 

Wagoner Corporation, and thereby 

indirectly acquire shares of First Bank 

and Trust Company, both of Wagoner, 

Oklahoma. 

2. BancFirst Corporation, Oklahoma 

City, Oklahoma; to merge with First 

Chandler Corp., and thereby indirectly 

acquire shares of First Bank of Chandler, 

both of Chandler, Oklahoma. 

Board of Governors of the Federal Reserve 

System, October 4, 2017. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2017–21791 Filed 10–10–17; 8:45 am] 

BILLING CODE P 

FEDERAL RESERVE SYSTEM 

[Docket No. OP–1570] 

Proposed Guidance on Supervisory 

Expectations for Boards of Directors 

AGENCY: Board of Governors of the 

Federal Reserve System (Board). 

ACTION: Notice; extension of comment 

period. 

SUMMARY: On August 9, 2017, the Board 

published in the Federal Register 

proposed guidance on supervisory 

expectations for boards of directors. To 

facilitate effective public comment on 

the proposed guidance, the Board has 

determined that an extension of the 

comment period until November 30, 

2017, is appropriate. This action will 

allow interested persons additional time 

to analyze the proposal and prepare 

their comments. 

DATES: Comments on the proposal must 

be received on or before November 30, 

2017. 

ADDRESSES: You may submit comments 

by any of the methods identified in the 

proposal.1 Please submit your 

comments using only one method. 

FOR FURTHER INFORMATION CONTACT: 

Michael Hsu, Associate Director, (202) 

912–4330, Michael Solomon, Associate 

Director, (202) 452–3502, Richard 

Naylor, Associate Director, (202) 728– 

5854, Division of Supervision and 

Regulation; Ben McDonough, Assistant 

General Counsel, (202) 452–2036, Scott 

Tkacz, Senior Counsel, (202) 452–2744, 

Keisha Patrick, Senior Counsel, (202) 

452–3559, or Chris Callanan, Senior 

Attorney, (202) 452–3594, Legal 

Division, Board of Governors of the 

Federal Reserve System, 20th and C 

Streets NW., Washington, DC 20551. For 

the hearing impaired only, 

Telecommunications Device for the Deaf 

(TDD) users may contact (202) 263– 

4869. 

SUPPLEMENTARY INFORMATION: On August 

9, 2017, the Board published in the 

Federal Register proposed guidance on 

supervisory expectations for boards of 

directors of firms supervised by the 

Federal Reserve. The proposal addresses 

supervisory expectations for the boards 

of directors of bank holding companies, 

savings and loan holding companies, 

state member banks, U.S. branches and 

agencies of foreign banking 

organizations, and systemically 

important nonbank financial companies 

designated by the Financial Stability 

Oversight Council for supervision by the 

Federal Reserve. For the largest 

domestic bank and savings and loan 

holding companies and systemically 

important nonbank financial companies, 

the proposal would establish attributes 

of effective boards centered on the 

board’s core responsibilities, which 

support safety and soundness, and 

would provide the framework with 

which the Federal Reserve would 

evaluate the effectiveness of a firm’s 

boards of directors. For all domestic 

bank and savings and loan holding 


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