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FDIC Federal Register Citations

[Federal Register: July 8, 2004 (Volume 69, Number 130)]
[Page 41265]
From the Federal Register Online via GPO Access []



Exchange Delisting: Bank of Guam

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comments.


SUMMARY: The Federal Deposit Insurance Corporation (FDIC) is publishing
for notice and comment that the Bank of Guam, an FDIC Insured state
non-member bank, has filed an application with the FDIC to withdraw its
common stock from listing and registration on the Pacific Exchange.

DATES: Written comments must be received no later than August 9, 2004.

ADDRESSES: You may submit comments by any of the following methods: E-mail:
Include ``Exchange Delisting:
Bank of Guam'' in the subject line of the message.
Mail: Dennis Chapman, Senior Staff Accountant, the Federal
Deposit Insurance Corporation, 550 17th Street, NW, Washington, DC
Hand Delivery: Comments may be hand delivered to the guard
station at the rear of the 550 17th Street Building (located on F
Street) on business days between 7 a.m. and 5 p.m.
Public Inspection: You may inspect comments at the FDIC Public
Information Center, Room 100, 801 17th Street, NW, between 9 a.m. and
4:30 p.m. on business days. Information about this notice, including
copies of the collected comments, may be obtained by calling or writing
the FDIC contact listed above.

SUPPLEMENTARY INFORMATION: Bank of Guam, an FDIC Insured state non-
member bank, has filed an application with the FDIC, pursuant to
Section 12(i) and (d) of the Securities Exchange Act of 1934 (``Act'')
\1\ and Rule 12d2-2(d) thereunder (as authorized by 12 CFR 335.101 and
12 CFR 335.231),\2\ to withdraw its common stock, $ .208 par value
(``Security''), from listing and registration on the Pacific Exchange
also called the Archipelago Exchange (``Exchange'') operated by PCX
Equities, Inc.

\1\ 15 U.S.C. 78l (i) and (d).
\2\ 12 CFR 335.101, 12 CFR 335.231 and 17 CFR 240.12d2-2(d).

On March 22, 2004, the Board of Directors (``Board'') of the Issuer
approved a resolution to withdraw the Issuer's Security from listing on
the Exchange. The Board states that the reasons for such action
include: (i) The number of stockholders of record in the Issuer's
Security; (ii) the limited extent of trading in the Issuer's Security;
and (iii) the material costs of the listing.
The Issuer stated in its application that it has met the
requirements of Exchange Rules concerning an issuer's voluntary
withdrawal of a security from listing and registration. The Exchange
approved the delisting April 22, 2004 and notified the bank of the
approval by letter dated April 23, 2004.
The Issuer's application relates solely to the withdrawal of the
Security from listing on the Exchange and from registration under
Section 12(b) of the Act \3\ and shall not affect its obligation to be
registered under Section 12(g) of the Act.\4\

\3\ 15 U.S.C. 78l (b).
\4\ 15 U.S.C. 78l (g).

The FDIC is accepting comments on the Exchange Delisting of the
Bank of Guam, and specifically on the facts bearing upon whether the
application has been made in accordance with the rules of the Exchange
and what terms, if any, should be imposed by the FDIC for the
protection of investors. The FDIC, based on the information submitted
to it, will issue an order granting the application after the date
mentioned above, unless the FDIC determines to order a hearing on the

Dated at Washington, DC, this 1st day of July, 2004.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 04-15469 Filed 7-7-04; 8:45 am]


Last Updated 07/08/2004

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