[Federal Register Volume 59, Number 6 (Monday, January 10, 1994)]
[Notices]
[Pages 1401-1402]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-469]
[[Page Unknown]]
[Federal Register: January 10, 1994]
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FEDERAL RESERVE SYSTEM
Triangle Bancorp, Inc., et al.; Formations of; Acquisitions by;
and Mergers of Bank Holding Companies
The companies listed in this notice have applied for the Board's
approval under section 3 of the Bank Holding Company Act (12 U.S.C.
1842) and Sec. 225.14 of the Board's Regulation Y (12 CFR 225.14) to
become a bank holding company or to acquire a bank or bank holding
company. The factors that are considered in acting on the applications
are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)).
Each application is available for immediate inspection at the
Federal Reserve Bank indicated. Once the application has been accepted
for processing, it will also be available for inspection at the offices
of the Board of Governors. Interested persons may express their views
in writing to the Reserve Bank or to the offices of the Board of
Governors. Any comment on an application that requests a hearing must
include a statement of why a written presentation would not suffice in
lieu of a hearing, identifying specifically any questions of fact that
are in dispute and summarizing the evidence that would be presented at
a hearing.
Unless otherwise noted, comments regarding each of these
applications must be received not later than January 31, 1994.
A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
1. Triangle Bancorp, Inc., Raleigh, North Carolina; to acquire 100
percent of the voting shares of Roanoke Valley Savings Bank, Inc., SSB,
formerly known as Roanoke Valley Savings Bank, SSB, Roanoke Rapids,
North Carolina.
B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Bank Corporation of Georgia, Macon, Georgia; to acquire 49.7
percent of the voting shares of AmeriCorp, Inc., Savannah, Georgia, and
thereby indirectly acquire Ameribank, N.A., Savannah, Georgia.
2. 1st United Bancorp, Boca Raton, Florida; to acquire 99.72
percent of the voting shares of Suburban Bank, Lake Worth, Florida.
C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Community Grain Company, Coon Rapids, Iowa; to acquire 100
percent of the voting shares of Farmers National Bank, Bayard, Iowa.
D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. First Banks, Inc., St. Louis, Missouri; to acquire 100 percent
of the voting shares of Heritage National Bank, St. Louis, Missouri.
2. Independent Southern Bancshares, Inc. Employee Stock Ownership
Plan and Trust, Brownsville, Tennessee; to become a bank holding
company by acquiring at least 25 percent of the voting shares of
Independent Southern Bancshares, Inc., Brownsville, Tennessee, and
thereby indirectly acquire Brownsville Bank, Brownsville, Tennessee;
Union Savings Bank, Covington, Tennessee; and Tennessee Bank and Trust,
Millington, Tennessee.
E. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. Avon State Bank Employee Stock Ownership Plan and Trust, Avon,
Minnesota; to become a bank holding company by acquiring an additional
15.31 percent of the voting shares of Avon Bancshares, Inc., Avon,
Minnesota, for a total of 30.58 percent, and thereby indirectly acquire
Avon State Bank, Avon, Minnesota.
F. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Bancrecer, S.A., Mexico City, Mexico; to become a bank holding
company by acquiring 100 percent of the voting shares of United Bank &
Trust, N.A., Dallas, Texas.
2. Extraco Bankshares, Inc., Waco, Texas; to acquire 94.97 percent
of the voting shares of Guaranty Bank and Trust Company, Gatesville,
Texas.
3. Grupo Financiero Bancrecer, S.A., De C.V., Mexico City, Mexico;
to become a bank holding company by acquiring 100 percent of the voting
shares of United Bank & Trust, N.A., Dallas, Texas.
G. Federal Reserve Bank of San Francisco (Kenneth R. Binning,
Director, Bank Holding Company) 101 Market Street, San Francisco,
California 94105:
1. Grupo Financiero Bancomer, S.A., Mexico, D.F., Mexico; to become
a bank holding company by acquiring 100 percent of the voting shares of
Bancomer, S.A., Mexico City, Mexico; Bancomer Holding Company
(Antilles) N.V., Curacao, Netherlands Antilles; Bancomer Holding
Company (Netherlands) B.V., Rotterdam, Netherlands; Bancomer Holding
Company, Los Angeles, California; and Grossmont Bank, La Mesa,
California.
Board of Governors of the Federal Reserve System, January 3,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-469 Filed 1-7-94; 8:45 am]
BILLING CODE 6210-01-F