[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