[Federal Register Volume 59, Number 19 (Friday, January 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1939]


[Federal Register: January 28, 1994]


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FEDERAL RESERVE SYSTEM

First Union Corporation, 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 February 22, 1994.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. First Union Corporation, Charlotte, North Carolina; to acquire 
100 percent of the voting shares of First Union Home Equity Bank, 
National Association, Charlotte, North Carolina, a de novo bank.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Central Illinois Bancorp, Inc., Sidney, Illinois; to acquire 100 
percent of the voting shares of Hillside Investors, Ltd., Hillside, 
Illinois, and thereby indirectly acquire Bank of Hillside, Hillside, 
Ilinois.
    2. Cleveland Development Bancorporation, Chicago, Illinois; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Potters Bank & Trust Company, East Liverpool, Ohio.
    3. The Shorebank Corporation, Chicago, Illinois; to acquire 100 
percent of the voting shares of Potters Bank & Trust Company, East 
Liverpool, Ohio.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. CNB Bancshares, Inc., Evansville, Indiana; to acquire, through 
its subsidiary, First Federal Savings Bank of Kentucky, Madisonville, 
Kentucky, the assets and liabilities of CNB Bank of Kentucky, Shively, 
Kentucky.
    D. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Vergas Bancorporation, Inc., Vergas, Minnesota, to become a bank 
holding company by acquiring 80 percent of the voting shares of Vergas 
State Bank, Vergas, Minnesota.
    E. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Citizens State Bancshares, Inc., Wichita, Kansas; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Citizens State Bank of Cheney, Cheney, Kansas.

    Board of Governors of the Federal Reserve System, January 24, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-1939 Filed 1-27-94; 8:45 am]
BILLING CODE 6210-01-F