[Federal Register Volume 59, Number 46 (Wednesday, March 9, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-5392]


[[Page Unknown]]

[Federal Register: March 9, 1994]


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FEDERAL RESERVE SYSTEM
 

Fleet Financial Group, 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 April 1, 1994.
    A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President) 
600 Atlantic Avenue, Boston, Massachusetts 02106:
    1. Fleet Financial Group, Inc., Providence, Rhode Island; to merge 
with Sterling Bancshares Corporation, Waltham, Massachusetts, and 
thereby indirectly acquire Sterling Bank, Waltham, Massachusetts.
    B. Federal Reserve Bank of Philadelphia (Thomas K. Desch, Vice 
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
    1. Corestates Financial Corp., Philadelphia, Pennsylvania; to merge 
with Independence Bancorp, Inc., Perkasie, Pennsylvania, and thereby 
indirectly acquire Bucks County Bank and Trust Company, Perkasie, 
Pennsylvania; Cheltenham Bank, Cheltenham, Pennsylvania; Lehigh Valley 
Bank, Bethlehem, Pennsylvania; and Third National Bank and Trust 
Company of Scranton, Scranton, Pennsylvania.
    C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Marquette National Corporation, Chicago, Illinois; to acquire 
100 percent of the voting shares of Orland State Bank, Orland Park, 
Illinois.
    D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. AMBANC, Inc., Vincennes, Indiana; to acquire 100 percent of the 
voting shares of Lincolnland Bancshares, Inc., Casey, Illinois, and 
thereby indirectly acquire The Bank of Casey, Casey, Illinois.
    E. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Payne County Bank Employee Stock Ownership Plan, Perkins, 
Oklahoma; to become a bank holding company by acquiring 50.1 percent of 
the voting shares of Payne County Bancshares, Inc., Perkins, Oklahoma 
and thereby indirectly acquire The Payne County Bank, Perkins, 
Oklahoma.

    Board of Governors of the Federal Reserve System, March 3, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-5392 Filed 3-8-94; 8:45 am]
BILLING CODE 6210-01-F