[Federal Register Volume 59, Number 56 (Wednesday, March 23, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6780]


[[Page Unknown]]

[Federal Register: March 23, 1994]


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FEDERAL RESERVE SYSTEM
 

Financial Corporation of Louisiana, et al.; Formations of, 
Acquisitions by, and Mergers of Bank Holding Companies; and 
Acquisitions of Nonbanking Companies

    The companies listed in this notice have applied under Sec.  225.14 
of the Board's Regulation Y (12 CFR 225.14) for the Board's approval 
under section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to 
become a bank holding company or to acquire voting securities of a bank 
or bank holding company. The listed companies have also applied under 
Sec.  225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) for the 
Board's approval under section 4(c)(8) of the Bank Holding Company Act 
(12 U.S.C. 1843(c)(8)) and Sec.  225.21(a) of Regulation Y (12 CFR 
225.21(a)) to acquire or control voting securities or assets of a 
company engaged in a nonbanking activity that is listed in Sec.  225.25 
of Regulation Y as closely related to banking and permissible for bank 
holding companies, or to engage in such an activity. Unless otherwise 
noted, these activities will be conducted throughout the United States.
    The applications are 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 on the question whether consummation of the proposal can 
``reasonably be expected to produce benefits to the public, such as 
greater convenience, increased competition, or gains in efficiency, 
that outweigh possible adverse effects, such as undue concentration of 
resources, decreased or unfair competition, conflicts of interests, or 
unsound banking practices.'' Any request for a hearing on this question 
must be accompanied by a statement of the reasons a written 
presentation would not suffice in lieu of a hearing, identifying 
specifically any questions of fact that are in dispute, summarizing the 
evidence that would be presented at a hearing, and indicating how the 
party commenting would be aggrieved by approval of the proposal.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than April 15, 1994.
    A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Financial Corporation of Louisiana, Crowley, Louisiana; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of First National Bank of Crowley, Crowley, Louisiana, and 
Progressive Bancorporation, Inc., Houma, Louisiana, and thereby 
indirectly acquire 8.25 percent of Progressive Bank & Trust Company, 
Houma, Louisiana.
    In connection with this application, Applicant also proposes to 
engage de novo in acting as principal, agent, or broker for insurance 
that is directly related to extensions of credit by Applicant of its 
subsidiaries, and limited to assuring repayment of such extensions of 
credit in the event of the death, disability, or involuntary 
unemployment of the debtor, and by making, acquiring, or servicing 
loans or other extensions of credit pursuant to Sec.  225.25(b)(1) of 
the Board's Regulation Y.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. First Ozaukee Capital Corp., Cedarburg, Wisconsin; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
First Ozaukee Savings Bank, Cedarburg, Wisconsin.
    In connection with this application, Applicant also proposes to 
engage de novo in making, acquiring, or servicing loans pursuant to 
Sec.  225.25(b)(1) of the Board's Regulation Y.
    2. TSB Financial, Inc., Tremont, Illinois; to become a bank holding 
company by acquiring 100 percent of the voting shares of Tremont 
Savings Bank, Tremont, Illinois.
    In connection with this application, Applicant also proposes to 
engage de novo in making, acquiring, or servicing loans pursuant to 
Sec.  225.25(b)(1) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, March 17, 
1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-6780 Filed 3-22-94; 8:45 am]
BILLING CODE 6210-01-F