[Federal Register Volume 59, Number 58 (Friday, March 25, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7088]


[[Page Unknown]]

[Federal Register: March 25, 1994]


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FEDERAL RESERVE SYSTEM

 

Cambridgeport Mutual Holding Company; Change in Bank Control 
Notice; Acquisitions of Shares of Banks or Bank Holding Companies; 
Correction

    This notice corrects a notice (FR Doc. 94-5892) published on page 
11788 of the issue for Monday, March 14, 1994.
    Under the Federal Reserve Bank of Boston heading, the entry for 
Cambridgeport Mutual Holding Company is revised to read as follows:
    1. Cambridgeport Mutual Holding Company, Cambridge, Massachusetts, 
to become a bank holding company by acquiring 100 percent of the voting 
shares of Cambridgeport Savings Bank, Cambridge, Massachusetts. 
Cambridgeport Savings Bank, upon the reorganization, will continue to 
participate in the Massachusetts Savings Bank Life Insurance program. 
Cambridgeport Mutual Holding Company has also applied to retain a 5.6 
percent interest in Cambridge Bancorp, Cambridge, Massachusetts, and 
thereby control Cambridge Trust Company, Cambridge, Massachusetts.
    Comments on this application must be received by April 7, 1994.

    Board of Governors of the Federal Reserve System, March 21, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7085 Filed 3-24-94; 8:45 am]
BILLING CODE 6210-01-M
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FEDERAL RESERVE SYSTEM
CoreStates Financial Corp., et al.; Change in Bank Control Notices; 
Acquisitions of Shares of Banks or Bank Holding Companies

    The notificants listed below have applied under the Change in Bank 
Control Act (12 U.S.C. 1817(j)) and Sec.  225.41 of the Board's 
Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company. 
The factors that are considered in acting on the notices are set forth 
in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
    The notices are available for immediate inspection at the Federal 
Reserve Bank indicated. Once the notices have been accepted for 
processing, they 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 indicated for that notice or to the 
offices of the Board of Governors. Comments must be received not later 
than April 18, 1994.
    A. Federal Reserve Bank of Philadelphia (Thomas K. Desch, Vice 
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
    1. CoreStates Financial Corp., Philadelphia, Pennsylvania; to 
acquire Independence Life Insurance Company, Phoenix, Arizona, and 
thereby engage in acting as a reinsurer of credit life, accident and 
health insurance in connection with extensions of credit by its bank 
subsidiaries, pursuant to Sec.  225.25(b)(8)(i) 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 Waukegan Corporation, Gurnee, Illinois; to acquire 
Hometown Finance Corporation, Glenview, Illinois, and Hometown Finance 
Corporation, Waukegan, Illinois; and thereby engage in the nonbanking 
activity of operating a consumer finance company through the 
acquisition of 100 percent of the outstanding voting shares of Hometown 
Finance Corporation, Glenview, Illinois, pursuant to Sec.  225.25(b)(1) 
of the Board's Regulation Y, and to engage in the nonbanking activity 
of acting as agent or broker for insurance directly related to an 
extension of credit by Hometown Finance Corporation, pursuant to Sec.  
225.25(b)(8)(ii) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, March 21, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7086 Filed 3-24-94; 8:45 am]
BILLING CODE 6210-01-F
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FEDERAL RESERVE SYSTEM
First National Sylacauga Corporation, et al.; Notice of 
Applications To Engage de Novo in Permissible Nonbanking Activities

    The companies listed in this notice have filed an application under 
Sec.  225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1)) 
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 commence or to engage de novo, either directly or 
through a subsidiary, 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. Unless otherwise noted, such activities 
will be conducted throughout the United States.
    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 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 the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than April 14, 1994.
    A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. First National Sylacauga Corporation, Sylacauga, Alabama, to 
engage de novo through its subsidiary Frontier Financial Services, 
Inc., Sylacauga, Alabama, in credit-related insurance agency and 
underwriting activites, pursuant to Sec.  225.25(b)(8)(i) and (ii) of 
the Board's Regulation Y.
    2. Pickens County Bancshares, Inc., Reform, Alabama, to retain its 
subsidiary WAB&T Financial Services, Inc., Reform, Alabama, which 
commenced engaging de novo in insurance agency and underwriting 
activities, pursuant to Sec.  225.25(b)(8)(iii) (A) of the Board's 
Regulation Y, and in providing securities brokerage services, and 
related securities credit activities, pursuant to Sec.  225.25(b)(15) 
of the Board's Regulation Y. The proposed activity will be conducted 
throughout Pickens, Fayette, Sumter, and Choctaw Counties, Alabama.

    Board of Governors of the Federal Reserve System, March 21, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7087 Filed 3-24-94; 8:45 am]
BILLING CODE 6210-01-F
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FEDERAL RESERVE SYSTEM
Ohio State Bancshares, 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 18, 1994.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Ohio State Bancshares, Inc., Marion, Ohio, to become a bank 
holding company by acquiring 100 percent of the voting shares of The 
Marion Bank, Marion, Ohio.
    B. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. Commonwealth Community Bancorp., Inc., Grundy, Virginia, to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Miners and Merchants Bank and Trust Company, Grundy, 
Virginia.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. The Templar Fund, Inc., Brentwood, Missouri, to become a bank 
holding company by acquiring 100 percent of the voting shares of Truman 
Bancorporation, Inc., Brentwood, Missouri, and thereby indirectly 
acquire U.S. National Bank of Clayton, St. Louis, Missouri.
    2. Truman Bancorporation, Inc., Brentwood, Missouri, to acquire at 
least 26 percent of the voting shares of U.S. National Bank of Clayton, 
St. Louis, Missouri.

    Board of Governors of the Federal Reserve System, March 21, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7088 Filed 3-24-94; 8:45 am]
BILLING CODE 6210-01-F