[Federal Register Volume 59, Number 69 (Monday, April 11, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-8557]


[[Page Unknown]]

[Federal Register: April 11, 1994]


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FEDERAL RESERVE SYSTEM

 

Fulton Financial 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 May 6, 1994.
    A. Federal Reserve Bank of Philadelphia (Thomas K. Desch, Vice 
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
    1. Fulton Financial Corporation, Lancaster, Pennsylvania; to merge 
with Mid-Atlantic Bankorp, Hagerstown, Maryland, and thereby indirectly 
acquire Hagerstown Trust Company, Hagertown, Maryland.
    2. Glen Rock State Bancorp, Inc., Glen Rock, Pennsylvania, to 
become a bank holding company by acquiring 100 percent of the voting 
shares of The Glen Rock State Bank, Glen Rock, Pennslyvania. The Bank 
will be merged with a newly formed interim state bank, Glen Rock 
Interim State Bank. Upon the effective date of the merger, the 
resulting bank will be Glen Rock Interim State Bank which will change 
its name to Glen Rock State Bank.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Westide Financial Corporation, Kennesaw, Georgia; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
The Westside Bank & Trust Company, Kennesaw, Georgia.
    C. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. HSB Financial Corporation, Harwood, Noth Dakota; to become a 
bank holding company by acquiring 97.6 percent of the voting shares of 
Harwood State Bank, Harwood, Noth Dakota.
    D. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Olney Bancshares of Texas, Inc., Olney, Texas; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Thirdtier, Inc., Wilmington, Delaware, and thereby indirectly acquire 
Olney Bancorp of Delaware, Inc., Wilmington, Delaware; Olney 
Bancshares, Inc., Olney, Texas; First Coleman National Bank, Coleman, 
Texas; Graham National Bank, Graham, Texas; The First National Bank of 
Olney, Olney, Texas; and Farmers National Bank, Seymour, Texas. In 
connection with this application, Thirdtier, Inc., Wilmington, 
Delaware; has applied to become a bank holding company by acquiring 100 
percent of the voting shares of Olney Bancorp of Delaware, Inc., 
Wilmington, Delaware; Olney Bancshares, Inc., Olney, Texas; First 
Coleman National Bank, Coleman, Texas; Graham National Bank, Graham, 
Texas; The First National Bank of Olney, Olney, Texas; and Farmers 
National Bank, Seymour, Texas.

    Board of Governors of the Federal Reserve System, April 5, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-8557 Filed 4-8-94; 8:45 am]
BILLING CODE 6210-01-F