[Federal Register Volume 59, Number 80 (Tuesday, April 26, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-10022]


[[Page Unknown]]

[Federal Register: April 26, 1994]


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FEDERAL RESERVE SYSTEM

 

Ambank Company, Inc.; 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 20, 1994.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Ambank Company, Inc, Sioux Center, Iowa; to acquire 53.33 
percent of the voting shares of Remsen Financial Services, Inc., 
Council Bluffs, Iowa, and thereby indirectly acquire First Trust & 
Savings Bank, NA., Remsen, Iowa.
    B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. First National Bank of Bemidji Employee Stock Ownership Plan & 
Trust, Bemidji, Minnesota; to acquire an additional 7.23 percent, for a 
totol of 40.09 percent of the Class A voting shares of First Bemidji 
Holding Company, Bemidji, Minnesota, and thereby indirectly acquire 
First National Bank of Bemidji, Bemidji, Minnesota.
    C. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. First International Bancorp America, Reno, Nevada; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
First International Bank, Bedford, Texas.
    2. First International Bancorp Texas, Inc., Bedford, Texas; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of First International Bancorp America, Reno, Nevada, and 
thereby indirectly acquire First International Bank, Bedford, Texas.

    Board of Governors of the Federal Reserve System, April 20, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-10022 Filed 4-25-94; 8:45 am]
BILLING CODE 6210-01-F