[Federal Register Volume 59, Number 96 (Thursday, May 19, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-12194]


[[Page Unknown]]

[Federal Register: May 19, 1994]


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FEDERAL RESERVE SYSTEM
 

Cooperative Bankshares, 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 June 13, 1994.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. Cooperative Bankshares, Inc., Wilmington, North Carolina; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Cooperative Bank of Savings, Inc., SSB, Wilmington, North 
Carolina.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. First State Bankshares of Blakely, Inc., Blakely, Georgia; to 
acquire 100 percent of the voting shares of Bostwick Banking Company, 
Arlington, Georgia.
    2. SouthTrust Corporation, and SouthTrust of Mississippi, Inc., 
both of Birmingham, Alabama; to merge with First Jefferson Corporation, 
Biloxi, Mississippi, and thereby indirectly acquire The Jefferson Bank, 
Biloxi, Mississippi.
    C. Federal Reserve Bank of Chicago (David S. Epstein, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Republic Bancorp, Inc., Owosso, Michigan; to acquire 100 percent 
of the voting shares of Horizon Savings Bank, Beachwood, Ohio. Republic 
currently operates Horizon as a savings association and proposes to 
convert Horizon to a bank.
    D. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Freedom Bancshares, Inc., Osage City, Kansas; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Citizens State Bank, Osage City, Kansas.
    E. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Bronte Bancshares--Delaware, Inc., Wilmington, Delaware; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of First National Bank in Bronte, Bronte, Texas.
    2. Bronte Bancshares, Inc., Bronte, Texas; to become a bank holding 
company by acquiring 100 percent of the voting shares of Bronte 
Bancshares--Delaware, Inc., Wilmington, Delaware, and thereby 
indirectly acquire First National Bank in Bronte, Bronte, Texas.
    3. Riverway Holdings, Inc., Houston, Texas; to become a bank 
holding company by acquiring 98.5 percent of the voting shares of 
Riverway Bank, Houston, Texas.
    4. Riverway Holdings of Delaware, Inc., Wilmington, Delaware; to 
become a bank holding company by acquiring 98.5 percent of the voting 
shares of Riverway Bank, Houston, Texas.

    Board of Governors of the Federal Reserve System, May 13, 1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-12194 Filed 5-18-94; 8:45 am]
BILLING CODE 6210-01-F