[Federal Register Volume 59, Number 130 (Friday, July 8, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16547]


[[Page Unknown]]

[Federal Register: July 8, 1994]


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FEDERAL RESERVE SYSTEM
 

Lakland Bancorp, 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 August 1, 1994.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Lakland Bancorp, Inc., Oak Ridge, New Jersey, to acquire 9.9 
percent of the voting shares of High Point Financial Corp., 
Branchville, New Jersey, and thereby indirectly acquire National Bank 
of Sussex County, Branchville, New Jersey.
    B. Federal Reserve Bank of Philadelphia (Thomas K. Desch, Vice 
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
    1. IBS Financial Corp., Cherry Hill, New Jersey, to become a bank 
holding company by acquiring 100 percent of the voting shares of Inter-
Boro Savings and Loan Association, Cherry Hill, New Jersey. In 
connection with the holding company formation, Inter-Boro Savings and 
Loan Association will be converting from mutual to stock form. Inter-
Boro Savings and Loan Association will lose its status as a qualified 
thrift lender due to its failure to comply with the Qualified Thrift 
Lender Test, as set forth in 12 CFR 563.50.
    C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. HSB, Inc., Hedrick, Iowa, to become a bank holding company by 
acquiring 98.3 percent of the votings shares of Hedrick Savings Bank, 
Hedrick, Iowa.
    D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Hensley Investment Limited Partnership, Springfield, Missouri, 
to become a bank holding company by acquiring at least 76 percent of 
Peoples Bank of Fordland, Fordland, Missouri; at least 43 percent of 
the voting shares of Citizens Bank of the Ozarks, Camdenton, Missouri; 
and at least 52 percent of the voting shares of Peoples Bank of the 
Ozarks, Nixa, Missouri.
    E. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Froid Bankshares, Inc., Froid, Montana, to become a bank holding 
company by acquiring 100 percent of the voting shares of First State 
Bank of Froid, Froid, Montana.
    2. Winona Banc Holding Company, Winona, Minnesota, to acquire 93.2 
percent of the voting shares of Town and Country State Bank of Winona, 
Winona, Minnesota.
    F. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Peak Banks of Colorado, Inc., Nederland, Colorado, to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Peak National Bank, Nederland, Colorado.

    Board of Governors of the Federal Reserve System, July 1, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-16547 Filed 7-7-94; 8:45 am]
BILLING CODE 6210-01-F