[Federal Register Volume 59, Number 144 (Thursday, July 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-18377]


[Federal Register: July 28, 1994]


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FEDERAL RESERVE SYSTEM

King Bancshares, Inc.; Formation of, Acquisition by, or Merger of 
Bank Holding Companies; and Acquisition of Nonbanking Company

    The company listed in this notice has applied under Sec.  225.14 of 
the Board's Regulation Y (12 CFR 225.14) for the Board's approval under 
section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to become a 
bank holding company or to acquire voting securities of a bank or bank 
holding company. The listed company has also applied under Sec.  
225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) 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 acquire or control voting securities or assets of a 
company engaged 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, or to engage in such an activity. Unless otherwise 
noted, these activities will be conducted throughout the United States.
    The 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.
    Comments regarding the application must be received at the Reserve 
Bank indicated or the offices of the Board of Governors not later than 
August 22, 1994.
    A. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. King Bancshares, Inc., Kingman, Kansas; to acquire Turon Banc 
Shares, Inc., Turon, Kansas, and thereby indirectly acquire The Turon 
State Bank, Turon, Kansas.
    In connection with this application, Applicant has also applied to 
acquire Sylvia, Inc., Sylvia, Kansas, and thereby engage in the sale of 
general insurance in a community of less than 5,000, where King 
Bancshares will have a lending office, pursuant to 225.25(B)(8)(iii)(A) 
of the Board's Regulation Y. The geographic scope for the activity is 
Anthony, Atlanta, Turon, Sylvia and Kingman Counties in Kansas.

    Board of Governors of the Federal Reserve System, July 22, 1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-18377 Filed 7-27-94; 8:45 am]
BILLING CODE 6210-01-F