[Federal Register Volume 59, Number 158 (Wednesday, August 17, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-20154]


[[Page Unknown]]

[Federal Register: August 17, 1994]


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FEDERAL RESERVE SYSTEM

 

 KeyCorp, 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 September 9, 1994.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Keycorp, Cleveland, Ohio; and Key Bancshares of Maine, Inc., 
Portland, Maine, to acquire 100 percent of the voting shares of Casco 
Northern Bank, National Association, Portland, Maine.
    2. KeyCorp, Cleveland, Ohio; and Key Bancshares of Maine, Inc., 
Portland, Maine, to acquire 100 percent of the voting shares of 
BANKVERMONT Corporation, Burlington, Vermont, and thereby indirectly 
acquire Bank of Vermont, Burlington, Vermont.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. GAB Bancorp, Jasper, Indiana; to acquire 100 percent of the 
voting shares of First State Bank Southwest Indiana, Tell City, 
Indiana.
    C. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Commerce Bancshares, Inc., Kansas City, Missouri; to acquire 100 
percent of the voting shares of Twin City Corporation, which will be 
the surviving corporation after a merger with CBI-Twin City 
Corporation, Kansas City, Kansas, a wholly owned subsidiary of Commerce 
Bancshares, through the merger Commerce Bancshares, Inc., will 
indirectly acquire 90 percent of the voting shares of Twin City State 
Bank, Kansas City, Kansas. In a second step to the transaction Twin 
City Corporation will merge with another wholly owned subsidiary of 
Commerce Bancshares, Inc., CBI-Kansas, Inc., Kansas City, Missouri, and 
thereby indirectly acquire 100 percent of the voting shares of Commerce 
Bank, N.A., Lenexa, Kansas, and Commerce Bank, Lawrence, Kansas.
    2. Peoples Trust of 1987, Ottawa, Kansas; and its subsidiary 
Peoples, Inc., Ottawa, Kansas, to acquire 46.875 percent of the voting 
shares of Johnson County Bank, Overland Park, Kansas.

    Board of Governors of the Federal Reserve System, August 11, 
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-20154 Filed 8-16-94; 8:45 am]
BILLING CODE 6210-01-F