[Federal Register Volume 59, Number 164 (Thursday, August 25, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-20918]


[[Page Unknown]]

[Federal Register: August 25, 1994]


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FEDERAL RESERVE SYSTEM
 

Maddox Financial, Inc.; Formation of, Acquisition by, or Merger 
of Bank Holding Companies

    The company listed in this notice has 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)).
    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 to the Reserve Bank indicated for that application 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.
    Comments regarding this application must be received not later than 
September 19, 1994.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Town Financial Corporation, Hardford City, Indiana; to acquire 
100 percent of the voting shares of Maddox Financial, Inc., Hartford 
City, Hartford, Indiana, and thereby indirectly acquire City Savings 
Bank, Hartford City, Indiana.
    In connection with this application Maddox Financial, Inc., 
Hartford City, Indiana, has applied to become a bank holding company by 
acquiring 82.0 percent of the voting shares of City Savings Bank, 
Hartford City, Indiana, a thrift institution converting into a state 
chartered bank.

    Board of Governors of the Federal Reserve System, August 19, 
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-20918 Filed 8-24-94; 8:45 am]
BILLING CODE 6210-01-F