[Federal Register Volume 59, Number 171 (Tuesday, September 6, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-21820]


[[Page Unknown]]

[Federal Register: September 6, 1994]


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FEDERAL RESERVE SYSTEM
 

Citizens Bancshares, 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 September 27, 1994.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Citizens Bancshares, Inc., Salineville, Ohio; to merge with 
Unity Bancorp, Inc., New Waterford, Ohio, and thereby indirectly 
acquire The New Waterford Bank, New Waterford, Ohio.
    B. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. Mercantile Bankshares Corporation, Baltimore, Maryland; to merge 
with Fredericksburg National Bancorp, Inc., Fredericksburg, Virginia, 
and thereby indirectly acquire The National Bank of Fredericksburg, 
Fredericksburg, Virginia.
    C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. First Mid-Illinois Bancshares, Inc., Mattoon, Illinois; to 
acquire 100 percent of the voting shares of Heartland Savings Bank, 
Mattoon, Illinois the successor by charter conversion to Heartland 
Federal Savings and Loan Association, Mattoon, Illinois.
    D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Chambers Bancshares, Inc., Danville, Arkansas; to acquire at 
least 99.41 percent of the voting shares of Arkansas Valley Bank, 
Dardanelle, Arkansas.
    1. First United Bancshares, Inc., El Dorado, Arkansas; to acquire 
100 percent of the voting shares of First United of Texas, Inc., 
Texarkana, Texas, and thereby indirectly acquire FirstBank, Texarkana, 
Texas. In connection with this application, First United of Texas, 
Inc., has applied to become a bank holding company by acquiring 100 
percent of the voting shares of FirstBank, Texarkana.
    E. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Norwest Corporation, Minneapolis, Minnesota; to acquire 100 
percent of the voting shares of American Republic Bancshares, Inc., 
Belen, New Mexico, and thereby indirectly acquire First National Bank 
of Belen, Belen, New Mexico.

    Board of Governors of the Federal Reserve System, August 29, 
1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-21820 Filed 9-2-94; 8:45 am]
BILLING CODE 6210-01-F