[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: 94-21848]


[[Page Unknown]]

[Federal Register: September 6, 1994]


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FEDERAL RESERVE SYSTEM
 

 First 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 30, 1994.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. First Citizens BancShares, Inc., Raleigh, North Carolina; to 
acquire 100 percent of the voting shares of Pace American Bank, 
Lawrenceville, Virginia.
    B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Franklin Bancorp, Inc., Minneapolis, Minnesota; to merge with 
Michael Bancorporation, Inc., St. Paul, Minnesota, and thereby 
indirectly acquire Meridian National Bank, St. Paul, Minnesota.

    Board of Governors of the Federal Reserve System, August 30, 
1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-21848 Filed 9-2-94; 8:45 am]
BILLING CODE 6210-01-F