[Federal Register Volume 59, Number 175 (Monday, September 12, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-22420]


[[Page Unknown]]

[Federal Register: September 12, 1994]


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FEDERAL RESERVE SYSTEM
 

Pathfinder Bancorp, M.H.C., 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 October 6, 1994.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Pathfinder Bancorp, M.H.C., Oswego, New York; to become a bank 
holding company by acquiring at least a majority of the voting shares 
of Oswego City Savings Bank, Oswego, New York.
    2. Saban, S.A., Marina Bay, Gibralter; to acquire up to 2.45 
percent of the outstanding voting shares of Republic New York 
Corporation, New York, New York. In addition Republic New York 
Corporation Holdings Limited, a wholly owned subsidiary of Saban, S.A., 
to acquire directly up to 1.32 percent of the outstanding shares of 
Republic New York Corporation. As a result, Saban, S.A. would control, 
directly and indirectly, up to approximately 31 percent of the 
outstanding shares of Republic New York Corporation when the purchases 
are combined with existing holdings, and thereby indirectly acquire 
Republic National Bank of New York, New York, New York, Republic Bank 
for Savings, New York, New York, and Republic Bank California National 
Association, Beverly Hills, California.
    B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. FNB Bancshares, Inc., Brooksville, Kentucky; to become a bank 
holding company by acquiring 100 percent of the voting shares of The 
First National Bank of Brooksville, Brooksville, Kentucky.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Mercantile Bancorporation, Inc., St. Louis, Missouri; to acquire 
100 percent of the voting shares of Wedge Bank, Alton, Illinois.
    D. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Community First Bankshares, Inc., Fargo, North Dakota; to merge 
with Minowa Bancshares, Inc., Decorah, Iowa, and thereby indirectly 
acquire Decorah State Bank, Decorah, Iowa; First National Bank of 
Mabel, Mabel, Minnesota; and Minnesota Bank, N.A., Caledonia, 
Minnesota.

    Board of Governors of the Federal Reserve System, September 6, 
1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-22420 Filed 9-9-94; 8:45 am]
BILLING CODE 6210-01-F