[Federal Register Volume 59, Number 181 (Tuesday, September 20, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-23209]


[[Page Unknown]]

[Federal Register: September 20, 1994]


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FEDERAL RESERVE SYSTEM

 

 BB&T Financial Corporation, 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 21, 1994.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. BB&T Financial Corporation, Wilson, North Carolina and BB&T 
Financial Corporation of Virginia, Virginia Beach, Virginia; to acquire 
100 percent of the voting shares of Commerce Bank, Virginia Beach, 
Virginia.
    In connection with this application BB&T Financial Corporation of 
Virginia had applied to become a bank holding company by acquiring 100 
percent of the voting shares of Commerce Bank, Virginia Beach, 
Virginia.
    B. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Sun Belt Bancshares Corporation, Wilmington, Delaware; to become 
a bank holding company by acquiring 100 percent of the voting shares of 
National Bank of Conroe, Conroe, Texas.
    2. Woodforest Bancshares, Inc., Houston, Texas; to acquire 100 
percent of the voting shares of SunBelt Bancshares Corporation, Conroe, 
Texas, and thereby indirectly acquire National Bank of Conroe, Conroe, 
Texas.
    3. Woodforest Holdings Corporation, Houston, Texas; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
National Bank of Conroe, Conroe, Texas.

    Board of Governors of the Federal Reserve System, September 14, 
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-23209 Filed 9-19-94; 8:45 am]
BILLING CODE 6210-01-F