[Federal Register Volume 59, Number 184 (Friday, September 23, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-23557]


[[Page Unknown]]

[Federal Register: September 23, 1994]


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FEDERAL RESERVE SYSTEM

 

Fifth Third Bancorp, et al.; Acquisitions of Companies Engaged in 
Permissible Nonbanking Activities

    The organizations listed in this notice have applied under Sec.  
225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR 225.23(a)(2) or 
(f)) for the Board's approval under section 4(c)(8) of the Bank Holding 
Company Act (12 U.S.C. 1843(c)(8)) and Sec.  225.21(a) of Regulation Y 
(12 CFR 225.21(a)) to acquire or control voting securities or assets of 
a company engaged in a nonbanking activity that is listed in Sec.  
225.25 of Regulation Y as closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, such activities 
will be conducted throughout the United States.
    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 on the question whether consummation of the proposal can 
``reasonably be expected to produce benefits to the public, such as 
greater convenience, increased competition, or gains in efficiency, 
that outweigh possible adverse effects, such as undue concentration of 
resources, decreased or unfair competition, conflicts of interests, or 
unsound banking practices.'' Any request for a hearing on this question 
must be accompanied by a statement of the reasons a written 
presentation would not suffice in lieu of a hearing, identifying 
specifically any questions of fact that are in dispute, summarizing the 
evidence that would be presented at a hearing, and indicating how the 
party commenting would be aggrieved by approval of the proposal.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated for the 
application or the offices of the Board of Governors not later than 
October 17, 1994.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Fifth Third Bancorp, Cincinnati, Ohio; to acquire Mutual Federal 
Savings Bank, Miamisburg, Ohio; and thereby engage in permissible 
savings association activities pursuant to Sec.  225.25(b)(a) of the 
Board's Regulation Y.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. SunTrust Banks, Inc. (Company), an affiliate bank service 
corporation, Atlanta, Georgia; to acquire SunTrust Service Corporation, 
Atlanta, Georgia, through its subsidiaries, SunBank/Gulf Coast, 
Sarasota, Florida, by increasing its ownership of Company, to 2.14 
percent; SunBank/Tallahassee, N.A., Tallahassee, Florida, by increasing 
its ownership to .63 percent; The First National Bank of Florence, 
Florence, Alabama, by increasing its ownership to .12 percent; Trust 
Company Bank of South Georgia, N.A., Albany, Georgia, by increasing its 
ownership to .55 percent; and Trust Company Bank of North Georgia, 
Gainesville, Georgia, by increasing its ownership to .11 percent, and 
thereby engage in providing data processing services, pursuant to Sec.  
225.25(b)(7) of the Board's Regulation Y.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. First Banks, Inc., Clayton, Missouri; to acquire River Valley 
Holding, Inc., Chicago, Illinois, and thereby acquire River Valley 
Savings Bank, Peoria, Illinois, and thereby engage in such business as 
would be done by a savings and loan association, pursuant to Sec.  
225.25(b)(9) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, September 19, 
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-23557 Filed 9-22-94; 8:45 am]
BILLING CODE 6210-01-F