[Federal Register Volume 59, Number 193 (Thursday, October 6, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-24733]


[[Page Unknown]]

[Federal Register: October 6, 1994]


-----------------------------------------------------------------------


FEDERAL RESERVE SYSTEM
 

Firstar Corporation; Formation of, Acquisition by, or Merger of 
Bank Holding Companies; and Acquisition of Nonbanking Company

    The company listed in this notice has applied under Sec.  225.14 of 
the Board's Regulation Y (12 CFR 225.14) for the Board's approval under 
section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to become a 
bank holding company or to acquire voting securities of a bank or bank 
holding company. The listed company has also applied under Sec.  
225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) 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, or to engage in such an activity. Unless otherwise 
noted, these activities will be conducted throughout the United States.
    The 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.
    Comments regarding the application must be received at the Reserve 
Bank indicated or the offices of the Board of Governors not later than 
October 31, 1994.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Firstar Corporation, through its subsidiary, Firstar Corporation 
of Illinois, both of Milwaukee, Wisconsin; to acquire 100 percent of 
the voting shares of First Colonial Bankshares Corporation, Chicago, 
Illinois, and thereby indirectly acquire All American Bank of Chicago, 
Chicago, Illinois; Colonial Bank, Chicago, Illinois; Community Bank & 
Trust Company of Edgewater, Chicago, Illinois; Michigan Avenue National 
Bank of Chicago, Chicago, Illinois; First Colonial Bank of McHenry 
County, Crystal Lake, Illinois; First Colonial Bank of Downers Grove, 
Downers Grove, Illinois; Fox Lake State Bank, Fox Lake, Illinois; First 
Colonial Bank of DuPage County, Naperville, Illinois; First Colonial 
Bank Northwest, Niles, Illinois; The Northlake Bank, Northlake, 
Illinois; Avenue Bank of Oak Park, Oak Park, Illinois; First Colonial 
Bank Rosemont, Rosemont, Illinois; First Colonial Bank of Lake County, 
Vernon Hills, Illinois; First Colonial Bank-Highwood, Highwood, 
Illinois; York State Bank, Elmhurst, Illinois; First Colonial Bank-
Mundelein, Mundelein, Illinois; and First Colonial Bank Southwest, 
Burbank, Illinois.
    In connection with this application, Applicant has applied to 
acquire BankersTech, Inc., Chicagok Illinois, and thereby engage in 
contract out back office services including data processing services to 
other banks, pursuant to Sec.  225.25(b)(7). In addition, Applicants 
also has applied to acquire First Colonial Trust Company, Oak Park, 
Illinois, and thereby engage in providing corporate and personal trust 
services such as escrow exchange agent services, employee benefits, 
trustee services and investment management services, pursuant to Sec.  
225.25(b)(3) of the Board's Regulation Y. Applicant also has applied to 
acquire Mid-States Financial Corp., Schaumburg, Illinois, and thereby 
engage in providing limited equipment finance leasing, primarily of 
machine tools, small computers and telephone systems, pursuant to Sec.  
225.25(b)(5) of the Board's Regulation Y. Applicant also has applied to 
acquire First Colonial Mortgage Corporation, Elmhurst, Illinois, and 
thereby engage in providing residential mortgage financing secured by 
one-to-four family residential properties, including home equity loans, 
pursuant to Sec.  225.25(b)(1) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, September 30, 
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-24733 Filed 10-5-94; 8:45 am]
BILLING CODE 6210-01-F