[Federal Register Volume 59, Number 195 (Tuesday, October 11, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-25018]


[[Page Unknown]]

[Federal Register: October 11, 1994]


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FEDERAL RESERVE SYSTEM
 

Valley Financial Corporation, et al.; Formation of, Acquisition 
by, or Merger of Bank Holding Companies

    The company listed in this notice has 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)).
    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 to the Reserve Bank indicated for that application 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.
    Comments regarding this application must be received not later than 
November 4, 1994.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. Valley Financial Corporation, Roanoke, Virginia; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Valley Bank, National Association, Roanoke, Virginia, a de novo bank.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Community Bancshares of Mississippi, Inc., Forest, Mississippi; 
to acquire 91.11 percent of the voting shares of M & M Bancorp, Inc., 
Laurel, Mississippi, and thereby indirectly acquire Merchants & 
Manufacturers Bank of Ellisville, Ellisville, Mississippi.
    C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. C.B. Bank Shares, Inc., Russiaville, Indiana; to become a bank 
holding company by acquiring 100 percent of the voting shares Central 
Bank (in process of conversion from a national bank to a state non-
member bank, formerly Central National Bank of Howard County), 
Russiaville, Indiana.
    D. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Norwest Corporation, Minneapolis, Minnesota; to acquire 100 
percent of the voting shares of Ken-Caryl Investment Company, 
Littleton, Colorado, and thereby indirectly acquire Ken-Caryl Bank, 
Littleton, Colorado.
    E. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. HF Limited Partnership, Marshall, Missouri; to become a bank 
holding company by acquiring 49.85 percent of the voting shares of Wood 
& Huston Bancorporation, Inc., Marshall, Missouri, and thereby 
indirectly acquire South East Missouri Bank, Cape Girardeau, Missouri, 
Missouri Southern Bank, West Plains, Missouri, and Wood Huston Bank, 
Marshall, Missouri.
    2. Pioneer Bancshares, Inc. ESOP, Ponca City, Oklahoma; to become a 
bank holding company by acquiring 43.97 percent of the voting shares of 
Pioneer Bancshares, Inc., Ponca City, Oklahoma, and thereby indirectly 
acquire Pioneer Bank and Trust, Ponca City, Oklahoma.
    3. State Bank Employees Stock Ownership Plan, Hoxie, Kansas; to 
become a bank holding company by acquiring 45 percent of the voting 
shares of Prairie State Bancshares, Inc., Hoxie, Kansas, and thereby 
indirectly acquire State Bank, Hoxie, Kansas.

    Board of Governors of the Federal Reserve System, October 4, 
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-25018 Filed 10-7-94; 8:45 am]
BILLING CODE 6210-01-F