[Federal Register Volume 59, Number 201 (Wednesday, October 19, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-25859]


[[Page Unknown]]

[Federal Register: October 19, 1994]


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


FEDERAL RESERVE SYSTEM
 

Boatmen's Bancshares, Inc., et al.; Formations of, Acquisitions 
by, and Mergers of Bank Holding Companies; and Acquisitions of 
Nonbanking Companies

    The companies listed in this notice have 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 companies have 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 applications are 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 or the 
offices of the Board of Governors not later than November 13, 1994.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Boatmen's Bancshares, Inc., St. Louis, Missouri; to acquire 100 
percent of the voting shares of Worthen Banking Corporation, Little 
Rock, Arkansas; and thereby indirectly acquire Worthen National Bank of 
Arkansas, Little Rock, Arkansas; Worthen National Bank of Batesville, 
Batesville, Arkansas; Worthen National Bank of Camden, Camden, 
Arkansas; Worthen National Bank of Conway, Conway, Arkansas; Worthen 
National Bank of Harrison, Harrison, Arkansas; Worthen National Bank of 
Hot Springs, Hot Springs, Arkansas; Worthen National Bank of Newark, 
Newark, Arkansas; Worthen National Bank of Northwest Arkansas, 
Fayetteville, Arkansas; Worthen National Bank of Pine Bluff, Pine 
Bluff, Arkansas; Worthen National Bank of Russellville, Russellville, 
Arkansas; and Worthen National Bank of Texas; Austin, Texas.
    In connection with this application, Applicant has also applied to 
acquire Consumer Protective Life Insurance Company, Little Rock, 
Arkansas, and thereby engage in the sale, as agent or broker, of credit 
related insurance and to insure or reinsure credit life and accident 
and health insurance, pursuant to Sec.  225.25(b)(8)(i) of the Board's 
Regulation Y.
    In connection with this application, Applicant has also applied to 
acquire Worthen Trust Company, Little Rock, Arkansas, and thereby 
engage in trust administration and operations, to act as trustee, 
executor, administrator, guardian, custodian of any securities of the 
United States Government or any agency or instrumentality thereof, and 
in any other fiduciary capacity which is authorized by the Arkansas law 
for corporate fiduciaries charted in those states, pursuant to Sec.  
225.25(b)(3) of the Board's Regulation Y.
    B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Malmo Bancorp, Inc., Malmo, Nebraska; to become a bank holding 
company by acquiring 100 percent of the voting shares of Malmo Agency 
Company, Malmo, Nebraska, and thereby indirectly acquire Security Home 
Bank, Malmo, Nebraska.
    In connection with this application, Applicant has also applied to 
acquire Malmo Bancorp, Inc., Malmo, Nebraska, through the acquisition 
and merger with Malmo Agency Company, Malmo, Nebraska, and thereby 
engage in general insurance activities in a town of less than 5,000 in 
population, pursuant to Sec.  225.25(b)(8)(iii)(A) of the Board's 
Regulation Y.

Board of Governors of the Federal Reserve System, October 13, 1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-25859 Filed 10-18-94; 8:45 am]
BILLING CODE 6210-01-F