[Federal Register Volume 59, Number 233 (Tuesday, December 6, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-29896]


[[Page Unknown]]

[Federal Register: December 6, 1994]


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


FEDERAL RESERVE SYSTEM
 

Shawmut National 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 December 30, 1994.
    A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President) 
600 Atlantic Avenue, Boston, Massachusetts 02106:
    1. Shawmut National Corporation, Hartford, Connecticut and Boston, 
Massachusetts; to acquire 100 percent of the voting shares of Shawmut 
Bank New York, N.A., Schenectady, New York, a de novo bank. In addition 
to this application, Northeast Federal Corporation, Hartford, 
Connecticut has applied to become a bank holding company by acquiring 
Shawmut Bank New York, Schenectady, New York.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Comerica Incorporated, Detroit, Michigan and Comerica California 
Incorporated, San Jose, California; to acquire 100 percent of the 
voting shares of University Bank & Trust Company, Palo Alto, 
California.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Wes-Tenn Bancorp, Inc., Covington, Tennessee; to acquire 100 
percent of the voting shares of West Tennessee Financial Corporation, 
Selmer, Tennessee, and thereby indirectly acquire Community Bank of 
West Tennessee, Selmer, Tennessee.
    D. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
Director, Bank Holding Company) 101 Market Street, San Francisco, 
California 94105:
    1. Commercial Bancorp, Salem, Oregon; to merge with West Coast 
Bancorp, Newport, Oregon, and thereby indirectly acquire The Bank of 
Newport, Newport, Oregon. In addition, Commercial Bancorp has applied 
to acquire an option for 19.9 percent of the voting shares of West 
Coast Bancorp.
    2. West Coast Bancorp, Newport, Oregon; to acquire an option for 
19.9 percent of the voting shares of Commercial Bancorp, Salem, Oregon, 
and thereby indirectly acquire The Commercial Bank, Salem, Oregon, and 
Valley Commerical Bank, Forest Grove, Oregon.

    Board of Governors of the Federal Reserve System, November 29, 
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-29896 Filed 12-5-94; 8:45 am]
BILLING CODE 6210-01-F