[Federal Register Volume 59, Number 238 (Tuesday, December 13, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-30551]


[[Page Unknown]]

[Federal Register: December 13, 1994]


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FEDERAL RESERVE SYSTEM
 

IBW, Inc., 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 January 6, 1995.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. IBW, Inc., Washington, D.C.; to become a bank holding company by 
acquiring 100 percent of the voting shares of Industrial Bank of 
Washington. Washington, D.C.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Regions Financial Corporation, Birmingham, Alabama; to merge 
with First Commercial Bancshares, Inc., Chalmette, Louisiana, and 
thereby indirectly acquire First National Bank of St. Bernard Parish, 
Chalmette, Louisiana.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Boatmen's-Illinois, Inc, St. Louis, Missouri; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Boatmen's Bank of South Central Illinois, Mt. Vernon, Illinois.
    2. Boatmen's Bancshares, Inc., St. Louis, Missouri; to acquire 100 
percent of the voting shares of Salem Community Bancorp, Inc., Salem, 
Illinois, and thereby indirectly acquire Community State Bank, Salem, 
Illinois.
    D. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Cheyenne Banking Corporation, Cheyenne, Oklahoma; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Security State Bank, Cheyenne, Oklahoma.
    E. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. The ANB Corporation, Terrell, Texas; to become a bank holding 
company by acquiring 100 percent of the voting shares of The ANB 
Delaware Corporation, Terrell, Texas, and thereby indirectly acquire 
The American National Bank of Terrell, Terrell, Texas. In connection 
with this application, The ANB Delaware Corporation, Terrell, Texas; 
also has applied to become a bank holding company by acquiring 100 
percent of the voting shares of The American National Bank of Terrell, 
Terrell, Texas.
    2. Paladon Management Company, Inc., Panhandle, Texas; also has 
applied to become a bank holding company by acquiring 1 percent of the 
voting shares, and voting authority for 100 percent of Panhandle 
Investments, Ltd., Panhandle, Texas, and thereby indirectly acquire 
Panhandle Bancshares, Inc., Panhandle, Texas, and First National Bank 
of Panhandle, Panhandle, Texas. In connection with this application, 
Paladon Investments, Ltd., Panhandle, Texas; to become a bank holding 
company by acquiring 41.29 percent of the voting shares of Panhandle 
Bancshares, Inc., Panhandle, Texas, and thereby indirectly acquire 
Panhandle National Bank of Panhandle, Panhandle, Texas, and First 
National Bank of Panhandle, Panhandle, Texas.

    Board of Governors of the Federal Reserve System, December 7, 
1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-30551 Filed 12-12-94; 8:45 am]
BILLING CODE 6210-01-F