[Federal Register Volume 60, Number 6 (Tuesday, January 10, 1995)]
[Notices]
[Page 2602]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-528]



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FEDERAL RESERVE SYSTEM

 United Valley Bancorp, 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 February 3, 1995.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
    1. United Valley Bancorp, Inc., Philadelphia, Pennsylvania; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of United Valley Bank, Philadelphia, Pennsylvania. UVB Interim 
Bank, will be formed to facilitate the transaction.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. First Mutual Bancorp, Inc., Decatur, Illinois; to become a bank 
holding company by acquiring 100 percent of the voting shares of First 
Mutual Bank, S.B., Decatur, Illinois.
    C. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Elgin Bancshares, Inc., Elgin, North Dakota; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Farmers State Bank, Elgin, North Dakota.
    D. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
Director, Bank Holding Company) 101 Market Street, San Francisco, 
California 94105:
    1. Wells Fargo & Company, San Francisco, California; to acquire 100 
percent of the voting shares of Wells Fargo Bank (Arizona), National 
Association, Phoenix, Arizona, a de novo bank.

    Board of Governors of the Federal Reserve System, January 4, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-528 Filed 1-9-95; 8:45 am]
BILLING CODE 6210-01-F