[Federal Register Volume 60, Number 139 (Thursday, July 20, 1995)]
[Notices]
[Page 37448]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17822]



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FEDERAL RESERVE SYSTEM

 The Colonial BancGroup, Inc., et al.; Acquisition of Company 
Engaged in Permissible Nonbanking Activities

    The organizations listed in this notice have applied under Sec.  
225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR 225.23(a)(2) or 
(f)) 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. Unless otherwise noted, such 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.
    Comments regarding the applications must be received at the Reserve 
Bank indicated or the offices of the Board of Governors not later than 
August 3, 1995.
    A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. The Colonial BancGroup, Inc, Montgomery, Alabama; to acquire Mt. 
Vernon Financial Corporation, Dunwoody, Georgia, and thereby engage in 
operating a savings association, Sec.  225.25(b)(9) of the Board's 
Regulation Y. The proposed activities will be conducted throughout the 
State of Georgia.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. West Bend Bancorp, West Bend, Iowa; to acquire through its de 
novo subsidiary, Security Insurance Inc., West Bend, Iowa, Security 
Insurance Agency, West Bend, Iowa, and thereby engage in the sale of 
insurance in a town of less than 5,000 in population, pursuant to 
Sec. 225.25(b)(8)(iii) of the Board's Regulation Y. This activity will 
take place in West Bend, Iowa.

    Board of Governors of the Federal Reserve System, July 14, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-17822 Filed 7-19-95; 8:45 am]
BILLING CODE 6210-01-F