[Federal Register Volume 60, Number 152 (Tuesday, August 8, 1995)]
[Notices]
[Pages 40382-40383]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-19496]



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FEDERAL RESERVE SYSTEM

Norwood Associates II, 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 September 1, 1995.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Norwood Associates II, Hackensack, New Jersey (Norwood II), to 
acquire all of the outstanding shares of Adwildon Corporation, 
Hackensack, New Jersey (Adwildon); and (2) Midland Bancorporation, 
Inc., Paramus, New Jersey (Midland), to merge Adwildon with and into 
Midland (Norwood II and Adwildon together, the ``Applicants''). Midland 
is a bank holding company with respect to Midland Bank and Trust 
Company, Paramus, New Jersey (Bank). Norwood II and Adwildon are bank 
holding companies with respect to their ownership of 30.8 and 23.5 
percent, respectively, of Midland.The applications are made in the 
context of a corporate reorganization in which Adwildon will be 
dissolved and its 23.5 percent interest in Midland will be acquired by 
Norwood II, thereby increasing Norwood II's interest in Midland to 54.3 
percent.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Farmers Bancshares, Inc., Cheneyville, Louisiana; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
The Farmers Bank & Trust of Cheneyville, Cheneyville, Louisiana.
    2. Hibernia Corporation, New Orleans, Louisiana; to merge with FNB 

[[Page 40383]]
    Bancshares, Inc., Lake Providence, Louisiana, and thereby indirectly 
acquire The First National Bank of Lake Providence, Lake Providence, 
Louisiana.
    C. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Kensington Bancorp, Inc., Kensington, Minnesota; to become a 
bank holding company by acquiring 87.60 percent of the voting shares of 
First State Bank of Kensington, Kensington, Minnesota.

    Board of Governors of the Federal Reserve System, August 2, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-19496 Filed 8-7-95; 8:45 am]
BILLING CODE 6210-01-F