[Federal Register Volume 60, Number 204 (Monday, October 23, 1995)]
[Notices]
[Pages 54374-54375]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26100]



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FEDERAL RESERVE SYSTEM

First Citizens BancShares, 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 November 16, 1995.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. First Citizens BancShares, Inc., Raleigh, North Carolina; to 
merge with Allied Bank Capital, Inc., Sanford, North Carolina, and 
thereby indirectly acquire Summit Savings Bank, SSB, Sanford, North 
Carolina, and Peoples Savings Bank, Inc., SSB, Wilmington, North 
Carolina.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. First National Security Company, DeQueen, Arkansas; to acquire 
at least 95 percent of the voting shares of First National Bank of 
Lewisville, Lewisville, Arkansas.
    C. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. MidAmerica Bank, Newport, Minnesota; to merge with Minnesota 
State Bancshares, Inc., St. Paul, Minnesota, and thereby indirectly 
acquire Minnesota State Bank, St. Paul, Minnesota.
    In connection with this application, MidAmerica Bancshares', 
subsidiary, the MidAmerican Bank will become a bank holding company to 
facilitate the merger of MidAmerican Bancshares and Minnesota State 
Bancshares.
    2. Parkers Prairie Bancshares, Inc., Parkers Prairie, Minnesota; to 
acquire 100 percent of the voting shares of Waubun Bancshares, Inc., 
Waubun, Minnesota, and thereby indirectly acquire Farmers State Bank of 
Waubun, Incorporated, Waubun, Minnesota.
    D. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Cullen/Frost Bankers, Inc., San Antonio, Texas, and The New 
Galveston Company, Wilmington, Delaware to 

[[Page 54375]]
acquire and merge with S.B.T. Bancshares, Inc., San Marcos, Texas, and 
thereby indirectly acquire State Bank & Trust Company, San Marcos, 
Texas.
    2. Chaparral Bancshares, Inc., Richardson, Texas, and Chaparral 
Delaware Bancshares, Inc., Dover, Delaware; to become bank holding 
companies by acquiring 100 percent of the voting shares of Canyon Creek 
National Bank, Richardson, Texas.

    Board of Governors of the Federal Reserve System, October 17, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-26100 Filed 10-20-95; 8:45 am]
BILLING CODE 6210-01-F