[Federal Register Volume 60, Number 211 (Wednesday, November 1, 1995)]
[Notices]
[Page 55582]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-27047]



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FEDERAL RESERVE SYSTEM
Shen Financial Fund I, L.P., et al.; Change in Bank Control 
Notices; Acquisitions of Shares of Banks or Bank Holding Companies

    The notificants listed below have applied under the Change in Bank 
Control Act (12 U.S.C. 1817(j)) and Sec.  225.41 of the Board's 
Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company. 
The factors that are considered in acting on the notices are set forth 
in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
    The notices are available for immediate inspection at the Federal 
Reserve Bank indicated. Once the notices have been accepted for 
processing, they 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 indicated for that notice or to the 
offices of the Board of Governors. Comments must be received not later 
than November 16, 1995.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
    1. Shen Financial Fund I, L.P.; Shen Management Partnership, L.P. 
(Z. Shenkman); Shen Management Corp. (collectively, the Shen Fund) and 
Zeev Shenkman, all of Bala Cynwyd, Pennsylvania; to acquire an 
additional 11.64 percent, for a total of 16.31 percent, of the voting 
shares of Execufirst Bancorp, Inc., Philadelphia, Pennsylvania, and 
thereby indirectly acquire First Executive Bank, Philadelphia, 
Pennsylvania.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Richard C. Skates, Woodland, Georgia; to acquire a total of 
74.35 percent of the voting shares of Canebrake Bancshares, Inc., 
Uniontown, Alabama, and thereby indirectly acquire First State Bank of 
Uniontown, Uniontown, Alabama.
    C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. John F. Edge, Baxter, Iowa; to retain 43.17 percent of the 
outstanding common shares of Baxter Insurance Agency, Inc., Baxter, 
Iowa, and thereby indirectly retain shares of State Savings Bank, 
Baxter, Iowa.
    D. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Austin County Bankshares Employee Stock Ownership Plan, 
Bellville, Texas; to acquire an additional 3.17 percent, for a total of 
12.80 percent, of the voting shares of Austin County Bankshares, Inc., 
Bellville, Texas, and thereby indirectly acquire Austin County State 
Bank, Bellville, Texas.

    Board of Governors of the Federal Reserve System, October 26, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-27047 Filed 10-31-95; 8:45 am]
BILLING CODE 6210-01-F