[Federal Register Volume 60, Number 220 (Wednesday, November 15, 1995)]
[Notices]
[Pages 57428-57429]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28141]



-----------------------------------------------------------------------


FEDERAL RESERVE SYSTEM

Eastern Bank Corporation, 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.

[[Page 57429]]

    Unless otherwise noted, comments regarding each of these 
applications must be received not later than December 7, 1995.
    A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President) 
600 Atlantic Avenue, Boston, Massachusetts 02106:
    1. Eastern Bank Corporation, Lynn, Massachusetts; to retain 100 
percent of the voting shares of Eastern Bank and Trust Company, Salem, 
Massachusetts. Eastern Bank Corporation (EBC) currently owns 100 
percent of Eastern Bank and Trust Company (Trust). Trust has a 
commercial bank charter, but is currently operating as a trust company 
pursuant to section 4(c)(8) and 12 CFR 225.25(b)(3). EBC is seeking 
approval to alter Trust's activities such that Trust meet the 
definition of a ``bank'' for purposes of the Bank Holding Company Act 
of 1956, as amended.
    B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Empire Bancshares Incorporated, Sioux Falls, South Dakota; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Founders Trust National Bank, Sioux Falls, South Dakota, a de 
novo bank.
    C. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Community First Bancorp, Inc., Reynoldsville, Pennsylvania; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of The First National Bank of Reynoldsville, Reynoldsville, 
Pennsylvania.

    Board of Governors of the Federal Reserve System, November 7, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-28141 Filed 11-14-95; 8:45 am]
BILLING CODE 6210-01-F