[Federal Register Volume 60, Number 228 (Tuesday, November 28, 1995)]
[Notices]
[Pages 58626-58627]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28983]



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FEDERAL RESERVE SYSTEM


Premier Insurance Services, Inc., et al.; Acquisitions of 
Companies 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.
    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 on the question whether consummation of the 

[[Page 58627]]
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.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated for the 
application or the offices of the Board of Governors not later than 
December 12, 1995.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Premier Financial Services, Inc., Freeport, Illinois; to acquire 
Premier Insurance Services, Inc., Warren, Illinois, and thereby engage 
in general insurance agency activities, pursuant to Sec.  
225.25(b)(8)(iii) of the Board's Regulation Y. The sale of insurance 
will be limited to villages of less than 5,000 persons in which the 
bank holding company or its subsidiaries have lending offices, these 
include: Warren, Stockton, Mt. Carroll and Polo, all in Illinois.
    B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Colonial Banc Corp, Eaton, Ohio; to acquire Financial Services, 
Inc., Eaton, Ohio, and thereby engage in the business of real estate 
appraising, pursuant to Sec.  225.25(b)(13) of the Board's Regulation 
Y. This activity will be conducted throughout the State of Ohio.

    Board of Governors of the Federal Reserve System, November 21, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-28983 Filed 11-27-95; 8:45 am]
BILLING CODE 6210-01-F