[Federal Register Volume 61, Number 15 (Tuesday, January 23, 1996)]
[Notices]
[Pages 1758-1759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-759]



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FEDERAL RESERVE SYSTEM

National Commerce Bancorporation, et al.; Notice of Applications 
to Engage de novo in Permissible Nonbanking Activities

    The companies listed in this notice have filed an application under 
Sec.  225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1)) 
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 commence or to engage de novo, either directly or 
through a subsidiary, 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 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 

[[Page 1759]]
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 the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than February 6, 1996.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. National Commerce Bancorporation, Memphis, Tennessee; to engage 
de novo through its subsidiary, USI Alliance Corp., Memphis, Tennessee, 
in leasing personal property, pursuant to Sec.  225.25(b)(5)(i) of the 
Board's Regulation Y.
    2. Old National Bancorp, Evansville, Indiana; to engage de novo 
through its subsidiary, Advantage Financial Services, Evansville, 
Indiana, in the origination, making and servicing of consumer and 
mortgage loans, pursuant to Sec.  225.25(b)(1) of the Board's 
Regulation Y; and in acting as agent or broker for insurance directly 
related to extensions of credit, pursuant to Sec.  225.25(b)(8)(ii) of 
the Board's Regulation Y.
    B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Mountain Bank Systems, Inc., Whitefish, Montana; to engage de 
novo through its subsidiary, Mountain Financial, Inc., Eureka, Montana, 
in consumer lending and the sale of credit insurance, pursuant to Secs.  
225.25(b)(1) and 225.25(b)(8)(i) of the Board's Regulation Y. These 
activities will be conducted throughout Eureka, Montana, and the 
districts of Rexford and Fortine Ranger of Lincoln County, Montana.
    C. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Community First Bankshares, Inc., Denver, Colorado; to engage de 
novo in leasing activities, pursuant to Sec.  225.25(b)(5) of the 
Board's Regulation Y.

    Board of Governors of the Federal Reserve System, January 16, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-759 Filed 1-22-96; 8:45 am]
BILLING CODE 6210-01-F