[Federal Register Volume 61, Number 15 (Tuesday, January 23, 1996)]
[Notices]
[Pages 1759-1760]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-761]



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FEDERAL RESERVE SYSTEM

Peoples Heritage Financial Group, 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 February 9, 1996.

[[Page 1760]]

    A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President) 
600 Atlantic Avenue, Boston, Massachusetts 02106:
    1. Peoples Heritage Financial Group, Inc., Portland, Maine; to 
acquire 100 percent of the voting shares of, and merge with Bank of New 
Hampshire Corporation, Manchester, New Hampshire, and thereby 
indirectly acquire Bank of New Hampshire, Manchester, New Hampshire.
    B. Federal Reserve Bank of New York (Christopher J. McCurdy, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Emigrant Bancorp, Inc., New York, New York; to acquire 9.99 
percent of the voting shares of Queens County Bancorp, Inc., Flushing, 
New York, and thereby indirectly acquire Queens County Savings Bank, 
Flushing, New York.
    C. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Mechanics Financial Corporation, Mansfield, Ohio; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Mechanics Savings Bank, Marblehead, Ohio.
    2. Wells River Bancorp, Inc., Wellsville, Ohio; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Perpetual Savings Bank, Wellsville, Ohio. Comments on this application 
must be received not later than February 6, 1996.
    D. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Gateway Bancshares, Inc., Ringgold, Georgia; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Gateway Bank & Trust, Ringgold, Georgia, in organization.
    E. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Otto Bremer Foundation and Bremer Financial Corporation, both of 
St. Paul, Minnesota; to acquire 100 percent of the voting shares of 
First American Bank of Wahpeton, Wahpeton, North Dakota, a de novo 
bank.
    F. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. First Valley Bank Group, Inc., Harlingen, Texas, and First 
Valley Delaware Financial Corporation, Dover, Delaware; to acquire 100 
percent of the voting shares of Pharr Financial Corporation, Pharr, 
Texas, and thereby indirectly acquire Security State Bank, Pharr, 
Texas.
    2. Premier Bancshares, Inc., La Grange, Texas; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Premier Holdings - Nevada, Inc., Carson City, Nevada, and thereby 
indirectly acquire La Grange State Bank, La Grange, Texas.
    In connection with this application, Premier Holdings - Nevada, 
Inc., Carson City, Nevada, has applied to become a bank holding company 
by acquiring 100 percent of the voting shares of La Grange State Bank, 
La Grange, Texas.
    3. Quinlan Bancshares, Inc., Quinlan, Texas; to acquire 100 percent 
of the voting shares of Citizens State Bank, Royce City, Texas.
    G. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
Director, Bank Holding Company) 101 Market Street, San Francisco, 
California 94105:
    1. Dartmouth Capital Group, Inc., Dartmouth Capital Group, L.P., 
and SDN Bancorp, Inc., all of Encinitas, California; to acquire 100 
percent of the voting shares of Liberty National Bank, Huntington 
Beach, California.

    Board of Governors of the Federal Reserve System, January 16, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-761 Filed 1-22-96; 8:45 am]
BILLING CODE 6210-01-F