[Federal Register Volume 61, Number 128 (Tuesday, July 2, 1996)]
[Notices]
[Pages 34434-34435]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-16811]


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FEDERAL RESERVE SYSTEM


Formations of, Acquisitions by, and Mergers of Bank Holding 
Companies

    The companies listed in this notice have applied to the Board for 
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 
1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other 
applicable statutes and regulations to become a bank holding company 
and/or to acquire the assets or the ownership of, control of, or the 
power to vote shares of a bank or bank holding company and all of the 
banks and nonbanking companies owned by the bank holding company, 
including the companies listed below.

    The applications listed below, as well as other related filings 
required by the Board, are 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 standards enumerated in the BHC Act (12 U.S.C. 
1842(c)). If the proposal also involves the acquisition of a nonbanking 
company, the review also includes whether the acquisition of the 
nonbanking company complies with the standards in section 4 of the BHC 
Act, including whether the acquisition of the nonbanking company 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'' (12 U.S.C.      1843). Any request for a 
hearing 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, nonbanking activities will be conducted throughout the 
United States.

    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than July 26, 1996.

    A. Federal Reserve Bank of New York (Christopher J. McCurdy, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:

    1. Banponce Corporation, Hato Rey, Puerto Rico; Popular 
International Bank, Inc., Hato Rey, Puerto Rico; and Banponce Financial 
Corp., Wilmington, Delaware; to acquire 100 percent of the voting 
shares of Combancorp, Commerce, California; and thereby indirectly 
acquire Commerce National Bank, Commerce, California.

    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:

    1. St. Joseph Capital Corporation, South Bend, Indiana; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
St. Joseph Capital Bank, Mishawaka, Indiana.

    C. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:

[[Page 34435]]

    1. Mesaba Bancshares, Inc., Biwabik, Minnesota; and River Bancorp, 
Inc., Ramsey, Minnesota; to acquire 22.22 percent of Northland Security 
Bank, Ramsey, Minnesota, a de novo bank. In connection with this 
proposal, River Bancorp has applied to become a bank holding company by 
acquiring shares of Northland Security Bank.
    D. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Big Bend Bancshares Corporation, Presidio, Texas; and Rio 
Bancshares Corporation, Wilmington, Delaware; to acquire an additional 
29.37 percent of the voting shares of Marfa National Bank, Marfa, 
Texas.
    2. East Texas Bancorp, Inc., Longview, Texas; to become a bank 
holding company by acquiring 100 percent of the voting shares of East 
Texas Delaware Financial Corporation, Dover, Delaware; and thereby 
indirectly acquire Community Bank, Longview, Texas.
    3. East Texas Delaware Financial Corporation, Dover, Delaware; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Community Bank, Longview, Texas.
    E. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
Director, Bank Holding Company) 101 Market Street, San Francisco, 
California 94105:
    1. Western Acquisitions, L.L.C., Buffalo Grove, Illinois; to become 
a bank holding company by acquiring 43.5 percent of the voting shares 
of Sunwest Bank, Tustin, California.
    2. Western Acquisition Partners, L.P., Buffalo Grove, Illinois; to 
become a bank holding company by acquiring 43.5 percent of the voting 
shares of Sunwest Bank, Tustin, California.

    Board of Governors of the Federal Reserve System, June 26, 1996.
Jennifer J. Johnson
Deputy Secretary of the Board
[FR Doc. 96-16811 Filed 7-1-96; 8:45 am]
BILLING CODE 6210-01-F