[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] ======================================================================= ----------------------------------------------------------------------- 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