[Federal Register Volume 61, Number 131 (Monday, July 8, 1996)]
[Notices]
[Pages 35733-35734]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-17246]
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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 August 1, 1996.
A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
1. Carolina Fincorp, Inc., Rockingham, North Carolina; to become
[[Page 35734]]
a bank holding company by acquiring 100 percent of the voting shares of
Richmond Savings Bank, SSB, Rockingham, North Carolina.
2. F & M National Corporation, Winchester, Virginia; to merge with
Allegiance Banc Corporation, Bethesda, Maryland, and thereby indirectly
acquire Allegiance Bank, NA, Bethesda, Maryland.
B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Alabama National BanCorporation, Birmingham, Alabama; to merge
with FIRSTBANC Holding Company, Inc., Robertsdale, Alabama, and thereby
indirectly acquire First Bank of Baldwin County, Robertsdale, Alabama.
C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Lewis Family Partners, L.P., Morris, Illinois; to become a bank
holding company by acquiring 19.82 percent of the voting shares of
Illinois Valley Bancorp, Inc., Morris, Illinois, and thereby indirectly
acquire Grundy County National Bank, Morris, Illinois.
D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Mercantile Bancorporation Inc., St. Louis, Missouri; to acquire
100 percent of the voting shares of Peoples State Bank, Topeka, Kansas,
and Mercantile Bank of Shawnee County, Topeka, Kansas, a de novo bank.
E. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. The Ringsmuth Family Limited Partnership, Wakefield, Michigan;
to become a bank holding company by acquiring 83.8 percent of the
voting shares of Wakefield Bancorporation, Inc., Wakefield, Michigan,
and thereby indirectly acquire First National Bank of Wakefield,
Wakefield, Michigan.
Board of Governors of the Federal Reserve System, July 1, 1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-17246 Filed 7-5-96; 8:45 am]
BILLING CODE 6210-01-F