[Federal Register Volume 61, Number 143 (Wednesday, July 24, 1996)]
[Notices]
[Page 38449]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-18778]


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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 16, 1996.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. First Midwest Financial, Inc., Storm Lake, Iowa; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Central West Bancorporation, Casey, Iowa, and thereby indirectly 
acquire Security State Bank, Stuart, Iowa.
    In connection with this application First Midwest Financial, Inc., 
also has applied to acquire First Federal Savings Bank of the Midwest, 
Storm Lake, Iowa, and its subsidiaries, First Services Financial 
Limited, Storm Lake, Iowa, Brookings Service Corporation, Brooking, 
South Dakota, and First Midwest Financial, Inc., Storm Lake, Iowa, and 
thereby engage in operating a savings association, pursuant to Sec.  
225.25(b)(9) of the Board's Regulation Y, in trust activities, pursuant 
to Sec.  225.25(b)(3) of the Board's Regulation Y, the sale of credit-
related insurance, pursuant to Sec.  225.25(b)(8)(i) of the Board's 
Regulation Y, insurance agency activities in small towns, pursuant to 
Sec.  225.25(b)(8)(iii) of the Board's Regulation Y, in securities 
brokerage activities, pursuant to Sec.  225.25(b)(15) of the Board's 
Regulation Y, investment advice, pursuant to Sec.  225.25(b)(4)(iii) of 
the Board's Regulation Y, and in making and servicing loans, pursuant 
to Sec.  225.25(b)(1) of the Board's Regulation Y.
    B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. DFC Acquisition Corporation Two, Kansas City, Missouri; to 
acquire 58.18 percent of the voting shares of Air Academy National 
Bancorp, Colorado Springs, Colorado, and thereby indirectly acquire Air 
Academy National Bank, Colorado Springs, Colorado.
    2. FirstBank Holding Company of Colorado Employee Stock Ownership 
Plan, Lakewood, Colorado; and its subsidiary FirstBank Holding Company 
of Colorado, Lakewood, Colorado, to acquire 100 percent of the voting 
shares of FirstBank of Greeley, Greeley, Colorado.
    3. Premier Bancorp, Inc., Denver, Colorado; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Premier Bank, Lenexa, Kansas.

    Board of Governors of the Federal Reserve System, July 18, 1996.
Jennifer J. Johnson
Deputy Secretary of the Board
[FR Doc. 96-18778 Filed 7-23-96; 8:45 am]
BILLING CODE 6210-01-F