[Federal Register Volume 61, Number 144 (Thursday, July 25, 1996)]
[Notices]
[Page 38738]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-18862]


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FEDERAL RESERVE SYSTEM

Notice of Proposals To Engage in Permissible Nonbanking 
Activities or To Acquire Companies That Are Engaged in Permissible 
Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation      Y, (12 CFR Part 225) to engage de novo, or to acquire 
or control voting securities or assets of a company that engages either 
directly or through a subsidiary or other company, in a nonbanking 
activity that is listed in Sec.  225.25 of Regulation Y (12 CFR 225.25) 
or that the Board has determined by Order to be closely related to 
banking and permissible for bank holding companies. Unless otherwise 
noted, these activities will be conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. Once the notice 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 
question whether the proposal complies with the standards of section 4 
of the BHC Act, including whether consummation of the proposal 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 
on this question 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, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than August 8, 1996.
    A. Federal Reserve Bank of Cleveland (R. Chris Moore, Senior Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. American Bancorporation, Wheeling, West Virginia; through its 
wholly-owned subsidiary, American Mortgages, Inc., Wheeling, West 
Virginia, proposes to acquire 51 percent of the shares to be issued by 
Premier Mortgage Limited, Columbus, Ohio, a de novo joint venture with 
HER, Inc., Columbus, Ohio, through two of its affiliates, Homebuyers 
Mortgage Company and Shelter Financial Services, both of Columbus, 
Ohio, and thereby engage in acquiring and servicing loans as permitted 
by Sec.  225.25(b)(1) of the Board's Regulation Y.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Dadeland Bancshares, Inc., Miami, Florida; to engage de novo 
through its subsidiary, Dadeland Software Services, Inc., Miami, 
Florida, a 20 percent interest in a joint venture, in data processing, 
computer software activities, and related consulting service 
activities, pursuant to Secs.  225.25(b)(7) and (b)(11) of the Board's 
Regulation Y.
    2. First Alliance Bancorp, Inc., Marietta, Georgia; to acquire 
Premier Bancshares, Inc., Atlanta, Georgia, and thereby, indirectly 
acquire Premier Bank, F.S.B., Atlanta, Georgia, and engage in operating 
a savings association, pursuant to Sec.  225.25(b)(9) of the Board's 
Regulation Y, and Premier Lending Corporation, Atlanta, Georgia, and 
thereby engage in making, acquiring, or servicing loans or other 
extensions of credit, pursuant to Sec.  225.25(b)(1) of the Board's 
Regulation Y. These activities will be performed throughout the State 
of Georgia.

    Board of Governors of the Federal Reserve System, July 19, 1996.
Jennifer J. Johnson
Deputy Secretary of the Board
[FR Doc. 96-18862 Filed 7-24-96; 8:45 am]
BILLING CODE 6210-01-F