[Federal Register Volume 61, Number 161 (Monday, August 19, 1996)]
[Notices]
[Pages 42903-42904]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-21012]


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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

[[Page 42904]]

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 September 12, 1996.
    A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President) 
600 Atlantic Avenue, Boston, Massachusetts 02106:
    1. Citizens Financial Group, Inc., Providence, Rhode Island; The 
Governor and Company of the Bank of Ireland, Dublin, Ireland; The Royal 
Bank of Scotland Group plc; Edinburgh, Scotland; and The Royal Bank of 
Scotland plc, Edinburgh, Scotland; to acquire 100 percent of the voting 
shares of Farmers & Mechanics Bank, Middletown, Connecticut.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Destin Bancshares, Inc., Destin, Florida; to become a bank 
holding company by acquiring 100 percent of the voting shares of Destin 
Bank, Destin, Florida.
    C. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Commerce Bancshares, Inc., Bloomington, Minnesota; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Geneva State Bank, Geneva, Minnesota.

    Board of Governors of the Federal Reserve System, August 13, 
1996.
Jennifer J. Johnson
Deputy Secretary of the Board
[FR Doc. 96-21012 Filed 8-16-96; 8:45 am]
BILLING CODE 6210-01-F