[Federal Register Volume 61, Number 162 (Tuesday, August 20, 1996)]
[Notices]
[Pages 43059-43060]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-21148]
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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
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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 13, 1996.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. First American Bank Corporation, Elk Grove Village, Illinois; to
acquire 17.6 percent of the voting shares of Oak Park River Forest
Bankshares, Inc., Oak Park, Illinois (in organization) and thereby
indirectly acquire Community Bank of Oak Park River Forest, Oak Park,
Illinois (in organization).
2. Stichting Priotiteit ABN AMRO Holding, Stichting
Administratiekantoor ABN AMRO Holding, ABN AMRO Holding N.V., ABN AMRO
Bank N.V., all of Amsterdam, The Netherlands; and ABN AMRO North
America, Inc., Chicago, Illinois; to acquire 100 percent of the voting
shares of CNBC Bancorp, Inc., Chicago, Illinois, and thereby indirectly
acquire Columbia National Bank of Chicago, Chicago, Illinois.
In connection with this application, the Notificants also have
applied to acquire CNBC Development Corporation, CNBC Investment
Corporation, Sky Finance Company, and Sky Mortgage Company, and thereby
engage in the activity of making and servicing loans pursuant to Sec.
225.25(b)(1) of the Board's Regulation Y; and CNBC Leasing Corporation,
and thereby engage in the activity of leasing pursuant to Sec.
225.25(b)(5) of the Board's Regulation Y. Notificants also have applied
to acquire Columbia Financial Services, Inc., a wholly owned subsidiary
of CNBC Bancorp, Inc., formed to hold the nonbank subsidiaries.
B. 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 First Financial Corporation of America, Salem, Missouri,
and thereby indirectly acquire The First National Bank of Salem, Salem,
Missouri; and Ameribanc, Inc., St. Louis, Missouri, a wholly owned
subsidiary of Mercantile Bancorporation Inc., to merge with First
Financial Corporation of America, Salem, Missouri, and thereby
indirectly acquire The First National Bank of Salem, Salem, Missouri.
Board of Governors of the Federal Reserve System, August 14,
1996.
Jennifer J. Johnson
Deputy Secretary of the Board.
[FR Doc. 96-21148 Filed 8-19-96; 8:45 am]
BILLING CODE 6210-01-F