[Federal Register Volume 61, Number 199 (Friday, October 11, 1996)]
[Notices]
[Pages 53375-53377]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-26141]


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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 November 4, 1996.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:

[[Page 53376]]

    1. NationsBank Corporation and NB Holdings Corporation, both of 
Charlotte, North Carolina; to merge with Boatmen's Bancshares, Inc., 
St. Louis, Missouri, and thereby indirectly acquire Bank IV, National 
Association, Wichita, Kansas; Boatmen's National Bank of Oklahoma, 
Tulsa, Oklahoma; Boatmen's Bank of Northeast Arkansas, Jonesboro, 
Arkansas; Boatmen's National Bank of Arkansas, Little Rock, Arkansas; 
Boatmen's National Bank of Batesville, Batesville, Arkansas; Boatmen's 
National Bank of Conway, Conway, Arkansas; Boatmen's National Bank of 
Hot Springs, Hot Springs, Arkansas; Boatmen's National Bank of Newark, 
Newark, Arkansas; Boatmen's National Bank of North Central Arkansas, 
Bull Shoals, Arkansas; Boatmen's National Bank of Northwest Arkansas, 
Fayetteville, Arkansas; Boatmen's National Bank of Pine Bluff, Pine 
Bluff, Arkansas; Boatmen's National Bank of Russellville, Russellville, 
Arkansas; Boatmen's National Bank of South Arkansas, Camden, Arkansas; 
Boatmen's National Bank of Austin, Austin, Texas; Boatmen's Bank Iowa, 
National Association, Des Moines, Iowa; Boatmen's Bank of Fort Dodge, 
Fort Dodge, Iowa; Boatmen's Bank of North Iowa, Mason City, Iowa; 
Boatmen's National Bank of Northwest Iowa, Spencer, Iowa; Boatmen's 
Bank of Franklin County, Benton, Illinois; Boatmen's Bank of Marshall, 
Marshall, Missouri; Boatmen's Bank of Mid Missouri, Columbia, Missouri; 
Boatmen's Bank of Pulaski County, Richland, Missouri; Boatmen's Bank of 
Quincy, Quincy, Illinois; Boatmen's Bank of Southern Missouri, 
Springfield, Missouri; Boatmen's Bank of Southwest Missouri, Carthage, 
Missouri; Boatmen's Bank of Tennessee, Memphis, Tennessee; Boatmen's 
Bank of Troy, Troy, Missouri; Boatmen's Bank of Vandalia, Vandalia, 
Missouri; Boatmen's Credit Card Bank, Albuquerque, New Mexico; 
Boatmen's First National Bank of Kansas City, Kansas City, Missouri; 
Boatmen's First National Bank of West Plains, West Plains, Missouri; 
Boatmen's Bank of South Central Illinois, Mount Vernon, Illinois; 
Boatmen's National Bank of Boonville, Boonville, Missouri; Boatmen's 
National Bank of Cape Girardeau, Cape Girardeau, Missouri; Boatmen's 
National Bank of Central Illinois, Hillsboro, Illinois; Boatmen's 
National Bank of Coles County, Charleston, Illinois; Boatmen's National 
Bank of Lebanon, Lebanon, Missouri; The Boatmen's National Bank of St. 
Louis, St. Louis, Missouri; Boatmen's Osage Bank, Butler, Missouri; 
Boatmen's River Valley Bank, Lexington, Missouri; Sunwest Bank of 
Albuquerque, National Association, Albuquerque, New Mexico; Sunwest 
Bank of Clovis, National Association, Clovis, New Mexico; Sunwest Bank 
of Farmington, Farmington, New Mexico; Sunwest Bank of Gallup, Gallup, 
New Mexico; Sunwest Bank of Grant County, Silver City, New Mexico; 
Sunwest Bank of Hobbs, National Association, Hobbs, New Mexico; Sunwest 
Bank of Las Cruces, National Association, Las Cruces, New Mexico; 
Sunwest Bank of Raton, National Association, Raton, New Mexico; Sunwest 
Bank of Rio Arriba, National Association, Espanola, New Mexico; Sunwest 
Bank of Roswell, National Association, Roswell, New Mexico; Sunwest 
Bank of Santa Fe, Santa Fe, New Mexico; Sunwest Bank of El Paso, El 
Paso, Texas; Boatmen's First National Bank of Amarillo, Amarillo, 
Texas; Boatmen's Bank of Kennett, Kennett, Missouri; and Boatmen's Bank 
Rolla, Rolla, Missouri.
    In connection with this application, Applicants also have applied 
to acquire Boatmen's Trust Company, St. Louis, Missouri, Boatmen's 
Trust Company of Arkansas, Little Rock, Arkansas, Boatmen's Trust 
Company of Illinois, Belleville, Illinois, Boatmen's Trust Company of 
Oklahoma, Oklahoma City, Oklahoma, Boatmen's Trust Company of Texas, 
Amarillo, Texas, and thereby engage in corporate trust, pension, and 
personal trust administration, pursuant to Sec.  225.25(b)(3) of the 
Board's Regulation Y; Boatmen's Trust Company of Kansas, Overland Park, 
Kansas, and thereby engage in pension administration activities, 
pursuant to Sec.  225.25(b)(3) of the Board's Regulation Y; Union 
Realty and Securities Company, St. Louis, Missouri, and thereby engage 
in holding certain real estate in a fiduciary capacity for the 
customers of its parent, Boatmen's Trust Company, in connection with 
the parent's trust activities, pursuant to Sec.  225.25(b)(3) of the 
Board's Regulation Y; River City Capital Management, Inc., St. Louis, 
Missouri, and thereby engage in acting as a general partner of certain 
limited partnerships that would be exempt from registration as 
investment companies under the Investment Company Act of 1940 (15 
U.S.C. Sec.  80a-1) (see Meridan Bancorp, Inc., 80 Fed. Res. Bull. 736 
(1994); Superior Federal Bank, F.S.B., Fort Smith, Arkansas, and 
thereby engage in the traditional thrift activities, pursuant to Sec.  
225.25(b)(9) of the Board's Regulation Y; Fourth Investment Advisors, 
Inc., Tulsa, Oklahoma, and thereby engage in providing portfolio 
investment advice to third parties, pursuant to Sec.  225.25(b)(4) of 
the Board's Regulation Y; Boatmen's Life Insurance Company, St. Louis, 
Missouri, and thereby engage in underwriting credit insurance sold in 
connection with loans made by certain affiliated banks, and in 
addition, reinsures credit life and credit accident and health 
insurance underwritten by third party insurance companies in connection 
with loans made by certain affiliated banks, pursuant to Sec.  
225.25(b)(8)(i) of the Board's Regulation Y; Fourth Financial Insurance 
Company, Wichita, Kansas, and thereby engage in reinsuring credit life 
and credit accident and health insurance underwritten by third party 
insurers in connection with loans made by certain affiliated banks, 
pursuant to Sec.  225.25(b)(8)(i) of the Board's Regulation Y; Arch 
Reinsurance Company, LTD, Georgetown, Grand Cayman, and thereby engage 
in reinsuring various operating insurance underwritten by third party 
insurers for the benefit of the applicant and its affiliates, and 
reinsures credit insurance products underwritten by third party 
insurers and sold by an affiliate, pursuant to Sec.  225.25(b)(8)(i) of 
the Board's Regulation Y; Consumers Protective Life Insurance Company, 
Little Rock, Arkansas, and thereby engage in underwriting credit 
insurance sold in connection with loans made by its Arkansas banking 
affiliates, pursuant to Sec.  225.25(b)(8)(i) of the Board's Regulation 
Y; Southwest Protective Life Insurance Company, Fort Smith, Arkansas, 
and thereby engage in reinsuring credit life insurance underwritten by 
third party insurers in connection with loans made by its affiliated 
thrift, pursuant to Sec.  225.25(b)(8)(i) of the Board's Regulation Y; 
Boatmen's Insurance Agency, Inc., St. Louis, Missouri, and thereby 
engage in the sale of credit insurance directly related to extensions 
of credit by its affiliated banks, and engages in direct mail 
solicitation of accidental death and dismemberment insurance to the 
applicant's deposit and loan customers, pursuant to Sec.  
225.25(b)(8)(i) of the Board's Regulation Y; Boatmen's Community 
Development Corporation, St. Louis, Missouri, and thereby engage in 
providing community development lending and equity investment in all 
states in which the applicant has subsidiary banks, pursuant to Sec.  
225.25(b)(6) of the Board's Regulation Y; Bank IV Community 
Development, Corporation, Wichita, Kansas, and thereby engage in 
providing loans to and makes equity investments in corporations or 
projects designed primarily to promote community

[[Page 53377]]

welfare, pursuant to Sec.  225.25(b)(6) of the Board's Regulation Y; 
and Bank IV Affordable Housing Corporation, Wichita, Kansas, and 
thereby engage in acting as a special limited partner in an investment 
designed primarily to promote community welfare, pursuant to Sec.  
225.25(b)(6) of the Board's Regulation Y.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Metrocorp, Inc.; East Moline, Illinois; to acquire 100 percent 
of the voting shares of Metrobank-Illinois, N.A., East Moline, 
Illinois.

    Board of Governors of the Federal Reserve System, October 7, 
1996.
Jennifer J. Johnson
Deputy Secretary of the Board
[FR Doc. 96-26141 Filed 10-10-96; 8:45 am]
BILLING CODE 6210-01-F