[Federal Register Volume 61, Number 218 (Friday, November 8, 1996)]
[Notices]
[Pages 57874-57875]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28730]
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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 December 3, 1996.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Panhandle Aviation, Inc., Clarinda, Iowa; to acquire 100 percent
of the
[[Page 57875]]
voting shares of National Bank of Iowa, Denison, Iowa.
B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. IFB Holdings, Inc., Chillicothe, Missouri; to become a bank
holding company by acquiring 100 percent of the voting shares of
Investors Federal Bank, N.A., Chillicothe, Missouri.
In connection with this application, Investors Federal Bank and
Savings Association proposes to convert to a national bank, Investors
Federal Bank, N.A., and concurrently form the applicant as its holding
company.
C. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Cullen/Frost Bankers, Inc., San Antonio, Texas, and The New
Galveston Company, Wilmington, Delaware; to acquire 100 percent of the
voting shares, and merge with Corpus Christi Bancshares, Corpus
Christi, Texas; and thereby indirectly acquire C.S.B.C.C., Inc.,
Wilmington, Delaware; and Citizens State Bank, Corpus Christi, Texas.
2. SW&KM Limited Partnership, Del Rio, Texas; SW&KM Holdings, LLC,
Del Rio, Texas; to become bank holding companies by acquiring Westex
Bancorp of Delaware, Inc., Wilmington, Delaware, and Del Rio Bank &
Trust Company, Del Rio, Texas; First State Bank, Brackettville, Texas;
and Sutton City National Bank, Sonora, Texas.
Board of Governors of the Federal Reserve System, November 4,
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-28730 Filed 11-7-96; 8:45 am]
BILLING CODE 6210-01-F