[Federal Register Volume 61, Number 220 (Wednesday, November 13, 1996)]
[Notices]
[Pages 58192-58193]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28955]


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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

[[Page 58193]]

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 6, 1996.
    A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. First American Corporation, Nashville, Tennessee; to merge with 
Hartsville Bancshares, Inc., Hartsville, Tennessee, and thereby 
indirectly acquire CommunityFIRST Bank, Hartsville, Tennessee.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Mound City Bancshares, Inc., Platteville, Wisconsin; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Mound City Bank, Platteville, Wisconsin.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. CNB Bancshares, Inc., Evansville, Indiana; to merge with BMC 
Bancshares, Inc., Mt. Carmel, Illinois, and thereby indirectly acquire 
Bank of Mt. Carmel, Mt. Carmel, Illinois.
    2. Linn Holding Company, Linn, Missouri; to acquire an additional 
64.86 percent, for a total of 79.28 percent, of the voting shares of 
Heritage Bank, Loose Creek, Missouri.
    3. Louisville Development Bancorp, Inc., Louisville, Kentucky; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Louisville Community Development Bank Louisville, Kentucky (a 
de novo bank). In connection with this application, Applicant also has 
applied to acquire Real Estate Development Company, Louisville, 
Kentucky, and thereby engage de novo in community development 
activities, pursuant to Sec.  225.25(b)(6) of the Board's Regulation Y. 
These activities will be conducted in low to moderate communities in 
Louisville, Kentucky.
    D. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Hoeme Family Partnership, Scott City, Kansas; to acquire an 
additional 4.99 percent, for a total of 40.60 percent, of the voting 
shares of First National Bancshares of Scott City, Ltd., Scott City, 
Kansas, and thereby indirectly acquire First National Bank of Scott 
City, Scott City, Kansas.
    2. Platte Valley Financial Service Companies, Inc., Scottsbluff, 
Nebraska; to become a bank holding company by acquiring 100 percent of 
the voting shares of Platte Valley Banc, Inc., Scottsbluff, Nebraska, 
Platte Valley National Bank, Scottsbluff, Nebraska, FirstMorrill Co., 
Morrill, Nebraska, and Platte Valley National Bank-Morrill, Minatare, 
Lyman, and Morrill, Nebraska.

    Board of Governors of the Federal Reserve System, November 6, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-28955 Filed 11-12-96; 8:45 am]
BILLING CODE 6210-01-F