[Federal Register Volume 61, Number 222 (Friday, November 15, 1996)]
[Notices]
[Pages 58558-58559]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-29249]
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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 9, 1996.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. East Coast Bank Corporation Employee Stock Ownership Plan Trust,
Ormond Beach, Florida; to become a bank holding company by acquiring 40
percent of the voting shares of East Coast Bank Corporation, Ormond
Beach, Florida, and thereby indirectly acquire Bank at Ormond By-The-
Sea, Ormond Beach, Florida.
2. Peoples Bancorp, Inc., Carrollton, Georgia; to become a bank
holding company by acquiring 100 percent of the voting shares of
Peoples Bank of West Georgia, Carrollton, Georgia, in organization.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Independent Bancorp, Limited, Little Chute, Wisconsin; to become
a bank holding company by acquiring 100 percent of the voting shares of
Bank of Little Chute, Little Chute, Wisconsin.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Security Bancshares, Inc., Amory, Mississippi; to become a bank
holding company by acquiring 100 percent of the voting shares of
Security Bank of Amory, Amory, Mississippi.
D. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. Denison Bancshares, Inc. of Holton, Holton, Kansas; to acquire 6
percent of the voting shares of Denison State Bank, Holton, Kansas.
E. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. First Mineola, Inc., Mineola, Texas; to become a bank holding
company by acquiring and merging with The First Mineola Corporation,
Mineola, Texas, and thereby indirectly acqure The First National Bank,
Mineola, Texas.
2. New Albany, Inc., Albany, Texas; to become a bank holding
company by acquiring 100 percent of the voting shares of Albany
Bancshares, Inc., Albany, Texas, and Albany Bancshares Nevada Financial
Corporation, Reno, Nevada, and thereby indirectly acquire First
National Bank Albany/Breckenridge, Albany, Texas.
In connection with this application, Albany Bancshares will be
merged with
[[Page 58559]]
and into New Albany; the surviving bank holding company will be renamed
Albany Bancshares, Inc.
Board of Governors of the Federal Reserve System, November 8,
1996.
William W. Wiles,
Secretary of the Board.
[FR Doc. 96-29249 Filed 11-14-96; 8:45 am]
BILLING CODE 6210-01-F