[Federal Register Volume 61, Number 234 (Wednesday, December 4, 1996)]
[Notices]
[Page 64357]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-30784]


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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 27, 1996.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Bando McGlocklin Capital Corporation, Pewaukee, Wisconsin; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Investors Bank, Pewaukee, Wisconsin, a de novo bank.
    In connection with this application, Applicant also has applied to 
continue to engage through Bando McGlocklin Small Business Lending 
Company, Pewaukee, Wisconsin, and Bando McGlocklin Investment 
Corporation, Pewaukee, Wisconsin, in making and servicing loans, 
pursuant to Sec.  225.25(b)(1) of the Board's Regulation Y.
    2. CH and JD Byrum, LLC, Indianapolis, Indiana; to acquire 52.4 
percent of the voting shares of American State Corporation, 
Lawrenceburg, Indiana, and thereby indirectly acquire American State 
Bank, Lawrenceburg, Indiana.
    B. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. International Bancorporation, Golden Valley, Minnesota; to merge 
with Carlton County Bancorporation, Inc., Cloquet, Minnesota, and 
thereby indirectly acquire City National Bank of Cloquet, Cloquet, 
Minnesota.
    C. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. First Team Resources Corporation, Derby, Kansas; to become a 
bank holding company by acquiring 97.12 percent of the voting shares of 
First National Bank, Derby, Kansas.
    D. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Rotan Bancshares, Inc., Rotan, Texas, and Rotan Delaware 
Bancshares, Inc., Dover, Delaware; to become bank holding companies by 
acquiring 100 percent of the voting shares of First National Bank, 
Rotan, Texas.

    Board of Governors of the Federal Reserve System, November 27, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-30784 Filed 12-3-96; 8:45 am]
BILLING CODE 6210-01-F