[Federal Register Volume 62, Number 18 (Tuesday, January 28, 1997)]
[Notices]
[Pages 4050-4051]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-1976]


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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). Unless otherwise 
noted, nonbanking activities will be conducted throughout the United 
States.
    Unless otherwise noted, comments regarding each of these 
applications

[[Page 4051]]

must be received at the Reserve Bank indicated or the offices of the 
Board of Governors not later than February 21, 1997.
    A. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
Director, Bank Holding Company) 101 Market Street, San Francisco, 
California 94105-1579:
    1. Santa Barbara Bancorp, Santa Barbara, California; to acquire 100 
percent of the voting shares of First Valley Bank, Lompoc, California.

    Board of Governors of the Federal Reserve System, January 22, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-1976 Filed 1-27-97; 8:45 am]
BILLING CODE 6210-01-F