[Federal Register Volume 62, Number 20 (Thursday, January 30, 1997)]
[Notices]
[Page 4534]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-2339]



[[Page 4534]]

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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 must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than February 25, 1997.
    A. Federal Reserve Bank of New York (Christopher J. McCurdy, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Amboy Bancorporation, Old Bridge, New Jersey; to acquire 9.9 
percent of the voting shares of The Community Bank of New Jersey, 
Freehold, New Jersey (in organization).
    B. Federal Reserve Bank of Cleveland (R. Chris Moore, Senior Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. F.N.B. Corporation, Hermitage, Pennsylvania, and Southwest 
Banks, Inc., Naples, Florida; to acquire 100 percent of the voting 
shares of West Coast Bancorp, Inc., Cape Coral, Florida, and thereby 
indirectly acquire First National Bank of Southwest Florida, Cape 
Coral, Florida.
    C. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Regions Financial Corporation, Birmingham, Alabama; to merge 
with West Carroll Bancshares, Inc., Oak Grove, Louisiana, and thereby 
indirectly acquire West Carroll National Bank of Oak Grove, Oak Grove, 
Louisiana.
    D. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Peoples Bancorp, Inc., Chestertown, Maryland; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Peoples Bank of Kent County, Maryland, Chestertown, Maryland.
    E. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
    1. FirstBank Holding Company of Colorado, Lakewood, Colorado; to 
acquire 100 percent of the voting shares of FirstBank of Evergreen, 
Lakewood, Colorado.

    Board of Governors of the Federal Reserve System, January 27, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-2339 Filed 1-29-97; 8:45 am]
BILLING CODE 6210-01-F