[Federal Register Volume 62, Number 28 (Tuesday, February 11, 1997)] [Notices] [Page 6250] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 97-3261] ----------------------------------------------------------------------- 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 March 7, 1997. A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63102-2034: 1. First Commercial Corporation, Little Rock, Arkansas; to merge with Southwest Bancshares, Inc., Jonesboro, Arkansas, and thereby indirectly acquire First Bank of Arkansas, Jonesboro, Arkansas; First Bank of Arkansas, Russellville, Arkansas; First Bank of Arkansas, Searcy, Arkansas; and First Bank of Arkansas, Wynne, Arkansas. 2. Security Bancorp of Tennessee, Inc., Halls, Tennessee; to acquire at least 30 percent of the voting shares of The Bank of Jackson, Jackson, Tennessee (in organization). Board of Governors of the Federal Reserve System, February 5, 1997. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 97-3261 Filed 2-10-97; 8:45 am] BILLING CODE 6210-01-F