[Federal Register Volume 62, Number 32 (Tuesday, February 18, 1997)]
[Notices]
[Page 7231]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-3871]


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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 March 14, 1997.
    A.Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. USA BancShares, Inc., Philadelphia, Pennsylvania; to acquire 
between 5.0 percent of, and 9.9 percent of, the voting shares of Regent 
Bancshares Corp., Philadelphia, Pennsylvania, and thereby indirectly 
acquire Regent Bank, Philadelphia, Pennsylvania.
    B. Federal Reserve Bank of Cleveland (R. Chris Moore, Senior Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Banc One Corporation, Columbus, Ohio, and Banc One Oklahoma 
Corporation, Oklahoma City, Oklahoma; to merge with Liberty Bancorp, 
Inc., Oklahoma City, Oklahoma, and thereby indirectly acquire Liberty 
Bank and Trust Company of Oklahoma City, N.A., Oklahoma City, Oklahoma; 
and Liberty Bank and Trust Company of Tulsa, N.A., Tulsa, Oklahoma.
    In connection with this application, Applicant has also applied to 
acquire Mid-America Credit Life Assurance Company, Oklahoma City, 
Oklahoma, and thereby engage in underwriting insurance solely related 
to extensions of credit by subsidiaries of Liberty Bancorp, Inc., 
pursuant to Sec.  225.25(b)(8)(i) of the Board's Regulation Y; Mid-
America Insurance Agency, Inc., Oklahoma City, Oklahoma, and thereby 
engage in selling insurance solely related to extensions of credit by 
subsidiaries of Liberty Bancorp, Inc., pursuant to Sec.  
225.25(b)(8)(i) of the Board's Regulation Y; Liberty Trust Company of 
Texas, Dallas, Texas, and thereby engage in providing trust services, 
pursuant Sec.  225.25(b)(3) of the Board's Regulation Y; and Liberty 
Financial Corporation, Oklahoma City, Oklahoma, and thereby engage in 
real estate financing and equipment leasing activities for Liberty 
Bancorp, Inc., pursuant to Secs.  225.25(b)(1) and (5) of the Board's 
Regulation Y.

    Board of Governors of the Federal Reserve System, February 11, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-3871 Filed 2-14-97; 8:45 am]
BILLING CODE 6210-01-F