[Federal Register Volume 62, Number 49 (Thursday, March 13, 1997)]
[Notices]
[Pages 11894-11895]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-6303]


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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,

[[Page 11895]]

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. 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 April 7, 1997.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. First Virginia Banks, Inc., Falls Church, Virginia to merge with 
Premier Bankshares Corporation, Bluefield, Virginia, and thereby 
indirectly acquire Premier Bank, N.A., Tazewell, Virginia; Premier 
Bank-South, National Association, Wytheville, Virginia; and Premier 
Bank-Central, N.A., Honaker, Virginia.
    In connection with this application, Applicant also has applied to 
acquire Premier Trust Company, Bluefield, Virginia, and thereby engage 
in activities that may be performed by a trust company (including 
activities of a fiduciary, agency, or custodial nature), in the manner 
authorized by federal or state law, pursuant to Sec.  225.25(b)(3) of 
the Board's Regulation Y.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    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 has also retain to 
acquire Bando McGlocklin Small Business Lending Company and Bando 
McGlocklin Investment Corporation, Pewaukee, Wisconsin, and thereby 
continue to engage in the activities permitted by Sec.  225.25(b)(1) of 
the Board's Regulation Y.
    C. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
    1. Conrad Company, Minneapolis, Minnesota; to acquire up to 62 
percent of voting shares of National Mercantile Bancorp, Los Angeles, 
California, and thereby indirectly acquire Mercantile National Bank, 
Los Angeles, California.
    D. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
Director, Bank Holding Company) 101 Market Street, San Francisco, 
California 94105-1579:
    1. Citizens Bancorp, Corvallis, Oregon; to become a bank holding 
company by acquiring 100 percent of the voting shares of Citizens Bank, 
Corvallis, Oregon.

    Board of Governors of the Federal Reserve System, March 7, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-6303 Filed 3-12-97; 8:45 am]
BILLING CODE 6210-01-F