[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