[Federal Register Volume 62, Number 51 (Monday, March 17, 1997)]
[Notices]
[Pages 12645-12646]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-6550]


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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

[[Page 12646]]

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 10, 1997.
    A. 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; to acquire 15 
percent of the voting shares of Sun Bancorp, Inc., Selinsgrove, 
Pennsylvania, and thereby indirectly acquire Sun Bank, Selinsgrove, 
Pennsylvania.
    In connection with this application, Applicant also has applied to 
acquire Pennsylvania Sun Life Insurance Company, Phoenix, Arizona, and 
thereby engage in providing credit life and disability insurance 
exclusively to customers of Sun Bank, Sun Bancorp, Inc's. bank 
subsidiary, pursuant to Sec.  225.25(b)(8)(i) of the Board's Regulation 
Y.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. GBC Bancorp, Inc., Lawrenceville, Georgia; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Gwinnett Banking Company, Lawrenceville, Georgia (in organization).
    2. Southern Security Financial Corporation, Hollywood, Florida; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Southern Security Bank Corporation, Hollywood, Florida, and 
thereby indirectly acquire Southern Security Bank of Hollywood, 
Hollywood, Florida.

    Board of Governors of the Federal Reserve System, March 11, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-6550 Filed 3-14-97; 8:45 am]
BILLING CODE 6210-01-F