[Federal Register Volume 62, Number 61 (Monday, March 31, 1997)]
[Notices]
[Page 15185]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8001]



[[Page 15185]]

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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. 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 24, 1997.
    A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Seacoast Banking Corporation of Florida, Stuart, Florida; to 
merge with Port St. Lucie National Bank Holding Corporation, Port St. 
Lucie, Florida, and thereby indirectly acquire Port St. Lucie National 
Bank, Port St. Lucie, Florida.
    In connection with this application, Applicant also has applied to 
acquire Spirit Mortgage Company, Port St. Lucie, Florida, and thereby 
engage in making, acquiring, or servicing loans or other extensions of 
credit, pursuant to Sec.  225.25(b)(1)(iii) of the Board's Regulation 
Y. The proposed activity will be conducted throughout the State of 
Florida.
    B. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
    1. Adams Bancshares, Inc., Employee Stock Ownership Plan, Adams, 
Minnesota; to become a bank holding company by acquiring 30.02 percent 
of the voting shares of Adams Bancshares, Inc., Adams, Minnesota, and 
thereby indirectly acquire Farmers State Bank of Adams, Adams, 
Minnesota.

    Board of Governors of the Federal Reserve System, March 25, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-8001 Filed 3-28-97; 8:45 am]
BILLING CODE 6210-01-F