[Federal Register Volume 62, Number 79 (Thursday, April 24, 1997)]
[Notices]
[Pages 20011-20012]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-10584]


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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

[[Page 20012]]

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 May 17, 1997.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Shorebank Corporation, Chicago, Illinois; to acquire 100 percent 
of the voting shares of Shorebank Pacific Corporation, Ilwaco, 
Washington, and thereby indirectly acquire ShoreTrust Bank, Seattle, 
Washington.
    In connection, Shorebank Pacific Corporation, Ilwaco, Washington; 
proposes to become a bank holding company, and to become affilated with 
ShoreTust Trading Group, Inc., a non-profit busines development 
corporation, and to thereby engage in community development activities 
pursuant to Sec.  225.25(b)(6) of the Board's Regulation Y.
    B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
    1. Poteau Bancshares, Inc., Poteau, Oklahoma; to become a bank 
holding company by acquiring 85.85 percent of the voting shares of 
First Poteau Corporation, Poteau, Oklahoma, and thereby indirectly 
acquire Poteau State Bank, Poteau, Oklahoma.

    Board of Governors of the Federal Reserve System, April 18, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-10584 Filed 4-23-97; 8:45 am]
BILLING CODE 6210-01-F