[Federal Register Volume 62, Number 92 (Tuesday, May 13, 1997)]
[Notices]
[Page 26315]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-12450]


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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 June 6, 1997.
    A. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
    1. Stearns Financial Services, Inc., Employee Stock Ownership Plan, 
St. Cloud, Minnesota, and Stearns Financial Services, Inc., St. Cloud, 
Minnesota; to acquire 80 percent of the voting shares of Arizona 
Community Bank of Scottsdale, Scottsdale, Arizona, a de novo bank.
    B. Federal Reserve Bank of San Francisco (Pat Marshall, Manager of 
Analytical Support, Consumer Regulation Group) 101 Market Street, San 
Francisco, California 94105-1579:
    1. Zions Bancorporation, Salt Lake City, Utah; to acquire 100 
percent of the voting shares of Tri-State Bank, Montpelier, Idaho.

    Board of Governors of the Federal Reserve System, May 7, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-12450 Filed 5-12-97; 8:45 am]
BILLING CODE 6210-01-F