[Federal Register Volume 62, Number 104 (Friday, May 30, 1997)]
[Notices]
[Page 29347]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-14135]


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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 23, 1997.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. United Rossevelt MHC, and United Rossevelt Bancorp, both of 
Carteret, New Jersey; to become bank holding companies by acquiring 100 
percent of the voting shares of United Rossevelt Savings Bank, 
Carteret, New Jersey.
    B. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Fulton Financial Corporation, Lancaster, Pennsylvania; to 
acquire 100 percent of the voting shares of The Peoples Bank of Elkton, 
Elkton, Maryland.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. The Bank of Mulberry Employee Stock Ownership Trust, Mulberry, 
Arkansas; to become a bank holding company by acquiring 50.5 percent of 
the voting shares of ACME Holding Company, Inc., Mulberry, Arkansas, 
and thereby indirectly acquire The Bank of Mulberry, Mulberry, 
Arkansas.
    D. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Plainview Holding Company, Pilger, Nebraska; to acquire 100 
percent of the voting shares of American National Creighton Co., 
Creighton, Nebraska, and thereby indirectly acquire American National 
Bank of Creighton, Creighton, Nebraska.
    E. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Bedford Bancshares, Inc., Bedford, Texas, and Bedford Delaware 
Bancshares, Inc., Dover, Delaware; to become bank holding companies by 
acquiring 100 percent of the voting shares of Western American National 
Bank, Bedford, Texas.
    F. Federal Reserve Bank of San Francisco (Pat Marshall, Manager of 
Analytical Support, Consumer Regulation Group) 101 Market Street, San 
Francisco, California 94105-1579:
    1. Neighborhood Bancorp, San Diego, California; to become a bank 
holding company by acquiring at least 50.1 percent of the voting shares 
of Neighborhood National Bank, San Diego, California (in organization).
    In connection with this application, Applicant also has applied to 
acquire Neighborhood Capital Advisors, San Diego, California, and 
thereby engage in community development activities, pursuant to Sec.  
225.28(b)(12) of the Board's Regulation Y; and in financial and 
investment advisory activities, pursuant to Sec.  225.28(b)(6) of the 
Board's Regulation Y.
    In addition, Applicant also has applied to acquire Neighborhood 
Housing Development Corporation, San Diego, California, and thereby 
engage in community development activities, pursuant to Sec.  
225.28(b)(12) of the Board's Regulation Y; in extending loans and 
activities related to credit, pursuant to Secs.  225.28 (b)(1) and (2) 
of the Board's Regulation Y; and in consumer financial counseling, 
pursuant to Sec.  225.28(b)(6) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, May 23, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-14135 Filed 5-29-97; 8:45 am]
BILLING CODE 6210-01-F