[Federal Register Volume 62, Number 132 (Thursday, July 10, 1997)]
[Notices]
[Page 37057]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-18099]


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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. The application also will 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 August 4, 1997.
    A. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Bank of Elmwood Employee Stock Ownership Plan and Trust, Racine, 
Wisconsin; to acquire and additional 25.55 percent, for a total of 63 
percent of the voting shares of Elmwood Financial Corporation, Racine, 
Wisconsin, and thereby indirectly acquire Bank of Elmwood, Racine, 
Wisconsin.
    B. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
    1. Norwest Corporation, Minneapolis, Minnesota; to acquire 100 
percent of the voting shares of The Bank of the Southwest, N.A., Pagosa 
Springs, Colorado.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Lexington B & L Financial Corp., Lexington, Missouri; to become 
a bank holding company by acquiring 100 percent of the voting shares of 
Lafayette Bancshares, Inc., Lexington, Missouri, and thereby indirectly 
acquire Lafayette County Bank of Lexington/Wellington, Lexington, 
Missouri. Applicant also has applied to B & L Bank, Lexington, 
Missouri, and thereby continue to engage in operating a savings 
association, pursuant to Sec.  225.28 (b)(4) of the Board's Regulation 
Y.
    2. RCB Holding Company, Claremore, Oklahoma; to acquire 100 percent 
of the voting shares of Northeastern Oklahoma Bancshares, Inc., Inola, 
Oklahoma, and thereby indirectly acquire Bank of Inola, Inola, 
Oklahoma.

    Board of Governors of the Federal Reserve System, July 7, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-18099 Filed 7-9-97; 8:45 am]
BILLING CODE 6210-01-F