[Federal Register Volume 62, Number 155 (Tuesday, August 12, 1997)]
[Notices]
[Pages 43168-43169]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-21182]
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FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in Permissible Nonbanking
Activities or to Acquire Companies that are Engaged in Permissible
Nonbanking Activities
The companies listed in this notice have given notice under section
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and
Regulation Y, (12 CFR Part 225) to engage de novo, or to acquire or
control voting securities or assets of a company that engages either
directly or through a subsidiary or other company, in a nonbanking
activity that is listed in Sec. 225.28 of Regulation Y (12 CFR 225.28)
or that the Board has determined by Order to be closely related to
banking and permissible for bank holding companies. Unless otherwise
noted, these activities will be conducted throughout the United States.
Each notice is available for inspection at the Federal Reserve Bank
indicated. The notice also will be available for
[[Page 43169]]
inspection at the offices of the Board of Governors. Interested persons
may express their views in writing on the question whether the proposal
complies with the standards of section 4 of the BHC Act.
Unless otherwise noted, comments regarding the applications must be
received at the Reserve Bank indicated or the offices of the Board of
Governors not later than August 26, 1997.
A. Federal Reserve Bank of Cleveland (Jeffery Hirsch, Banking
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
1. Community Holding Company, Inez, Kentucky; to engage in
permissible savings and loan association activities, pursuant to
Sec. 225.28(b)(4) of the Board's Regulation Y, through the conversion
of its wholly-owned banking subsidiary, The First National Bank of
Louisa, Louisa, Kentucky, into a federal-charted stock savings bank,
Inez Deposit Bank, F.S.B., Inez, Kentucky.
B. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. Firstbank of Illinois Co., Springfield, Illinois; to acquire
Geneva Capital Corporation, Springfield, Illinois, and thereby engage
in serving as a broker in Illinois, Indiana and St. Louis, Missouri,
for mortgage loans to companies engaged in operating income-producing
commercial real estate, and thereby engage in extending credit and
servicing loans, pursuant to Sec. 225.28(b)(1) of the Board's
Regulation Y.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. Hardin County Bancshares, Inc., Savannah, Tennessee; to acquire
Majors Insurance Agency, Inc., Adamsville, Tennessee, and thereby
engage in general insurance agency activities in a place where its
subsidiary bank has a lending office and that has a population not
exceeding 5,000, pursuant to Sec. 225.28(b)(11) of the Board's
Regulation Y.
D. Federal Reserve Bank of San Francisco (Pat Marshall, Manager of
Analytical Support, Consumer Regulation Group) 101 Market Street, San
Francisco, California 94105-1579:
1. 1867 Western Financial Corporation, Stockton, California; to
acquire Capital Corp of the West, Merced, California, and thereby
indirectly acquire Town and Country Finance and Thrift Company,
Turlock, California, and Capital West Group, Inc., Stockton,
California, and thereby engage in operating an industrial loan company,
pursuant to Sec. 225.28(b)(4); in operating an industrial loan company;
in providing credit life insurance, pursuant to Sec. 225.28(b)(11) of
the Board's Regulation Y; in management consulting, pursuant to
Sec. 225.28(b)(9) of the Board's Regulation Y; and in furnishing
investment and financial advice, pursuant to Sec. 225.28(b)(6) of the
Board's Regulation Y.
Board of Governors of the Federal Reserve System, August 6,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-21182 Filed 8-11-97; 8:45 am]
BILLING CODE 6210-01-F