[Federal Register Volume 62, Number 176 (Thursday, September 11, 1997)]
[Notices]
[Pages 47818-47819]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-24009]


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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 October 6, 1997.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III,

[[Page 47819]]

Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 
23261-4528:
    1. The Marine BanCorp, Inc., Chincoteague, Virginia; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
The Marine Bank, Chincoteague, Virginia.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Compass Bancshares, Inc., Birmingham, Alabama; to acquire 100 
percent of the voting shares of GSB Investments, Inc., Gainesville, 
Florida, and thereby indirectly acquire Gainesville State Bank, 
Gainesville, Florida.
    C. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. George Washington Bancorp, Inc., Oak Lawn, Illinois; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
George Washington Savings Bank, Oak Lawn, Illinois.
    D. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
    1. Community First Bankshares, Inc., Fargo, North Dakota; to merge 
with First National Summit Bankshares, Inc., Gunnison, Colorado, and 
therby indirectly acquire First National Summit Bank, Gunnison, 
Colorado.
    2. Community First Bankshares, Inc., Fargo, North Dakota; to merge 
with Republic National Bancorp, Inc., Phoenix, Arizona, and thereby 
indirectly acquire Republic National Bank of Arizona, N.A., Phoenix, 
Arizona.
    E. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Cortez Investment Co., Cortez, Colorado; to acquire 50 percent 
of the voting shares of The Cortez State Bank, Cortez, Colorado.
    2. Vail Banks, Inc., Vail, Colorado; to acquire 100 percent of the 
voting shares of Cedaredge Financial Services, Inc., Cedaredge, 
Colorado.

    Board of Governors of the Federal Reserve System, September 5, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-24009 Filed 9-10-97; 8:45 am]
BILLING CODE 6210-01-F