[Federal Register Volume 62, Number 187 (Friday, September 26, 1997)]
[Notices]
[Pages 50615-50616]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25659]


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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 23, 1997.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Preimer Bancorp, Inc., Doylestown, Pennsylvnia; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Preimer Bank, Doylestown, Pennsylvania.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:

[[Page 50616]]

    1. Builders Financial Corporation, Chicago, Illinois; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Builders Bank, Chicago, Illinois (in organization).
    2. Washington Bancorp, Washington, Iowa; to become a bank holding 
company by acquiring 100 percent of the voting shares of Rubio Savings 
Bank of Brighton, Brighton, Iowa. Applicant also has applied to acquire 
Washington Federal Savings Bank, and thereby operate a savings 
association, pursuant to Sec.  225.28(b)(11) of the Board's Regulation 
Y.
    C. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
    1. Roseau Realty Co., Inc., Roseau, Minnesota; to become a bank 
holding company by acquiring 74.9 percent of the voting shares of 
Citizens State Bank of Roseau, Roseau, Minnesota.
    In connection with this application, Applicant also has applied to 
engage in general insurance agency activities in a town with a 
population less than 5,000, pursuant to Sec.  225.28(b)(11)(iii)(A) of 
the Board's Regulation Y.
    2. Winter-Park Bancshares, Inc., Cameron, Wisconsin; to become a 
bank holding company by acquiring 100 percent of the voting shares of, 
and thereby merge with, Owen-Curtiss Financial Corporation, Rice Lake, 
Wisconsin, which has applied to become a bank holding company, and 
thereby indirectly acquire Brill Bancshares, Inc., Rice Lake, 
Wisconsin, and Brill State Bank, Brill, Wisconsin.
    D. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. CSB Bancshares, Inc., Ellsworth, Kansas; to acquire 5.92 percent 
of the voting shares of Wilson Bancshares, Inc., Wilson, Kansas, and 
thereby indirectly acquire Wilson State Bank, Wilson, Kansas.
    E. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. SWB Bancshares, Inc., Fort Worth, Texas, and SW Financial, Inc., 
Dover, Delaware; to become bank holding companies by acquiring 100 
percent of the voting shares of Southwest Bank, Fort Worth, Texas.

    Board of Governors of the Federal Reserve System, September 23, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-25659 Filed 9-25-97; 8:45 am]
BILLING CODE 6210-01-F