[Federal Register Volume 62, Number 216 (Friday, November 7, 1997)]
[Notices]
[Page 60247]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29407]



[[Page 60247]]

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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 December 1, 1997.
    A. Federal Reserve Bank of Cleveland (Jeffery Hirsch, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Citizens Bancshares, Inc., Salineville, Ohio; to acquire 100 
percent of the voting shares of UniBank, Steubenville, Ohio.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Community First Banking Company, Carrollton, Georgia; to become 
a bank holding company by acquiring 100 percent of the voting shares of 
Carrollton Federal Bank, FSB, Carrollton, Georgia (following conversion 
from a thrift to a commercial bank).
    C. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Hillister Enterprises II, Inc., Beaumont, Texas; Umphrey II 
Family Limited Partnership, Beaumont, Texas; Southeast Texas 
Bancshares, Inc., Beaumont, Texas; and Texas Community Bancshares of 
Delaware, Inc., Wilmington, Delaware; to acquire 58.64 percent of the 
voting shares of Silsbee Financial Corporation, Silsbee, Texas, and 
thereby indirectly acquire Silsbee Delaware Corporation, Wilmington, 
Delaware, and Silsbee State Bank, Silsbee, Texas.

    Board of Governors of the Federal Reserve System, November 3, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-29407 Filed 11-6-97; 8:45 am]
BILLING CODE 6210-01-F