[Federal Register Volume 62, Number 217 (Monday, November 10, 1997)]
[Notices]
[Pages 60512-60513]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29643]


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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 5, 1997.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior

[[Page 60513]]

Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. PSB Bancorp, Inc., Philadelphia, Pennsylvania; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Pennsylvania Savings Bank, Philadelphia, Pennsylvania.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Eastern Virginia Bankshares, Inc., Tappahannock, Virginia; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Southside Bank, Tappahannock, Virginia, and Bank of 
Northumberland, Incorporated, Heathsville, Virginia.
    C. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Citizens Bancshares Corporation, Atlanta, Georgia; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
First Southern Bancshares, Inc., Lithonia, Georgia, and thereby 
indirectly acquire First Southern Bank, Lithonia, Georgia.
    D. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. FBOP Corporation, Oak Park, Illinois; to acquire 50 percent of 
the voting shares of P.N.B. Financial Corporation, Chicago, Illinois, 
and thereby indirectly acquire Park National Bank and Trust of Chicago, 
Chicago, Illinois.
    2. First of Waverly Corporation, Waverly, Iowa; to acquire 100 
percent of the voting shares of Schrage, Ltd., Plainfield, Iowa, and 
thereby indirectly acquire Farmers State Bank, Plainfield, Iowa.
    3. Heartland Bancshares, Inc., Lenox, Iowa; to acquire 50 percent 
of the voting shares of Union Bank of Arizona, N.A., Gilbert, Arizona 
(in organization).
    E. 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 Fidelity Bancshares, Inc., Fort Worth, 
Texas, and thereby indirectly acquire Fidelity Bancorporation, Inc., 
Dover, Delaware, and Fidelity Bank & Trust, N.A., Fort Worth, Texas.
    F. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Cullen/Frost Bankers, Inc., San Antonio, Texas, and New 
Galveston Company, Wilmington, Delaware; to merge with Harrisburg 
Bancshares, Inc., Houston, Texas, and thereby indirectly acquire 
Harrisburg Bancshares, Inc., Reno, Nevada, and Harrisburg Bank, 
Houston, Texas.

    Board of Governors of the Federal Reserve System, November 5, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-29643 Filed 11-7-97; 8:45 am]
BILLING CODE 6210-01-F