[Federal Register Volume 62, Number 220 (Friday, November 14, 1997)]
[Notices]
[Page 61126]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29909]


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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 8, 1997.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Mystic Financial, Inc., Medford, Massachusetts; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Medford Co-operative Bank, Medford, Massachusetts.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Hometown Bancorp, Ltd., Fond du Lac, Wisconsin; to become a bank 
holding company by acquiring 100 percent of the voting shares of St. 
Cloud Bancshares, Inc., St. Cloud, Wisconsin, and thereby indirectly 
acquire State Bank of St. Cloud, St. Cloud, Wisconsin.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. First Western Bancshares Employee Stock Ownership Trust, 
Booneville, Arkansas; to become a bank holding company by acquiring at 
least 30.4 percent of the voting shares of First Western Bancshares, 
Inc., Booneville, Arkansas, and thereby indirectly acquire Citizens 
Bank, Booneville, Arkansas.
    D. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
    1. GEBSCO, Inc., Cochrane, Wisconsin; to merge with Firstmondovi, 
Inc., Mondovi, Wisconsin, and thereby indirectly acquire Bank of 
Mondovi, Mondovi, Wisconsin.
    E. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. State National Bancshares, Inc., Lubbock, Texas; to acquire 100 
percent of the voting shares of First Sierra, Bancshares, Inc., Truth 
or Consequences, New Mexico, and thereby indirectly acquire Sierra 
Bank, Las Cruces, New Mexico.
    2. State National Bancshares, Inc., Lubbock, Texas, and State 
National Bancshares of Delaware, Inc., Dover, Delaware; to acquire 100 
percent of the voting shares of First National Bank of Denver City, 
Denver City, Texas.
    F. Federal Reserve Bank of San Francisco (Pat Marshall, Manager of 
Analytical Support, Consumer Regulation Group) 101 Market Street, San 
Francisco, California 94105-1579:
    1. VIB Corp., El Centro, California; to become a bank holding 
company by acquiring 100 percent of the voting shares of Valley 
Independent Bank, El Centro, California.

    Board of Governors of the Federal Reserve System, November 7, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-29909 Filed 11-13-97; 8:45 am]
BILLING CODE 6210-01-F