[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