[Federal Register Volume 62, Number 235 (Monday, December 8, 1997)] [Notices] [Pages 64589-64590] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 97-32055] ----------------------------------------------------------------------- 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 January 2, 1998. A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior Vice President) 33 Liberty Street, New York, New York 10045-0001: 1. First Empire State Corporation, and Olympia Financial Corp., both of Buffalo, New York; to acquire up to 19.9 percent of the voting shares of OnBancorp, Inc., Syracuse, New York, and thereby indirectly acquire OnBank & Trust Co., Syracuse, New York. Olympia Financial Corp., also has applied to become a bank holding company and to acquire Manufactures and Traders Trust Company, Buffalo, New York. In connection with these applications, Applicants also have applied to acquire Franklyn First Savings Bank, Wilkes-Barre, Pennsylvania, and thereby engage in operating a savings association, pursuant to Sec. 225.28(b)(4)(ii) of the Board's Regulation Y. B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713: 1. Firstrust Corporation, New Orleans, Louisiana; to acquire 86.39 percent of the voting shares of Peoples Bank of Louisiana, Amite, Louisiana. C. Federal Reserve Bank of Chicago (Philip Jackson, Applications Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413: 1. Gifford Bancorp, Inc. Employee Stock Ownership Plan, Gifford, Illinois; to acquire 48.8 percent of the voting shares of Gifford Bancorp, Inc., Gifford, Illinois, and thereby indirectly acquire Gifford State Bank, Gifford, Illinois. D. Federal Reserve Bank of San Francisco (Pat Marshall, Manager of Analytical Support, Consumer [[Page 64590]] Regulation Group) 101 Market Street, San Francisco, California 94105- 1579: 1. First Security Corporation, Salt Lake City, Utah; to merge with Rio Grande Bancshares, Inc., Las Cruces, New Mexico, and thereby indirectly acquire First National Bank of Dona Ana County, Las Cruces, New Mexico, and First National Bank of Chaves County, Roswell, New Mexico. Board of Governors of the Federal Reserve System, December 3, 1997. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 97-32055 Filed 12-5-97; 8:45 am] BILLING CODE 6210-01-F