[Federal Register Volume 62, Number 239 (Friday, December 12, 1997)]
[Notices]
[Pages 65428-65429]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-32557]
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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 January 8, 1998.
A. Federal Reserve Bank of Boston (Richard Walker, Community
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
[[Page 65429]]
1. Lenox Financial Services Corp., Lenox, Massachusetts; to become
a bank holding company by acquiring 100 percent of the coring shares of
Lenox Savings Bank, Lenox, Massachusetts.
In connection with this application, Applicant also has applied to
acquire Trust Company of the Berkshires, N.A., Pittsfield,
Massachusetts, and thereby engage in trust company activities, pursuant
to Sec. 225.28(b)(5) of the Board's Regulation Y.
B. Federal Reserve Bank of Cleveland (Jeffery Hirsch, Banking
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
1. National City Corporation, Cleveland, Ohio; to merge with First
of America Bank Corporation, Kalamazoo, Michigan, and thereby
indirectly acquire First of America Bank - Michigan, N.A., Kalamazoo,
Michigan, and First of America Bank - Illinois, N.A., Bannockburn,
Illinois.
In connection with this application, Applicant has also applied to
acquire First of America Community Development Corporation, Kalamazoo,
Michigan, and thereby indirectly acquire: (1) SunAmerica Affordable
Housing Partners, Carson City, Nevada, and thereby engage in community
development financing and investment activities, pursuant to Sec.
225.28 (b)(12) of the Board's Regulation Y; (2) First of America
Insurance Company, Kalamazoo, Michigan, and thereby engage in credit
life and disability insurance activities, pursuant to Sec. 225.28
(b)(11) of the Board's Regulation Y; (3) First of America Securities,
Inc., Kalamzoo, Michigan, and thereby engage in discount and full
service brokerage activities through agency transactional services for
consumer investments, pursuant to Sec. 225.28 (b)(7) of the Board's
Regulation Y; investment transactions as principal, pursuant to Sec.
225.28(b)(8) of the Board's Regulation Y; financial and investment
advisory activities, pursuant to Sec. 225.28(b)(6) of the Board's
Regulation Y; extending credit and servicing loans, pursuant to Sec.
225.28(b)(1) of the Board's Regulation Y; and in underwriting and
dealing to a limited extent, in all types of debt and equity
securities, (see Citicorp, et al., 73 Fed. Res. Bull. 473 (1987) (1987
Section 20 Order) as modified, and First of America Bank Corporation,
80 Fed. Res. Bull. 1120 (1994); and (4) First of America Trust Company,
Peoria, Illinois, and thereby indirectly acquire New England Trust
Company, Providence, Rhode Island, and thereby engage in trust
activities and financial and investment advisory activities, pursuant
to Secs. 225.28 (b)(5) and (b)(6) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, December 9,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-32557 Filed 12-11-97; 8:45 am]
BILLING CODE 6210-01-F