[Federal Register Volume 62, Number 250 (Wednesday, December 31, 1997)]
[Notices]
[Pages 68290-68291]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-34092]


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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 26, 1998.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. The Independent Mutual Holding Company, Laconia, New Hampshire; 
to become a bank holding company by acquiring 100 percent of the voting 
shares of Laconia Savings Bank, Laconia, New Hampshire.
    2. West Coast Bancorp, Lake Oswego, Oregon; to merge with 
Centennial Holdings, Ltd., Olympia, Washington, and thereby indirectly 
acquire Centennial Bank, Olympia, Washington.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. First American Corporation, Nashville, Tennessee; to merge with 
Deposit Guaranty Corporation, Jackson, Mississippi, and thereby 
indirectly acquire Deposit Guaranty National Bank, Jackson, 
Mississippi.
    In connection with this application, Applicant also has applied to 
acquire G&W Life Insurance Company, Jackson, Mississippi, and Deposit 
Guaranty Mortgage Company of Florida, Inc., Tallahassee, Florida, and 
thereby engage in extending credit and servicing loans and credit 
insurance activities, pursuant to Secs.  225.28(b)(1) and (b)(11) of 
the Board's Regulation Y.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Gold Banc Acquisition Corp, Inc. II, Leawood, Kansas; to become 
a bank holding company by acquiring 100 percent of the voting shares of 
Farmers Bancshares of Oberlin, Inc., Oberlin, Kansas, and thereby 
indirectly acquire Farmers National Bank, Oberlin, Kansas.
    D. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Texas Regional Bancshares, Inc., McAllen, Texas, and Texas 
Regional Delaware, Inc., Wilmington, Delaware (Applicants); to merge 
with Brownsville Bancshares, Inc., Brownsville, Texas, and thereby 
indirectly acquire BNB Bancshares, Inc., Wilmington, Delaware, and 
Brownsville National Bank, Brownsville, Texas.
    In connection with this application, Applicants also have applied 
to merge with TB&T Bancshares, Inc., Brownsville, Texas, and thereby 
indirectly acquire Texas Bank & Trust Company, Brownsville, Texas.
    In addition, Applicants have applied to merge with Raymondville 
Bancorp,

[[Page 68291]]

Inc., Raymondville, Texas, and thereby indirectly acquire Bank of 
Texas, Raymondville, Texas.
    E. Federal Reserve Bank of San Francisco (Pat Marshall, Manager of 
Analytical Support, Consumer Regulation Group) 101 Market Street, San 
Francisco, California 94105-1579:
    1. South Valley Bancorp, Inc., Klamath Falls, Oregon; to become a 
bank holding company by acquiring 80 percent of the voting shares of 
South Valley Bank & Trust, Klamath Falls, Oregon.

    Board of Governors of the Federal Reserve System, December 24, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-34092 Filed 12-30-97; 8:45 am]
BILLING CODE 6210-01-F