[Federal Register Volume 63, Number 3 (Tuesday, January 6, 1998)]
[Notices]
[Pages 563-564]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-236]


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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 30, 1998.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Carrollton Bancorp, Baltimore, Maryland; to acquire 9 percent of 
the voting shares of Patapsco Valley Bancshares, Inc., Ellicott City, 
Maryland, and thereby indirectly acquire Commercial & Farmers Bank, 
Ellicott City, Maryland.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. CNB Bancshares, Inc., Evansville, Indiana; to acquire 100 
percent of the voting shares of Pinnacle Financial Services, Inc., St. 
Joseph, Michigan, and thereby indirectly acquire Pinnacle Bank, St. 
Joseph, Michigan.
    In connection with this application, Applicant also has applied to 
acquire Pinnacle Financial Consultants, Inc., Valparaiso, Indiana, and 
thereby engage in financial and investment advisory services, pursuant 
to Sec.  225.28(b)(6) of the Board's Regulation Y, and in securities 
brokerage services and riskless principal transactions, pursuant to 
Sec.  225.28(b)(7) of the Board's Regulation Y; IndFed Mortgage 
Company, Valparaiso, Indiana, and thereby engage in community 
development activities and providing advice in connection with 
financing transactions, pursuant to Secs.  225.28(b)(12) and 
(b)(6)(iii) of the Board's Regulation Y; Forrest Holdings, Inc., Lisle, 
Illinois and its wholly owned subsidiary, Forrest Financial 
Corporation, Lisle, Illinois, and thereby engage in leasing activities, 
pursuant to Sec.  225.28(b)(3)(i) and (ii) of the Board's Regulation Y, 
and securities brokerage activities, pursuant to Sec.  225.28(b)(7) of 
the Board's Regulation Y.


[[Page 564]]


    Board of Governors of the Federal Reserve System, December 31, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-236 Filed 1-5-98; 8:45 am]
BILLING CODE 6210-01-F