[Federal Register Volume 63, Number 27 (Tuesday, February 10, 1998)]
[Notices]
[Page 6760]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-3214]


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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 March 6, 1998.
    A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Flag Financial Corporation, LaGrange, Georgia; to become a bank 
holding company by acquiring 100 percent of the voting shares of Middle 
Georgia Bankshare, Inc., Unadilla, Georgia, and thereby indirectly 
acquire Citizens Bank, Vienna, Georgia.
    In connection with this application, Applicant has also applied to 
acquire First Federal Savings Bank of LaGrange, LaGrange, Georgia, and 
thereby indirectly continue to engage in operating a thrift savings 
association, pursuant to Sec.  225.28(b)(4)(ii) of the Board's 
Regulation Y.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Chambers Bancshares Inc., Danville, Arkansas; to acquire 100 
percent of the voting shares of Community Investment, Inc., Elkins, 
Arkansas, and thereby indirectly acquire Bank of Elkins, Elkins, 
Arkansas.
    2. Union Planters Corporation, Memphis, Tennessee, and its 
subsidiary, Union Planters Holding Corporation, Memphis, Tennessee; to 
acquire 100 percent of the voting shares of First National Bancshares 
of Wetumpka, Inc., Wetumpka, Alabama, and thereby indirectly acquire 
First National Bank, Wetumpka, Alabama.
    C. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Shamrock Bancshares, Inc., Shamrock, Texas, and Shamrock 
Delaware Financial, Inc., Dover, Delaware; to become bank holding 
companies by acquiring 100 percent of the voting shares of The First 
National Bank of Shamrock, Shamrock, Texas.
    D. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. Zions Bancorporation, Salt Lake City, Utah; to merge with FP 
Bancorp, Inc., Escondido, California, and thereby indirectly acquire 
First Pacific National Bank, Escondido, California.

    Board of Governors of the Federal Reserve System, February 4, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-3214 Filed 2-9-98; 8:45 am]
BILLING CODE 6210-01-F