[Federal Register Volume 63, Number 32 (Wednesday, February 18, 1998)]
[Notices]
[Page 8203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-3950]


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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 13, 1998.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Union Planters Corporation, Memphis, Tennessee; to acquire 100 
percent of the voting shares of Merchants Bancshares, Inc., Houston, 
Texas, and thereby indirectly acquire Gulf Southwest Nevada Bancorp, 
Inc., Houston, Texas, and Merchants Bank, Houston, Texas.
    In connection with this application, Applicant also has applied to 
acquire Funds Management Group, Inc., Houston, Texas, and thereby 
engage in financial and investment advisory activities, pursuant to 
Sec.  225.28(b)(6) of the Board's Regulation Y, and to engage in agency 
transactional services for customer investments, pursuant to Sec.  
225.28(b)(7) of the Board's Regulation Y. These activities will be 
conducted throughout the State of Texas.
    2. Union Planters Corporation, Memphis, Tennessee; to acquire 100 
percent of the voting shares of Peoples First Corporation, Paducah, 
Kentucky, and thereby indirectly acquire Peoples National Bank & Trust 
Company, Paducah, Kentucky.
    B. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Morrill Bancshares, Inc., Sabetha, Kansas; to acquire 47.71 
percent of the voting shares of Century Acquisition Corporation, Hurst, 
Texas, and thereby indirectly acquire City National Bank, Kilgore, 
Texas.
    C. 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, and Val Cor 
Bancorporation, Inc., Cortez, Colorado; to merge with SBT Bancshares, 
Inc., Colorado Springs, Colorado, and thereby indirectly acquire State 
Bank and Trust of Colorado Springs, Colorado Springs, Colorado.
    In connection with this application, Applicants have also applied 
to acquire SBT Mortgage, LLC, Colorado Springs, Colorado, and thereby 
engage in mortgage lending activities, pursuant to Sec.  225.28(b)(1) 
of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, February 11, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-3950 Filed 2-17-98; 8:45 am]
BILLING CODE 6210-01-F