[Federal Register Volume 63, Number 46 (Tuesday, March 10, 1998)]
[Notices]
[Pages 11681-11682]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-6104]


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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

[[Page 11682]]

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 April 3, 1998.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Citizens & Northern Corporpation, Wellsboro, Pennsylvania; to 
acquire 10 percent of the voting shares of First National Bank of 
Canton, Canton, Pennsylvania.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. America's First Bancorp, Inc., Washington, D.C.; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
America's First Bank, N.A., Washington, D.C. (in organization).
    C. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. State of Franklin Bancshares, Inc., Johnson City, Tennessee; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of State of Franklin Savings Bank, Johnson City, Tennessee.

    Board of Governors of the Federal Reserve System, March 5, 1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-6104 Filed 3-9-98; 8:45 am]
BILLING CODE 6210-01-F