[Federal Register Volume 63, Number 55 (Monday, March 23, 1998)]
[Notices]
[Page 13857]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-7364]


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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 April 16, 1998.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Anson Bancorp, Inc., Wadesboro, North Carolina; to become a bank 
holding company by acquiring 100 percent of the voting shares of Anson 
Savings Bank, SSB, Wadesboro, North Carolina.
    2. BB&T Corporation, Winston-Salem, North Carolina; and BB&T 
Financial Corporation of Virginia, Virginia Beach, Virginia; to acquire 
100 percent of the voting shares of Franklin Bancorporation, Inc., 
Washington, D.C., and thereby indirectly acquire Franklin National Bank 
of Washington, D.C., Washington, D.C.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Capitol Bancorp, Ltd., Lansing, Michigan; and Sun Community 
Bancorp Limited, Phoenix, Arizona; to acquire 51 percent of the voting 
shares of Southern Arizona Community Bank, Tuscon, Arizona, a de novo 
bank, and Biltmore Community Bank, Phoenix, Arizona, a de novo bank.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. CountryBanc Holding Company, Edmond, Oklahoma; to acquire 99.4 
percent of the voting shares of Home State Bank, Hobart, Oklahoma.
    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. Greater Bay Bancorp, Palo Alto, California; to merge with 
Pacific Rim Bancorporation, San Francisco, California, and thereby 
indirectly acquire Golden Gate Bank, San Francisco, California.

    Board of Governors of the Federal Reserve System, March 17, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-7364 Filed 3-20-98; 8:45 am]
BILLING CODE 6210-01-F