[Federal Register Volume 63, Number 57 (Wednesday, March 25, 1998)]
[Notices]
[Pages 14464-14465]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-7807]


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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 20, 1998.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Interchange Financial Services Corporation, Saddle Brook, New 
Jersey; to acquire 100 percent of the voting shares of The Jersey Bank 
for Savings, Montvale, New Jersey.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Regions Financial Corporation, Birmingham, Alabama; to merge 
with First Commercial Corporation, Little Rock, Arkansas, and thereby 
indirectly acquire First Commercial Bank, N.A., Little Rock, Arkansas; 
Morrilton Security Bank, N.A., Morrilton, Arkansas; First National Bank 
of Russellville, Russellville, Arkansas; First National Bank of Conway, 
Conway, Arkansas; First Commercial Bank of Memphis, N.A., Memphis, 
Tennessee; The Security Bank, Harrison, Arkansas; Benton State Bank, 
Benton, Arkansas; Arkansas Bank and Trust Company, Hot Springs, 
Arkansas; Farmers and Merchants Bank, Rogers, Arkansas; Clinton State 
Bank, Clinton, Arkansas; Tyler Bank and Trust, N.A., Tyler, Texas; 
Lufkin National Bank, Lufkin, Texas; Longview National Bank, Longview, 
Texas; Stone Fort National Bank of Nacogdoches, Nacogdoches, Texas; 
State First National Bank,

[[Page 14465]]

Texarkana, Texas; State First National Bank, Texarkana, Arkansas; 
Kilgore First National Bank, Kilgore, Texas; First National Bank of 
Palestine, Palestine, Texas; First National Bank of Nashville, 
Nashville, Arkansas; Citizens First Bank, El Dorado, Arkansas; Citizens 
First Bank, Fordyce, Arkansas; Citizens First Bank, Arkadelphia, 
Arkansas; Arkansas State Bank, Clarksville, Arkansas; First National 
Bank of Searcy, Searcy, Arkansas; First Bank of Arkansas, Jonesboro, 
Arkansas; Springhill Bancshares, Inc., Springhill, Louisiana, and its 
subsidiary, Springhill Bank and Trust Company, Springhill, Louisiana; 
and TRH Bank Group, Inc., Norman, Oklahoma, and its subsidiary, 
Security National Bank & Trust Company, Norman, Oklahoma, and Oklahoma 
National Bank of Duncan, Duncan, Oklahoma.
    In connection with this application, Applicant has also applied to 
acquire First Commercial Mortgage Company, N.A., Little Rock, Arkansas, 
and thereby engage in making and servicing loans, pursuant to Sec.  
225.28(b)(1) of the Board's Regulation Y.
    In addition Applicant has also applied to acquire First Commercial 
Trust Company, N.A., Little Rock, Arkansas, and thereby engage in trust 
department functions and related investment advisory activities, 
pursuant to Secs.  225.28(b)(5) and 225.28(b)(6) of the Board's 
Regulation Y.
    C. 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, and its second 
tier subsidiary, Union Planters Holding Corporation, Memphis, 
Tennessee; to acquire 100 percent of the voting shares of and thereby 
merge with Magna Group, Inc., St. Louis, Missouri, and thereby 
indirectly acquire HBC Acquisition Sub, Inc., St. Louis, Missouri, and 
Magna Bank, National Association, St. Louis, Missouri.
    In connection with this application, Applicants have also applied 
to acquire Magna Group, Inc., St. Louis, Missouri, and thereby 
indirectly acquire Charter Bank, S.B., Sparta, Illinois, and thereby 
engage in the operation of a thrift, pursuant to Sec.  225.28(b)(4)(ii) 
of the Board's Regulation Y.
    D. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 
55480-0291:
    1. Norwest Corporation, Minneapolis, Minnesota; to acquire 100 
percent of the voting shares of First Bank of Grants, Grants, New 
Mexico.
    E. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Giltner Investment Partnership II, Ltd., Omaha, Nebraska, a de 
novo bank; to become a bank holding company by acquiring 60 percent of 
the voting shares of The Avoca Company, Omaha, Nebraska, and thereby 
indirectly acquire The Farmers State Bank of Nebraska, Bennet, 
Nebraska.
    F. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. Home Valley Bancorp, Cave Junction, Oregon; to become a bank 
holding company by acquiring 100 percent of the voting shares of Home 
Valley Bank, Cave Junction, Oregon.

    Board of Governors of the Federal Reserve System, March 20, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-7807 Filed 3-24-98; 8:45 am]
BILLING CODE 6210-01-F