[Federal Register Volume 63, Number 75 (Monday, April 20, 1998)]
[Notices]
[Pages 19493-19494]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-10365]


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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.

[[Page 19494]]

    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 May 15, 1998.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. New England Community Bancorp, Inc., Windsor, Connecticut; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Olde Port Bank & Trust Company, Portsmouth, New Hampshire.
    B. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Dauphin Bancorp, Harrisburg, Pennsylvania; to acquire 39.16 
percent of the voting shares of First National Bank of Liverpool, 
Liverpool, Pennsylvania.
    C. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. ECB Bancorp, Inc., Engelhard, North Carolina; to become a bank 
holding company by acquiring 100 percent of the voting shares of The 
East Carolina Bank, Engelhard, North Carolina.
    D. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. United Community Bancshares, Inc., Gonzales, Louisiana; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of United Community Bank, Gonzales, Louisiana (in organization).
    E. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. InterWest Bancorp, Inc., Oak Harbor, Washington; to acquire 100 
percent of the voting shares of Pacific Northwest Bank, Seattle, 
Washington.
    2. InterWest Bancorp, Inc., Oak Harbor, Washington; to merge with 
Pioneer Bancorp, Inc., Yakima, Washington, and thereby indirectly 
acquire Pioneer National Bank, Yakima, Washington.

    Board of Governors of the Federal Reserve System, April 15, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-10365 Filed 4-17-98; 8:45 am]
BILLING CODE 6210-01-F