[Federal Register Volume 63, Number 79 (Friday, April 24, 1998)]
[Notices]
[Page 20410]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-10993]


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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 May 21, 1998.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. The K&Z Company LLC, Brooklyn, New York; to become a bank 
holding company by acquiring at least 51 percent, but no more than 75 
percent, of the voting shares of The First National Bank of Lisbon, 
Rochester, New York.
    B. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Hometown Bancshares, Inc., Middlebourne, West Virginia; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Union Bank of Tyler County, Middlebourne, West Virginia.
    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. Jefferson State Bancorp, Medford, Oregon; to become a bank 
holding company by acquiring 100 percent of the voting shares of Bank 
of Southern Oregon, Medford, Oregon.

    Board of Governors of the Federal Reserve System, April 21, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-10993 Filed 4-23-98; 8:45 am]
BILLING CODE 6210-01-F