[Federal Register Volume 63, Number 81 (Tuesday, April 28, 1998)]
[Notices]
[Page 23288]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11191]


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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 22, 1998.
    A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Star Banc Corporation, Cincinnati, Ohio; to acquire 100 percent 
of the voting shares of Trans Financial, Inc., Bowling Green, Kentucky, 
and thereby indirectly acquire Trans Financial Bank, NA, Bowling Green, 
Kentucky, and Trans Financial Bank Tennessee, NA, Nashville, Tennessee.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Community Bankshares, Inc., Orangeburg, South Carolina; to 
acquire 100 percent of the voting shares of Florence National Bank, 
Florence, South Carolina (in organization).
    C. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 
55480-0291:
    1. Avon State Bank Employee Stock Ownership Plan, Avon, Minnesota; 
to acquire 36.1 percent of the votings shares of Avon Bancshares, Inc., 
Avon, Minnesota, and thereby indirectly acquire Avon State Bank, Avon, 
Minnsota.
    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. Heritage Financial Corporation, Olympia, Washington; to merge 
with North Pacific Bancorporation, Tacoma, Washington, and thereby 
indirectly acquire North Pacific Bank, Tacoma, Washington.

    Board of Governors of the Federal Reserve System, April 22, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-11191 Filed 4-27-98; 8:45 am]
BILLING CODE 6210-01-F