[Federal Register Volume 63, Number 86 (Tuesday, May 5, 1998)]
[Notices]
[Page 24810]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11807]


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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 28, 1998.
    A. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 
55480-0291:
    1. FMB Bankshares, Inc., Madison, South Dakota; to merge with 
Canton Bancshares, Inc., Canton, South Dakota, and thereby indirectly 
acquire First American Bank, Canton, South Dakota.
    In connection with this application, Applicant has also applied to 
acquire Fairview Insurance Agency, Canton, South Dakota; and thereby 
engage in general insurance activities in a place where the the bank 
holding company or a subsidiary of the bank holding company has a 
lending office and that has a population not exceeding 5,000, pursuant 
to Sec.  225.28(b)(11)(iii)(A) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, April 29, 
1998.
William W. Wiles,
Secretary of the Board.
[FR Doc. 98-11807 Filed 5-4-98; 8:45 am]
BILLING CODE 6210-01-F