[Federal Register Volume 63, Number 124 (Monday, June 29, 1998)]
[Notices]
[Page 35230]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17206]


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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 July 23, 1998.
    A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Citizens Bancshares, Inc., Salineville, Ohio; to merge with Mid 
Am, Inc., Bowling Green, Ohio, and thereby indirectly acquire Adrian 
State Bank, Adrian, Michigan; American Community Bank, N.A., Lima, 
Ohio; Amerifirst Bank, N.A., Xenia, Ohio; First National Bank of 
Northwestern Ohio, Bryan, Ohio; Mid American National Bank and Trust 
Company, Toledo, Ohio; and Northside Deposit Bank, Pittsburgh, 
Pennsylvania.
    In connection with this application, Citizens Bancshares also has 
applied to acquire MFI Investments Corp, Bryan, Ohio; Mid Am Recovery 
Services, Inc., Clearwater, Florida; Mid Am Credit Corp, Columbus, 
Ohio; Mid Am Financial Services, Inc., Carmel, Indiana; and Mid Am 
Private Trust, N.S., Cincinnati, Ohio, and thereby engage directly in 
permissible broker/dealer securities activities pursuant to Secs.  
225.28(b)(7) and 225.28(b)(8) of Regulation Y; permissible collection 
agency activities pursuant to Sec.  225.28(b)(2)(iv) of Regulation Y; 
permissible lending and leasing activities pursuant to Secs.  
225.28(b)(1) and 225.28(b)(3) of Regulation Y; permissible consumer 
finance, lending, and loan servicing activities pursuant to Sec.  
225.28(b)(1) of Regulation Y; and permissible trust company functions 
pursuant to Sec.  225.28(b)(5) of Regulation Y.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Mercantile Bancorporation Inc., St. Louis, Missouri; and its 
wholly owned subsidiary, Ameribanc, Inc., St. Louis, Missouri, to 
acquire 100 percent of the voting shares and merge with First Financial 
Bancorporation, Iowa City, Iowa, and thereby indirectly acquire First 
National Bank Iowa, Iowa City, Iowa.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. BancFirst Corporation, Oklahoma City, Oklahoma; to acquire 100 
percent of the voting shares of AmQuest Financial Corporation, Duncan, 
Oklahoma, and thereby indirectly acquire AmQuest Bank, N.A., Lawton, 
Oklahoma, and Exchange National Bank and Trust Company, Ardmore, 
Oklahoma.
    D. Federal Reserve Bank of Dallas (W. Arthur Tribble, President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Violeta Investments, Ltd., Hebbronville, Texas; to become a bank 
holding company by acquiring 9.18 percent of the voting shares of 
Hebbronville State Bank, Hebbronville, Texas.

    Board of Governors of the Federal Reserve System, June 23, 1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-17206 Filed 6-26-98; 8:45 am]
BILLING CODE 6210-01-F