[Federal Register Volume 63, Number 178 (Tuesday, September 15, 1998)]
[Notices]
[Pages 49357-49358]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-24718]


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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 October 9, 1998.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Peoples Heritage Financial Group, Inc., Portland, Maine; to 
merge with SIS Bancorp, Inc., Springfield, Massachusetts, and thereby 
indirectly acquire Springfield Institution for Savings, Springfield, 
Massachusetts, and Glastonbury Bank & Trust Company, Glastonbury, 
Connecticut.
    B. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. London Financial Corporation, London, Ohio; to become a bank 
holding company by acquiring 100 percent of the voting shares of The 
Citizens Loan & Savings Company, London, Ohio, which will convert to a 
commercial bank and operate as The Citizens Bank of London, London, 
Ohio.
    C. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer)

[[Page 49358]]

230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Century Bancshares, Inc., Schaller, Iowa; to become a bank 
holding company by acquiring 80 percent of the voting shares of State 
Bank of Schaller, Schaller, Iowa.

    Board of Governors of the Federal Reserve System, September 10, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-24718 Filed 9-14-98; 8:45 am]
BILLING CODE 6210-01-F