[Federal Register Volume 63, Number 180 (Thursday, September 17, 1998)]
[Notices]
[Page 49695]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-24943]


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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 12, 1998.
    A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Oconee Financial Corporation, Watkinsville, Georgia; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Oconee State Bank, Watkinsville, Georgia.
    B. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, 
Minneapolis, Minnesota 55480-0291:
    1. Northern Star Financial, Inc., Mankato, Minnesota to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Northern Star Bank, Mankato, Minnesota.
    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. California Community Financial Institutions Fund Limited 
Partnership, San Francisco, California; Belvedere Capital Partners, 
Inc., San Francisco, California; and California Financial Bancorp, 
Newport Beach, California; to acquire 100 percent of the voting shares 
of The Bank of Orange County, Fountain Valley, California.
    2. California Community Financial Institutions Fund Limited 
Partnership, San Francisco, California; Belvedere Capital Partners, 
Inc., San Francisco, California; and California Financial Bancorp, 
Newport Beach, California; to merge with Downey Bancorp, Downey, 
California, and thereby indirectly acquire Downey National Bank, 
Downey, California.

    Board of Governors of the Federal Reserve System, September 11, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-24943 Filed 9-16-98; 8:45 am]
BILLING CODE 6210-01-F