[Federal Register Volume 63, Number 184 (Wednesday, September 23, 1998)]
[Notices]
[Pages 50912-50913]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25350]


-----------------------------------------------------------------------

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

[[Page 50913]]

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 16, 1998.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Banknorth Group, Burlington, Vermont; to acquire at least 19.9 
percent and up to 100 percent of the voting shares of Evergreen 
Bancorp, Inc., Glens Falls, New York, and thereby indirectly acquire 
Evergreen Bank, N.A., Glens Falls, New York.
    B. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. First Commonwealth Financial Corporation, Indiana, Pennsylvania; 
to merge with Southwest National Corporation, Greensburg, Pennsylvania, 
and thereby indirectly acquire Southwest National Bank of Pennsylvania, 
Greensburg, Pennsylvania.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Albion National Management Co., Inc., Albion, Nebraska; to 
acquire 16.87 percent of the voting shares of Sutton Agency, Sutton, 
Nebraska; and indirectly acquire City State Bank, Sutton, Nebraska.
    2. First York Ban Corp., York, Nebraska; to acquire 70 percent of 
Sutton Agency, Sutton; Nebraska and thereby indirectly acquire City 
State Bank, Sutton, Nebraska.
    3. Ottawa Bancshares, Inc., Ottawa, Kansas; to merge with First 
State Management Corporation, Inc., Salina, Kansas, and thereby 
indirectly acquire First Bank Kansas, Salina, Kansas.

    Board of Governors of the Federal Reserve System, September 17, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-25350 Filed 9-22-98; 8:45 am]
BILLING CODE 6210-01-F