[Federal Register Volume 63, Number 190 (Thursday, October 1, 1998)]
[Notices]
[Pages 52701-52702]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-26265]


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

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 26, 1998.
    A. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer)

[[Page 52702]]

230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. AmBank Holdings, Inc., Davenport, Iowa; to become a bank holding 
company by merging with AmBank Financial Services, inc., Rock Island, 
Illinois, and thereby acquire American Bank and Trust Company, 
Davenport, Iowa.
    2. Community Bancshares Corp., Indianola, Iowa; to acquire 100 
percent of the voting shares of Fort Des Moines Community Bank, Des 
Moines, Iowa.
    3. St. Charles Financial Corporation, Oak Brook, Illinois; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Commerce Bancorp, Inc., Berkeley, Illinois, and thereby 
indirectly acquire National Bank of Commerce, Berkeley, Illinois.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. OGS Investments, Inc., Ocala, Florida; to become a bank holding 
company by acquiring 100 percent of the voting shares of Florida 
Citizens Bank, Ocala, Florida (in organization).
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Arvest Bank Group, Inc., Bentonville, Arkansas; to acquire an 
additional 50 percent, for a total of 100 percent of the voting shares 
of TRH Bank Group, Inc., Norman, Oklahoma, and thereby indirectly 
acquire The Security National Bank and Trust Company of Norman, Norman, 
Oklahoma, and The Oklahoma National Bank of Duncan, Duncan, Oklahoma.
    2. Area Bancshares Corporation, Owensboro, Kentucky; to merge with 
Peoples Bancorp of Winchester, Inc., Winchester, Kentucky, and thereby 
indirectly acquire Peoples Commercial Bank, Winchester, Kentcuky.

    Board of Governors of the Federal Reserve System, September 25, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-26265 Filed 9-30-98; 8:45 am]
BILLING CODE 6210-01-F