[Federal Register Volume 63, Number 202 (Tuesday, October 20, 1998)]
[Notices]
[Pages 56033-56034]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-28023]
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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 November 12, 1998.
A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
1. FirstMerit Corporation, Akron, Ohio; to acquire 100 percent of
the voting shares of Signal Corp., Wooster, Ohio, and thereby
indirectly acquire Signal Bank, N.A., Wooster, Ohio; Summit Bank, N.A.,
Akron, Ohio; and NC Interim National Bank, Wooster, Ohio (in formation,
successor to First Federal Savings Bank, New Castle, Pennsylvania).
In connection with this application, applicant also has applied to
acquire First Federal Savings Bank of New Castle, New Castle,
Pennsylvania, and thereby engage in permissible savings association
activities, pursuant to Sec. 225.28(b)(4)(ii) of Regulation Y; Mobile
Consultants, Inc., Alliance, Ohio, and thereby engage in brokering
manufactured home loans to and on behalf of financial institutions and
provides collection and recovery services on such loans, pursuant to
Sec. 225.28(b)(1) and (b)(2) of Regulation Y; and Summit Banc
Investments Corp., Fairlawn, Ohio (a registered broker-dealer with
NASD), and thereby engage in acting as an investment advisor, pursuant
to Sec. 225.28(b)(6) of Regulation Y.
2. Salt Lick Bancorp, Inc., Salt Lick, Kentucky; to become a bank
holding company by acquiring 100 percent of the voting shares of Salt
Lick Deposit Bank, Salt Lick, Kentucky.
B. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen,
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291,
Minneapolis, Minnesota 55480-0291:
1. Citizens Bancorporation of New Ulm, Inc., New Ulm, Minnesota; to
acquire at least 80 percent of the voting shares of State Bank of La
Salle (Incorporated), La Salle, Minnesota.
2. Palmer Bancshares, Inc., Kasson, Minnesota; to become a bank
holding company by acquiring 100 percent of the voting shares of Kasson
State Bank, Kasson, Minnesota.
C. Federal Reserve Bank of Kansas City (D. Michael Manies,
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri
64198-0001:
1. First Express of Nebraska, Inc., Gering, Nebraska; to acquire
Wauneta Falls Bancorp, Inc., Wauneta, Nebraska; and thereby indirectly
acquire Wauneta Falls Bank, N.A., Wauneta, Nebraska, and Ogallala
National Bank, Ogallala, Nebraska.
2. First National Bancshares, ESOP and 401K, Goodland, Kansas; to
acquire
[[Page 56034]]
up to 50.1 percent of the voting shares of First National Bancshares,
Inc., Goodland, Kansas; and thereby indirectly acquire First National
Bank, Goodland, Kansas.
Board of Governors of the Federal Reserve System, October 13,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-28023 Filed 10-19-98; 8:45 am]
BILLING CODE 6210-01-F