[Federal Register Volume 63, Number 208 (Wednesday, October 28, 1998)]
[Notices]
[Page 57695]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-28899]


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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 23, 1998.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Mason-Dixon Bancshares, Inc., Westminster, Maryland; to merge 
with Sterling Bancorp, Baltimore, Maryland, and thereby indirectly 
acquire Sterling Bank & Trust Co., Baltimore, Maryland.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Freedom Holdings, L.C., West Des Moines, Iowa; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Freedom Financial Bank, West Des Moines, Iowa.
    2. First American Credit Corporation, Jewell, Iowa; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Freedom Holdings, L.C., West Des Moines, Iowa, and thereby indirectly 
acquire Freedom Financial Bank, West Des Moines, Iowa.
    3. First American Bank Group, Ltd., Fort Dodge, Iowa; to acquire 
100 percent of the voting shares of First American Credit Corporation, 
Jewell, Iowa, and thereby indirectly acquire Freedom Holdings, L.C., 
West Des Moines, Iowa, and Freedom Financial Bank, West Des Moines, 
Iowa.

    Board of Governors of the Federal Reserve System, October 23, 
1998.
Barbara R. Lowrey,
Associate Secretary of the Board.
[FR Doc. 98-28899 Filed 10-27-98; 8:45 am]
BILLING CODE 6210-01-F