[Federal Register Volume 63, Number 211 (Monday, November 2, 1998)]
[Notices]
[Pages 58739-58740]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-29194]


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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 27, 1998.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. ACNB Corporation, Gettysburg, Pennsylvania; to acquire 100 
percent of, and thereby merge with, Farmers National Bancorp, Inc., 
Newville, Pennsylvania, and thereby indirectly acquire Farmers National 
Bank of Newville, Newville, Pennsylvania.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
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[[Page 58740]]

Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Aliant Financial Corporation, Alexander City, Alabama; to become 
a bank holding company by acquiring 100 percent of the voting shares of 
Aliant National Corporation, Alexander City, Alabama, and thereby 
indirectly acquire Aliant Bank, Alexander City, Alabama.
    2. InSouth Florida, Inc., Naples, Florida; to become a bank holding 
company by acquiring 100 percent of the voting shares of First Western 
Bank, Cooper City, Florida.
    C. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Farmers Bancshares, Inc., Center, Texas; to acquire 100 percent 
of the voting shares of Carthage Bancshares, Inc., Carthage, Texas, and 
thereby indirectly acquire First National Bank, Carthage, Texas.
    D. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. Frontier Financial Corporation, Everett, Washington; to acquire 
up to 9.9 percent of the voting shares of Washington Banking Company, 
Oak Harbor, Washington, and thereby indirectly acquire Whidbey Island 
Bank, Oak Harbor, Washington.

    Board of Governors of the Federal Reserve System, October 27, 
1997.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-29194 Filed 10-30-98; 8:45 am]
BILLING CODE 6210-01-F