[Federal Register Volume 63, Number 218 (Thursday, November 12, 1998)]
[Notices]
[Page 63318]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-30284]


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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 December 7, 1998.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. BB&T Corporation, Winston-Salem, North Carolina, and BB&T 
Financial Corporation of Virginia, Virginia Beach, Virginia; to merge 
with MainStreet Financial Corporation, Martinsville, Virginia, and 
thereby indirectly acquire Piedmont Trust Bank, Martinsville, Virginia; 
Bank of Carroll, Hillsville, Virginia; Bank of Ferrum, Ferrum, 
Virginia; First Community Bank of Saltville, Saltville, Virginia; The 
First Bank of Stuart, Stuart, Virginia; MainStreet Bank Central 
Virginia, Mechanicsville, Virginia; First National Bank of Clifton 
Forge, Clifton Forge, Virginia; Commerce Bank Corporation, College 
Park, Maryland; Tysons National Bank, McLean, Virginia; and The Bank of 
Northern Virginia, Arlington, Virginia.
    In connection with this application, Applicants have also applied 
to acquire MainStreet Trust Company, N.A., Martinsville, Virginia, and 
thereby engage in trust activities, pursuant to Sec.  225.28(b)(5) of 
Regulation Y.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. First Security Bancorp, Searcy, Arkansas; to acquire 100 percent 
of the voting shares of Baxter County Bancshares, Inc., Mountain Home, 
Arkansas, and thereby indirectly acquire Peoples Bank & Trust Company, 
Mountain Home, Arkansas.

    Board of Governors of the Federal Reserve System, November 6, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-30284 Filed 11-10-98; 8:45 am]
BILLING CODE 6210-01-F