[Federal Register Volume 63, Number 228 (Friday, November 27, 1998)]
[Notices]
[Pages 65595-65596]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-31665]


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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.

[[Page 65596]]

    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 21, 1998.
    A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Premier Financial Bancorp, Inc., Georgetown, Kentucky; to merge 
with Mt. Vernon Bancshares, Mount Vernon, Kentucky, and thereby 
indirectly acquire Bank of Mt. Vernon, Mount Vernon, Kentucky.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Altrust Financial Services Employee Stock Ownership Plan, 
Cullman, Alabama; to become a bank holding company by acquiring up to 
45 percent of the voting shares of Altrust Financial Services, Inc., 
Cullman, Alabama, and thereby indirectly acquire The Peoples Bank of 
North Alabama, Cullman, Alabama.
    2. First Bancshares, Inc., Hattiesburg, Mississippi; to acquire 100 
percent of the voting shares of First National Bank of the Pine Belt, 
Laurel, Mississippi.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Citizens First Corporation, Bowling Green, Kentucky; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Citizens First Bank, Inc., Bowling Green, Kentucky (in organization).

    Board of Governors of the Federal Reserve System, November 23, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-31665 Filed 11-25-98; 8:45 am]
BILLING CODE 6210-01-F