[Federal Register Volume 64, Number 26 (Tuesday, February 9, 1999)]
[Notices]
[Page 6361]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-3011]


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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 March 5, 1999.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Chittenden Corporation, Burlington, Vermont; to merge with 
Vermont Financial Services Corp., Brattleboro, Vermont, and thereby 
indirectly acquire Vermont National Bank, Brattleboro, Vermont, and 
United Bank, Greenfield, Massachusetts.
    B. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. The Fuji Bank, Limited, Tokyo, Japan; to acquire more than 50 
percent of the voting shares of Yasuda Trust and Banking Company, Ltd., 
Tokyo, Japan.
    C. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. First National Bancorp, Hamilton, Ohio; to merge with Sand Ridge 
Financial Corporation, Highland, Indiana, and thereby indirectly 
acquire Sand Ridge Bank, Highland, Indiana.
    D. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. ANB Corporation, Muncie, Indiana; to acquire 100 percent of the 
voting shares of Farmers State Bancorp, Union City, Ohio, and thereby 
indirectly acquire Farmers State Bank of Union City, Union City, Ohio.
    E. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Clark County Bancshares, Inc., Wyaconda, Missouri; to acquire 
30.25 percent of the voting shares of Memphis Bancshares, Inc., 
Memphis, Missouri (in organization), and thereby indirectly acquire 
Community Bank of Memphis, Memphis, Missouri (in organization).
    Comments regarding this application must be received not later than 
March 1, 1999.
    F. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, 
Minneapolis, Minnesota 55480-0291:
    1. BW Bancorp, Woodbury, Minnesota; to become a bank holding 
company by acquiring 100 percent of the voting shares of Boundary 
Waters Community Bank, Ely, Minnesota, a de novo bank.
    G. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. First National Agency, Inc., Wayne, Nebraska; to acquire 16.13 
percent of the voting shares of B.W. Bancorp, Woodbury, Minnesota, and 
thereby indirectly acquire voting shares of Boundary Waters Community 
Bank, Ely, Minnesota, a de novo bank (in organization).
    H. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Sam Houston Financial Corp., Huntsville, Texas, and Huntsville 
Holding, Inc., Wilmington, Delaware; to become bank holding companies 
by acquiring 100 percent of the voting shares of The First State Bank, 
Kosse, Texas.

    Board of Governors of the Federal Reserve System, February 3, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-3011 Filed 2-8-99; 8:45 am]
BILLING CODE 6210-01-F