[Federal Register Volume 64, Number 77 (Thursday, April 22, 1999)]
[Notices]
[Page 19782]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-10014]


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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 May 17, 1999.
    A. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. State Financial Services Corporation, Hales Corners, Wisconsin; 
to acquire 100 percent of the voting shares of First Waukegan 
Corporation, Waukegan, Wisconsin, and thereby indirectly acquire Bank 
of Northern Illinois, Waukegan, Illinois.
    B. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Clear Creek Bank Corp., Idaho Springs, Colorado; to acquire 100 
percent of the voting shares of High Desert State Bank, Albuquerque, 
New Mexico.
    2. Peoples Bank & Trust Company, Ryan, Oklahoma; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Peoples Bank & Trust Company, Ryan, Oklahoma.
    C. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. Bank On It, Inc., Stockton, California; to become a bank holding 
company by acquiring 100 percent of the voting shares of Community Bank 
of San Joaquin, Stockton, California (in organization).
    2. Belvedere Capital Partners, Inc., and California Community 
Financial Institutions Fund, L.P., both of San Francisco, California; 
to acquire at least 54.85 percent of the voting shares of Cerritos 
Valley Bancorp, Norwalk, California, and thereby indirectly acquire 
Cerritos Valley Bank, Norwalk, California.
    3. Newco Alaska, Inc., Ketchikan, Alaska; to become a bank holding 
company by acquiring 100 percent of the voting shares of First Bancorp, 
Inc., Ketchikan, Alaska, and thereby indirectly acquire First Bank, 
Ketchikan, Alaska. Comments regarding this application must be received 
not later than May 6, 1999.

    Board of Governors of the Federal Reserve System, April 16, 
1999.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 99-10014 Filed 4-21-99; 8:45 am]
BILLING CODE 6210-01-F