[Federal Register Volume 64, Number 102 (Thursday, May 27, 1999)]
[Notices]
[Page 28820]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-13548]


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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 June 21, 1999.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. First National Corporation, Orangeburg, South Carolina; to merge 
with First Bancorporation, Inc., Beaufort, South Carolina, and thereby 
indirectly acquire FirstBank, N.A., Beaufort, South Carolina.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Coconut Grove Bankshares, Inc., Coconut Grove (Miami), Florida; 
to become a bank holding company by acquiring 100 percent of the voting 
shares of Coconut Grove Bank, Coconut Grove (Miami), Florida.
    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. Eggemeyer Advisory Corp., WJR Corp., Castle Creek Capital, LLC, 
all of Rancho Santa Fe, California; to acquire up to 45 percent of the 
voting shares of State National Bancshares, Inc., Lubbock, Texas, and 
thereby indirectly acquire State National Bank of West Texas, Lubbock, 
Texas; United Bank & Trust, Abilene, Texas; Montwood National Bank, El 
Paso, Texas; Continental National Bank, El Paso, Texas; and Sierra 
Bank, Las Cruces, New Mexico.
    2. Castle Creek Capital Partners Fund IIa, LP; Castle Creek Capital 
Partners Fund IIb, LP, all of Rancho Santa Fe, California; to acquire 
up to 34.2 percent of the voting shares of State National Bancshares, 
Inc., Lubbock, Texas, and thereby indirectly acquire State National 
Bank of West Texas, Lubbock, Texas; United Bank & Trust, Abilene, 
Texas; Montwood National Bank, El Paso, Texas; Continental National 
Bank, El Paso, Texas, and Sierra Bank, Las Cruces, New Mexico.

    Board of Governors of the Federal Reserve System, May 24, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-13548 Filed 5-26-99; 8:45 am]
BILLING CODE 6210-01-F