[Federal Register Volume 64, Number 167 (Monday, August 30, 1999)]
[Notices]
[Pages 47191-47192]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-22471]


-----------------------------------------------------------------------

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 (12 U.S.C. 1843). 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 September 24, 1999.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. The Royal Bank of Scotland Group plc, The Royal Bank of Scotland 
plc, and RBSG International Holdings Limited, all of Edinburgh, 
Scotland; to become bank holding companies by acquiring 100 percent of 
the voting shares of Citizens Financial Group, Providence, Rhode 
Island, and thereby indirectly acquire Citizens Bank Rhode Island, 
Providence, Rhode Island, Citizens Bank of Massachusetts, Boston, 
Massachusetts, Citizens Bank New Hampshire, Manchester, New Hampshire, 
and Citizens Bank of Connecticut, New London, Connecticut.
    In connection with this application, RBSG International Holdings 
Limited, Edinburgh, Scotland, has also applied to acquire Citizens 
Capital, Inc., Boston, Massachusetts, and thereby engage in mezzanine 
financing, pursuant to Sec.  225.28(b)(1) of Regulation Y, and NYCE 
Corporation, Woodcliff Lake, New Jersey, and thereby engage in data 
processing and check verification services, pursuant to Secs.  
225.28(b)(14) and (b)(2) of Regulation Y, respectively.
    B. Federal Reserve Bank of Atlanta (Cynthia Goodwin, Vice 
President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Synovus Financial Corp., Columbus, Georgia; to merge with 
Horizon Bancshares, Inc., Pensacola, Florida, and thereby indirectly 
acquire Horizon Bank of Florida, Pensacola, Florida.
    C. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Citizens Banking Corporation, Flint, Michigan; to acquire 100 
percent of the voting shares of F & M Bancorporation, Inc., Kaukauna, 
Wisconsin, and thereby indirectly

[[Page 47192]]

acquire F&M Northeast, Pulaski, Wisconsin; F&M Kaukauna, Kaukauna, 
Wisconsin; F&M Lakeland, Woodruff, Wisconsin; F&M Waushara County, 
Wautoma, Wisconsin; F&M Winnebago County, Omro, Wisconsin; F&M East 
Troy, East Troy, Wisconsin; F&M Portage County, Stevens Point, 
Wisconsin; F&M Appleton, Appleton, Wisconsin; F&M Fennimore, Fennimore, 
Wisconsin; F&M Kiel, Kiel, Wisconsin; F&M Brodhead, Brodhead, 
Wisconsin; F&M Jefferson, Jefferson, Wisconsin; F&M New London, New 
London, Wisconsin; F&M Hilbert, Hilbert, Wisconsin; F&M Algoma, Algoma, 
Wisconsin; F&M Superior, Superior, Wisconsin; F&M Prairie du Chien, 
Prairie du Chien, Wisconsin; F&M Darlington, Darlington, Wisconsin; F&M 
Landmark, Hudson, Wisconsin; F&M Dundas, Dundas, Minnesota; F&M Iowa 
Central, Marshaltown, Iowa; F&M Story City, Story City, Iowa; F&M South 
Central, Grinnell, Iowa; and F&M Bank Elkhorn, Elkhorn, Wisconsin.
    In connection with this application, Applicant has also applied to 
acquire F & M Trust Company, Kaukauna, Wisconsin, and thereby engage in 
trust company functions, pursuant to Sec.  225.28(b)(5) of Regulation 
Y.
    D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Lea M. McMullan Trust, Lea M. McMullan, Trustee (as managing 
general partner for the target partnership), Shelbyville, Kentucky; to 
become a bank holding company by acquiring 35.81 percent of the voting 
shares of L.B.S. McMullan Limited Partnership, Shelbyville, Kentucky, 
and thereby indirectly acquire Citizens Union Bancorp of Shelbyville, 
Inc., Shelbyville, Kentucky, Citizens Union Bank of Shelbyville, 
Shelbyville, Kentucky, and First Farmers Bank & Trust Company, Warsaw, 
Kentucky.
    E. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Parkway National Bancshares, Inc., Plano, Texas; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Parkway Bank, N.A., Plano, Texas.

    Board of Governors of the Federal Reserve System, August 25, 
1999.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 99-22471 Filed 8-27-99; 8:45 am]
BILLING CODE 6210-01-F