[Federal Register Volume 64, Number 181 (Monday, September 20, 1999)]
[Notices]
[Pages 50812-50813]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-24358]


=======================================================================
-----------------------------------------------------------------------

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 October 14, 1999.
    A. Federal Reserve Bank of Atlanta (Cynthia Goodwin, Vice 
President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Equitex, Inc., Englewood, Colorado; to become a bank holding 
company by acquiring 100 percent of the voting shares of First TeleBanc 
Corporation, Boca Raton, Florida, and thereby indirectly acquire Net 
First National Bank, Boca Raton, Florida.
    1. SNB Holdings, Inc., Slocomb, Alabama; to become a bank holding 
company by acquiring 100 percent of the voting shares of Slocomb 
National Bank, Slocomb, Alabama.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Miles Independent Bancorporation, Inc., Advance, Missouri; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Miles Bancshares, Inc., Advance, Missouri; and thereby 
indirectly acquire The Bank

[[Page 50813]]

of Advance, Advance, Missouri; The First National Bank of Lerna, Lerna, 
Illinois; and Bowen State Bank, Bowen, Illinois.

    Board of Governors of the Federal Reserve System, September 14, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-24358 Filed 9-17-99; 8:45 am]
BILLING CODE 6210-01-F