[Federal Register Volume 64, Number 196 (Tuesday, October 12, 1999)]
[Notices]
[Pages 55290-55291]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-26472]
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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
[[Page 55291]]
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 November 5, 1999.
A. Federal Reserve Bank of Boston (Richard Walker, Community
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
1. Brookline Bancorp, MHC, and Brookline Bancorp, Inc., both of
Brookline, Massachusetts, to acquire 24.9 percent of the voting shares
of Medford Bancorp, Medford, Massachusetts, and thereby acquire shares
of Medford Savings Bank, Medford, Massachusetts.
2. Camden National Corporation, Camden, Maine; to acquire 100
percent of the voting shares of KSB Bancorp, Inc., and Kingfield
Savings Bank, both of Kingfield, Maine, and subsequently merge KSB
Bancorp, Inc., with and into Camden National Corporation.
B. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Tompkins Trustco, Inc., Ithaca, New York; to merge with
Letchworth Independent Bancshares Corporation, Castile, New York, and
thereby indirectly acquire shares of The Bank of Castile, Castile, New
York, and The Mahopac National Bank, Mahopac, New York.
C. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. BB&T Corporation, Winston-Salem, North Carolina; to merge with
Premier Bancshares, Inc., Atlanta, Georgia, and thereby indirectly
acquire Premier Bank, Atlanta, Georgia; Milton National Bank, Roswell,
Georgia; Bank Atlanta, Decatur, Georgia; and Farmers & Merchant Bank,
Summerville, Georgia.
D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. First Delta Bankshares, Inc., Blytheville, Arkansas; to acquire
100 percent of the voting shares of The Merchants and Planters Bank,
Manila, Arkansas.
2. St. Elizabeth Bancshares, Inc., St. Elizabeth, Missouri; to
become a bank holding company by acquiring at least 95.0 percent of the
voting shares of Bank of St. Elizabeth, St. Elizabeth, Missouri.
E. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen,
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291,
Minneapolis, Minnesota 55480-0291:
1. First Bancshares Corporation, Gladstone, Michigan; to acquire an
additional 9.15 percent, for a total of 19.9 percent, of the voting
shares of Baybank Corporation, Gladstone, Michigan, and thereby
indirectly acquire Baybank, Gladstone, Michigan.
F. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Paradigm Bancorporation, Inc., Houston, Texas; to acquire 100
percent of the voting shares of Dayton State Bank, Dayton, Texas.
Board of Governors of the Federal Reserve System, October 5,
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-26472 Filed 10-8-99; 8:45 am]
BILLING CODE 6210-01-F