[Federal Register Volume 64, Number 227 (Friday, November 26, 1999)]
[Notices]
[Pages 66477-66478]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-30690]


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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

[[Page 66478]]

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 December 20, 1999.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Summit Bancorp, Princeton, New Jersey; to acquire 100 percent of 
the voting shares of NMBT Corp, New Milford, Connecticut, and thereby 
indirectly acquire voting shares of NMBT, New Milford, Connecticut.
    B. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Cleveland Holding Company, Cleveland, Oklahoma; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Heritage Bancorp, Inc., Cleveland, Oklahoma, and thereby indirectly 
acquire First Bank of Cleveland, Cleveland, 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. Utah Bancshares, Inc., Emphraim, Utah; to become a bank holding 
company by acquiring 100 percent of the voting shares of Bank of 
Ephraim, Ephraim, Utah.

    Board of Governors of the Federal Reserve System, November 19, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-30690 Filed 11-24-99; 8:45 am]
BILLING CODE 6210-01-F