[Federal Register Volume 65, Number 20 (Monday, January 31, 2000)]
[Unknown Section]
[Page 4609]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-2021]


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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 (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 February 22, 2000.
    A. 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 
First Banking Company of Southeast Georgia, Statesboro, Georgia, and 
thereby indirectly acquire Wayne National Bank, Jesup, Georgia; First 
National Bank of Effingham, Springfield, Georgia; Metter Banking 
Company, Metter, Georgia; and First Bulloch Bank & Trust Company, 
Statesboro, Georgia.
    In connection with this proposal, BB-T Corporation requests 
permission to exercise an option to acquire up to 19.9 percent of the 
voting securities of First Banking Company of Southeast Georgia under 
certain circumstances.
    B. Federal Reserve Bank of San Francisco (Maria Villanueva, 
Consumer Regulation Group) 101 Market Street, San Francisco, California 
94105-1579:
    1. Wells Fargo & Company, San Francisco, California; to acquire 100 
percent of the voting shares of Napa National Bancorp, Napa, 
California, and thereby indirectly acquire Napa National Bank, Napa, 
California.

    Board of Governors of the Federal Reserve System, January 24, 
2000.

Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-2021 Filed 1-28-00; 8:45 am]
BILLING CODE 6210-01-P