[Federal Register Volume 65, Number 25 (Monday, February 7, 2000)]
[Notices]
[Pages 5872-5873]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-2616]
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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.
[[Page 5873]]
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 March 2, 2000.
A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Davis Trust Financial Corporation, Elkins, West Virginia; to
become a bank holding company by acquiring 100 percent of the voting
shares of Davis Trust Company, Elkins, West Virginia.
B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. TransAtlantic Holding Corp., Miami, Florida; to become a bank
holding company by acquiring up to 100 percent of the voting shares of
TransAtlantic Bank, Coral Gables (Miami), Florida.
C. Federal Reserve Bank of Chicago (Phillip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. Capitol Bancorp, Ltd., Lansing, Michigan; Sun Community Bancorp
Limited, Phoenix, Arizona; and Nevada Community Bancorp Limited, Las
Vegas, Nevada; to acquire 51 percent of the voting shares of Black
Mountain Community Bank (in organization), Henderson, Nevada.
D. 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 Michigan Financial Corporation,
Marquette, Michigan, and thereby indirectly acquire MFC First National
Bank, Marquette, Michigan; MFC First National Bank, Minominee,
Michigan; MFC First National Bank, Ironwood, Michigan; MFC First
National Bank, Iron River, Michigan; MFC First National Bank, Iron
Mountain, Michigan; MFC First National Bank, Houghton, Michigan; and
MFC First National Bank, Escanaba, Michigan.
In connection with this application, Applicant also has applied to
acquire Michigan Financial Life Insurance Company, Marquette, Michigan,
and thereby engage in underwriting life insurance and accident and
health insurance that is directly related to an extension of credit by
the bank holding company organization, pursuant to Sec. 225.28(b)(11)
of Regulation Y.
Board of Governors of the Federal Reserve System, February 1, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-2616 Filed 2-4-00; 8:45 am]
BILLING CODE 6210-01-P