[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]


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

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