[Federal Register Volume 65, Number 42 (Thursday, March 2, 2000)]
[Notices]
[Pages 11316-11317]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-4983]


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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

[[Page 11317]]

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. Additional information on all 
bank holding companies may be obtained from the National Information 
Center website at www.ffiec.gov/nic/.
    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 27, 2000.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Bay National Corporation, Baltimore, Maryland; to become a bank 
holding company by acquiring 100 percent of the voting shares of Bay 
National Bank (in organization), Baltimore, Maryland.
    B. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Union Bancshares, MHC, Freeport, Illinois; to become a bank 
holding company by acquiring 100 percent of the voting shares of USB 
Bankshares, Inc., Freeport, Illinois, and thereby indirectly acquire 
Union Savings Bank, Freeport, Illinois.
    2. USB Bankshares, Inc., Freeport, Illinois; to become a bank 
holding company by acquiring 100 percent of the voting shares of Union 
Savings Bank, Freeport, Illinois.

    Board of Governors of the Federal Reserve System, February 25, 
2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-4983 Filed 3-1-00; 8:45 am]
BILLING CODE 6210-01-P