[Federal Register Volume 65, Number 51 (Wednesday, March 15, 2000)]
[Notices]
[Pages 13972-13973]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-6300]


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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

[[Page 13973]]

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 April 7, 2000.
    A. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. First Business Bancshares, Inc., Madison, Wisconsin; to acquire 
51 percent of the voting shares of The Business Banc Group, Ltd. (in 
formation), Brookfield, Wisconsin, and thereby indirectly acquire First 
Business Bank-Milwaukee, Brookfield, Wisconsin.
    In connection with this application, The Business Banc Group, Ltd., 
Brookfield, Wisconsin, also has applied to become a bank holding 
company.
    B. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. National Penn Bancshares, Inc., Boyertown, Pennsylvania; to 
acquire indirectly through its wholly owned subsidiary, NPB New Jersey, 
Inc., Morristown, New Jersey, 100 percent of the voting shares of 
Panasia Bank, Fort Lee, New Jersey. In connection with this 
application, NPB New Jersey, Inc., has applied to become a bank holding 
company.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. NBM Corp Employee Stock Ownership Plan, McAlester, Oklahoma; to 
become a bank holding company by acquiring 30.48 percent of the voting 
shares of NBM Corp, McAlester, Oklahoma, and thereby indirectly acquire 
Bank N.A., McAlester, Oklahoma.

    Board of Governors of the Federal Reserve System, March 9, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-6300 Filed 3-15-00; 8:45 am]
BILLING CODE 6210-01-P