[Federal Register Volume 65, Number 68 (Friday, April 7, 2000)]
[Notices]
[Page 18335]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-8619]


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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. 
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 May 1, 2000.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. SI Bancorp, Willimantic, Connecticut; to become a bank holding 
company by acquiring 100 percent of the voting shares of Savings 
Institute, Willimantic, Connecticut.
    B. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Niagara Bancorp, MHC, Lockport, New York, and Niagara Bancorp, 
Inc, Lockport, New York; to acquire 100 percent of the voting shares, 
and thereby merge with CNY Financial Corporation, Cortland, New York, 
and thereby indirectly acquire Cortland Savings Bank, Cortland, New 
York.
    C. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Business Bancorporation, Inc., Minnetonka, Minnesota; to become 
a bank holding company by acquiring 100 percent of the voting shares of 
The Business Bank, Minnetonka, Minnesota.
    D. Federal Reserve Bank of San Francisco (Maria Villanueva, 
Consumer Regulation Group) 101 Market Street, San Francisco, California 
94105-1579:
    1. Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan; indirectly through 
Dai-Ichi Kangyo Fuji Trust & Banking Co., Ltd., Tokyo, Japan; to 
acquire 100 percent of the voting shares of DKF Trust Company (USA), 
New York, New York.

    Board of Governors of the Federal Reserve System, April 3, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-8619 Filed 4-6-00; 8:45 am]
BILLING CODE 6210-01-P