[Federal Register Volume 65, Number 132 (Monday, July 10, 2000)]
[Notices]
[Pages 42369-42370]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-17275]


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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 August 3, 2000.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President), 33 Liberty Street, New York, New York 10045-0001:
    1. M & T Bank Corporation, Buffalo, New York and Olympia Financial 
Corp., Buffalo, New York; to acquire 100 percent of the voting shares 
of, and thereby merge with Kaystone Financial, Inc., Harrisburg, 
Pennsylvania, and thereby indirectly acquire Keystone Financial Bank, 
N.A., Harrisburg, Pennsylvania. In addition M&T Bank Corporation has 
applied to acquire an option to purchase up to 19.9 percent of the 
shares of Keystone. This option will expire upon consummation of the 
merger.
    In connection with this application, Applicants also have applied 
to acquire Keystone CDC, Inc., and thereby engage in community 
development activities, pursuant to Sec. 225.28(b)(12) of Regulation Y; 
Keystone Financial Life Insurance Company, and thereby engage in credit 
life and disability life reinsurance activities related to home equity 
loan products, pursuant to Sec. 225.28(b)(11) of Regulation Y; Keystone 
Financial Mid-Atlantic Funding Corporation, and thereby engage in 
issuing medium-term debt instruments, pursuant to Sec. 225.28(b)(1) of 
Regulation Y; Martindale Andres &

[[Page 42370]]

Company, LLC, and thereby engage in investment advisory services, 
pursuant to Sec. 225.28(b)(6) of Regulation Y; and MMC&P Retirement 
Benefit Services, Inc., and thereby provide employee benefit third 
party administrator and actuarial consulting services, pursuant to 
Sec. 225.28(b)(9)(ii) of Regulation Y.

    Board of Governors of the Federal Reserve System, July 3, 2000.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 00-17275 Filed 7-7-00; 8:45 am]
BILLING CODE 6210-01-P