[Federal Register Volume 65, Number 142 (Monday, July 24, 2000)]
[Notices]
[Pages 45602-45603]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-18632]


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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 18, 2000.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice

[[Page 45603]]

President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. The Exchange Bankshares, Inc., Estill, South Carolina; to become 
a bank holding company by acquiring 100 percent of the voting shares of 
The Exchange Bank, Estill, South Carolina.
    2. Friedman, Billings, Ramsey Group, Inc., and its subsidiaries, 
FBR Bancorp, Inc.; Money Management Associates, Inc.; and Money 
Management Associates (LP), Inc.; of Arlington, Virginia; to become 
bank holding companies by acquiring 100 percent of the voting shares of 
Rushmore National Bank, Bethesda, Maryland (successor by conversion of 
Rushmore Trust and Savings, FSB, Bethesda, Maryland, to a national 
bank).
    In connection with this application, Friedman, Billings, Ramsey 
Group, Inc., Arlington, Virginia, also has applied to retain 6.34 
percent of the voting shares of Pocahontas Bancorp, Inc., Pocahontas, 
Arkansas, and its sole thrift subsidiary, Pocahontas Federal Savings 
and Loan Association, Pocahontas, Arkansas, and thereby engage in 
owning shares in a savings association, pursuant to 
Sec. 225.28(b)(4)(ii) of Regulation Y.
    B. Federal Reserve Bank of Atlanta (Cynthia C. Goodwin, Vice 
President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Firstrust Corporation, New Orleans, Louisiana; to acquire 100 
percent of the voting shares of Metro Bank, Kenner, Louisiana.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Advantage Bancorp, Inc., Woodbury, Minnesota; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Advantage Bank, Loveland, Colorado, a de novo bank in organization.
    2. Commerce Financial Corporation Employee Stock Ownership Plan, 
Topeka, Kansas; to become a bank holding company by acquiring at least 
25.65 percent of the voting shares of Commerce Financial Corporation, 
Topeka, Kansas, and thereby indirectly acquire Commerce Bank and Trust, 
Topeka, Kansas.
    In connection with this application, Applicant and Commerce 
Financial Corporation, Topeka, Kansas, also has applied to retain an 
additional 19.63 percent, for a total of 29.03 percent, of the voting 
shares of Financial Institution Technologies (also known as Suntell, 
Topeka, Kansas), and thereby engage in data processing activities, 
pursuant to Sec. 225.28(b)(14)(i)(A) of Regulation Y.
    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 Buffalo National Bancshares, Inc., 
Buffalo, Minnesota, and thereby indirectly acquire voting shares of The 
Buffalo National Bank, Buffalo, Minnesota.

    Board of Governors of the Federal Reserve System, July 19, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-18632 Filed 7-21-00; 8:45 am]
BILLING CODE 6210-01-U