[Federal Register Volume 65, Number 203 (Thursday, October 19, 2000)]
[Notices]
[Page 62718]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-26851]



[[Page 62718]]

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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 November 14, 2000.

    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. The Chase Manhattan Corporation, New York, New York (Chase); to 
acquire 100 percent of the voting shares of, and thereby merge with, 
J.P. Morgan & Co. Inc., New York, New York (J.P. Morgan), and thereby 
indirectly acquire voting shares of Morgan Guaranty Trust Company of 
New York, New York, New York (Morgan Guaranty).
    In connection with this transaction, Applicant and J.P. Morgan also 
have granted cross-options to purchase up to 19.9 percent of the 
outstanding shares of each other's common stock. These options would 
expire on consummation of the merger. Subsidiaries banks of Chase 
include Chase Bank of Texas-San Angelo, National Association, San 
Angelo, Texas; The Chase Manhattan Bank, New York, New York; Chase 
Manhattan Bank and Trust Company, National Association, Los Angeles, 
California; Chase Manhattan Bank USA, Wilmington, Delaware; and Chase 
Manhattan Private Bank, National Association, Tampa, Florida.
    In connection with this transaction, Applicant also has applied to 
acquire J.P. Morgan FSB, Palm Beach, Florida, and thereby engage in 
operating a savings association, pursuant to Sec. 225.28(b)(4)(ii) of 
Regulation Y.
    In connection with this transaction, Applicant also has applied to 
merge its subsidiary bank, the Chase Manhattan Bank, New York, New 
York, with Morgan Guaranty and to establish additional branches as a 
result of such merger.

    B. Federal Reserve Bank of Atlanta (Cynthia C. Goodwin, Vice 
President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Alabama National BanCorporation, Birmingham, Alabama; to acquire 
100 percent of the voting shares of Peoples State Bank of Groveland, 
Groveland, Florida.
    2. Whitney Holding Corporation, New Orleans, Louisiana; to merge 
with Prattville Financial Services Corporation, Prattville, Alabama, 
and thereby indirectly acquire voting shares of Bank of Pratville, 
Pratville, Alabama.

    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Nebraska Bancshares, Inc., Farnam, Nebraska; to acquire 12.62 
percent of the voting shares of Stockmens Financial Corporation, Rapid 
City, South Dakota, and thereby indirectly acquire voting shares of 
Bankwest, Castle Rock, Colorado, and Security First Bank, Sidney, 
Nebraska.

    D. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Community Bancshares Company, Colfax, Louisiana; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Colfax Banking Company, Colfax, Louisiana.
    2. Cooper Lake Financial Corporation, Cooper, Texas; to acquire 100 
percent of the voting shares of The Delta Bank, Cooper, Texas.

    Board of Governors of the Federal Reserve System, October 13, 
2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-26851 Filed 10-18-00; 8:45 am]
 BILLING CODE 6210-01-P