[Federal Register Volume 66, Number 95 (Wednesday, May 16, 2001)]
[Notices]
[Page 27144]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-12376]


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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 June 11, 2001.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. First Union Corporation, Charlotte, North Carolina, to merge 
with Wachovia Corporation, Winston-Salem, North Carolina, and thereby 
indirectly acquire voting shares of Wachovia Bank, National 
Association, Winston-Salem, North Carolina; Wachovia Acquisition 
Corporation 2001-01, Winston-Salem, North Carolina; Republic Security 
Bank, West Palm Beach, Florida; and First National Bank of Atlanta, New 
Castle, Delaware. First Union also requests approval to exercise an 
option to acquire up to 19.9 percent of the voting shares of Wachovia 
Corporation under certain circumstances.
    In connection with this application, Applicant also has applied to 
acquire Atlantic Savings Bank, FSB, Hilton Head Island, South Carolina, 
and thereby engage in operating a savings association, pursuant to 
Sec.  225.28(b)(4)(ii) of Regulation Y.

    Board of Governors of the Federal Reserve System, May 11, 2001.
Robert deV. Frierson
Associate Secretary of the Board.
[FR Doc. 01-12376 Filed 5-15-01; 8:45 am]
BILLING CODE 6210-01-S