[Federal Register Volume 66, Number 156 (Monday, August 13, 2001)]
[Notices]
[Page 42532]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-20287]


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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 September 7, 2001.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Banknorth Group, Inc., Portland, Maine; to acquire and merge 
with Andover Bancorp, Inc., Andover Massachusetts, and thereby 
indirectly acquire Andover Bank, Andover, Massachusetts, and Gloucester 
Bank & Trust Company, Gloucester, Massachusetts.
    In connection with this application, Applicant also has applied to 
acquire a 15.9 percent interest in Gloucester Investment Corp., 
Gloucester, Massachusetts, and thereby engage in making loans to small 
businesses and investments in industrial and commercial enterprises in 
the City of Gloucester and the area known as Cape Ann, pursuant to 
Sec.  225.28(b)(12) of Regulation Y.
    B. Federal Reserve Bank of Atlanta (Cynthia C. Goodwin, Vice 
President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309-4470:
    1. F.N.B. Financial Corporation, Naples, Florida; to acquire and 
merge with Promistar Financial Corporation, and thereby indirectly 
acquire Promistar Bank, both of Johnstown, Pennsylvania.
    C. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Cisco Bancshares, Inc., Cisco, Texas, and Cisco Bancshares of 
Nevada, Inc., Carson City, Nevada; to become bank holding companies by 
acquiring 100 percent of the voting shares of First National Bank, 
Cisco, Texas.
    2. Olney Bancshares of Texas, Inc., Olney, Texas, and Olney Bancorp 
of Delaware, Inc., Wilmington, Delaware; to acquire 100 percent of the 
voting shares of Friona State Bank, Friona, Texas.

    Board of Governors of the Federal Reserve System, August 8, 
2001.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 01-20287 Filed 8-10-01; 8:45 am]
BILLING CODE 6210-01-S