[Federal Register Volume 66, Number 238 (Tuesday, December 11, 2001)]
[Notices]
[Pages 64044-64045]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-30512]


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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 January 4, 2002.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. BB&T Corporation, Winston-Salem, North Carolina; to merge with 
Mid-America Bancorp, Louisville, Kentucky, and thereby indirectly 
acquire Bank of Louisville, Louisville, Kentucky. In addition, 
Applicant also is seeking permission to exercise an option to acquire 
up to 19.9 percent of the voting shares of Mid-America Bancorp under 
certain circumstances.
    In connection with this application, Applicant also has applied to 
acquire Mid-America Gift Certificate Company, Louisville, Kentucky, and 
thereby engage in data processing activities, pursuant to Sec.  
225.28(b)(14) of Regulation Y; MABC Leasing Co., Louisville, Kentucky, 
and thereby engage in leasing activities, pursuant to Sec.  
225.28(b)(3) of Regulation Y; and MAB Investment Group, Inc., 
Louisville, Kentucky, and thereby engage in investment advisory 
activities, pursuant to Sec.  225.28(b)(6) of Regulation Y.
    2. BB&T Corporation, Winston-Salem, North Carolina; to merge with 
AREA Bancshares Corporation, Owensboro, Kentucky, and thereby 
indirectly acquire AREA Bank, Owensboro, Kentucky, and The Vine Street 
Trust Company, Owensboro, Kentucky. In addition, Applicant also is 
seeking permission to exercise an option to acquire up to 19.9 percent 
of the voting shares of AREA Bancshares Corporation under certain 
circumstances.
    In connection with this application, Applicant also has applied to 
acquire AREA Trust Company, Owensboro, Kentucky, and thereby engage in 
trust activities, pursuant to Sec.  225.28(b)(5) of Regulation Y, and 
AREA Services, Inc., Owensboro, Kentucky, and thereby engage in 
discount brokerage activities, pursuant to Sec.  225.28(b)(7)(i) of 
Regulation Y.
    B. Federal Reserve Bank of Atlanta (Cynthia C. Goodwin, Vice 
President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309-4470:
    1. Morton Bancorp, Inc., Morton, Mississippi; to become a bank 
holding company by acquiring 100 percent of the voting shares of Bank 
of Morton, Morton, Mississippi.
    C. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Bryan Family Management Trust, Bryan, Texas, and Bryan Heritage

[[Page 64045]]

Limited Partnership, Bryan, Texas; to acquire 51 percent of the voting 
shares of The First National Bank of Bryan, Bryan, Texas.

    Board of Governors of the Federal Reserve System, December 5, 
2001.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 01-30512 Filed 12-10-01; 8:45 am]
BILLING CODE 6210-01-S