[Federal Register Volume 67, Number 152 (Wednesday, August 7, 2002)]
[Notices]
[Page 51283]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-20005]


=======================================================================
-----------------------------------------------------------------------

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 Web site 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 30, 2002.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. HSBC Holdings PLC, London, England; HSBC Holdings B.V., London, 
England; HSBC Finance (Netherlands), London, England; and HSBC North 
America, Inc., Buffalo, New York; to acquire 100 percent of the voting 
shares of HSBC Washington Savings Bank, Seattle, Washington, and HSBC 
Oregon Shell Bank, Portland, Oregon, both banks in formation.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Guaranty Financial Services, Inc., Huntington, West Virginia; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Guaranty Bank & Trust Company, Huntington, West Virginia.
    C. Federal Reserve Bank of Atlanta (Sue Costello, Vice President) 
1000 Peachtree Street, NE., Atlanta, Georgia 30309-4470:
    1. Generation Bancshares, Inc., Blairsville, Georgia; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Generation Bank, Blairsville, Georgia (in organization).
    D. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Bement Bancshares, Inc., Bement, Illinois; to acquire 100 
percent of the voting shares of CGB&L Financial Group, Inc., Cerro 
Gordo, Illinois, and thereby indirectly acquire voting shares of Cerro 
Gordo Building and Loan, S.B., Cerro Gordo, Illinois.
    2. Oswego Community Bank Employee Stock Ownership Plan, Oswego, 
Illinois; to acquire additional voting shares and increase its 
ownership from 32.52 percent to 51 percent of the voting shares of 
Oswego Bancshares, Oswego, Illinois, and thereby indirectly acquire 
additional voting shares of Oswego Community Bank, Oswego, Illinois.
    E. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Prosperity Bancshares, Inc., Houston, Texas; to merge with 
Southwest Bank Holding Company, Dallas, Texas, and thereby indirectly 
acquire Bank of the Southwest of Dallas, Dallas, Texas.

    Board of Governors of the Federal Reserve System, August 2, 
2002.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 02-20005 Filed 8-6-02; 8:45 am]
BILLING CODE 6210-01-S