[Federal Register Volume 67, Number 215 (Wednesday, November 6, 2002)]
[Notices]
[Pages 67623-67624]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-28119]


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

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

[[Page 67624]]

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 November 29, 2002.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Elran (D.D.) Holdings Ltd., and Elran (D.D.) Investment, Ltd., 
both of Tel Aviv, Israel; in connection with its indirect ownership of 
Bank Hapoalim B.M., to become bank holding companies by acquiring 
indirect control of Signature Bank, New York, New York.
    In connection with this application, Applicant also has applied to 
acquire Signature Securities Group Corporation, New York, New York, and 
thereby engage in financial and investment advisory services, pursuant 
to Sec.  225.28(b)(6) of Regulation Y, and in agency transactional 
services for customer investments, pursuant to Sec.  225.28(b)(7) of 
Regulation Y.
    B. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. First State Associates, Inc., Hawarden, Iowa, and Old O'Brien 
Banc Shares, Inc., Sutherland, Iowa; to each acquire an additional 
16.67 percent of the voting shares of Hawarden Banking Company, 
Hawarden, Iowa, and thereby indirectly acquire voting shares of First 
State Bank, Hawarden, Iowa, and Security State Bank, Sutherland, Iowa.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166-2034:
    1. Harrodsburg First Financial Bancorp, Inc., Harrodsburg, 
Kentucky; to acquire at least 22.5 percent of the voting shares of 
Independence Bancorp, New Albany, Indiana, and thereby indirectly 
acquire Independence Bank, New Albany, Indiana.

    Board of Governors of the Federal Reserve System, October 31, 
2002.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 02-28119 Filed 11-5-02; 8:45 am]
BILLING CODE 6210-01-S