[Federal Register Volume 68, Number 38 (Wednesday, February 26, 2003)]
[Notices]
[Pages 8903-8904]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-4390]


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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

[[Page 8904]]

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 http://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 March 24, 2003.
    A. Federal Reserve Bank of Cleveland (Stephen J. Ong, Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Charter One Financial, Inc., Cleveland, Ohio; to acquire 100 
percent of the voting shares of Advance Bancorp, Inc., Homewood, 
Illinois, and thereby indirectly acquire Advance Bank, Lansing, 
Illinois.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Virginia Financial Group, Inc., Culpeper, Virginia; to acquire 
9.9 percent of the voting shares of Albemarle First Bank, 
Charlottesville, Virginia.
    C. Federal Reserve Bank of Atlanta (Sue Costello, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309-4470:
    1. Mountain Bancshares, Inc., Dawsonville, Georgia; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Mountain State Bank, Dawsonville, Georgia.
    D. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Iroquois Bancorp, Inc., Gilman, Illinois; to acquire 42.19 
percent of the voting shares of JW Bancorp, Inc., Winchester, Illinois, 
and thereby indirectly acquire John Warner Financial Corporation, and 
The John Warner Bank, both of Clinton, Illinois.
    2. JW Bancorp, Inc., Winchester, Illinois; to become a bank holding 
company by acquiring 100 percent of the voting shares of John Warner 
Financial Corporation, and thereby indirectly acquire The John Warner 
Bank, both of Clinton, Illinois.
    E. Federal Reserve Bank of Kansas City (Susan Zubradt, Assistant 
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
    1. Bank Capital Corporation, Phoenix, Arizona; to become a bank 
holding company by acquiring 100 percent of the voting shares of The 
Biltmore Bank of Arizona, Phoenix, Arizona.

    Board of Governors of the Federal Reserve System, February 19, 
2003.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 03-4390 Filed 2-26-03; 8:45 am]
BILLING CODE 6210-01-P