[Federal Register Volume 68, Number 58 (Wednesday, March 26, 2003)]
[Notices]
[Pages 14658-14659]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-7194]


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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 April 18, 2003.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Woori Bank and Woori Finance Holdings Company, Ltd., both of 
Seoul, Korea; to become a bank holding company by acquiring 100 percent 
of the voting shares of Panasia Bank, National Association, Fort Lee, 
New Jersey.
    B. Federal Reserve Bank of Atlanta (Sue Costello, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30303:
    1. Alabama National BanCorporation, Birmingham, Alabama; to acquire 
100 percent of the voting shares of Millennium Bank, Gainesville, 
Florida.
    2. Community Bancshares of Mississippi, Inc., Brandon, Mississippi; 
to acquire at least 80 percent of the voting shares of First Lucedale 
Bancorp, Inc., Lucedale, Mississippi, and thereby indirectly acquire 
voting shares of First National Bank of Lucedale, Lucedale, 
Mississippi.
    3. Sterling BancGroup, Inc., Lantana, Florida; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Sterling Bank, Lantana, Florida.
    C. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. National Bancshares, Inc., Bettendorf, Iowa; to acquire at least 
33.56 percent of the voting shares of Benchmark Bancorp, Inc., Aurora, 
Illinois, and thereby indirectly acquire voting shares of Benchmark 
Bank, Aurora, Illinois.
    2. PSB Group, Inc., Madison Heights, Michigan; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Peoples State Bank, Hamtramck, Michigan.
    D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166-2034:
    1. Liberty Bancshares, Inc., Jonesboro, Arkansas; to acquire 100 
percent of the voting shares of MSB Shares, Inc., Jonesboro, Arkansas, 
and thereby indirectly acquire voting shares of MidSouth Bank, 
Jonesboro, Arkansas.
    E. Federal Reserve Bank of Kansas City (Susan Zubradt, Assistant 
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
    1. Central Financial Corporation, Hutchinson, Kansas; to acquire up 
to 45 percent of the voting shares of Mid-America Bancorp, Inc., and 
thereby indirectly acquire voting shares of Heartland Bank, both of 
Jewell, Kansas.
    2. Guaranty Corporation, Denver, Colorado; to acquire up to 19.19 
percent of the voting shares of Bank Capital Corporation, Phoenix, 
Arizona, and

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thereby indirectly acquire The Biltmore Bank of Arizona, Phoenix, 
Arizona.
    3. Steele Street State Bank Corporation, Denver, Colorado; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Steele Street State Bank, Denver, Colorado.
    F. Federal Reserve Bank of San Francisco (Maria Villanueva, 
Consumer Regulation Group) 101 Market Street, San Francisco, California 
94105-1579:
    1. American Premier Bancorp, Arcadia, California; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
American Premier Bank, Arcadia, California.

    Board of Governors of the Federal Reserve System, March 20, 
2003.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 03-7194 Filed 3-25-03; 8:45 am]
BILLING CODE 6210-01-S