[Federal Register Volume 68, Number 152 (Thursday, August 7, 2003)]
[Notices]
[Page 47065]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-20137]


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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 September 2, 2003.
    A. Federal Reserve Bank of Minneapolis (Richard M. Todd, Vice 
President and Community Affairs Officer) 90 Hennepin Avenue, 
Minneapolis, Minnesota 55480-0291:
    1. Farmers & Merchants Financial Services, Inc., St. Paul, 
Minnesota; to merge with Eau Claire Financial Services, Inc., St. Paul, 
Minnesota, and thereby indirectly acquire American Bank, Eau Claire, 
Wisconsin, and American Bank Lake City, Lake City, Minnesota.
    In connection with this application, Applicant also has applied to 
acquire Lake City Agency, Lake City, Minnesota, and thereby engage in 
general insurance agency activities in a place with a population not 
exceeding 5,000 as set forth in section 225.28(b)(11)(iii) of 
Regulation Y.
    2. First Sleepy Eye Bancorporation, Inc., Sioux Falls, South 
Dakota; to acquire 100 percent of the voting shares of Nichols 
Financial, Inc., Storden, Minnesota, and thereby indirectly acquire 
Heartland State Bank, Storden, Minnesota.

    Board of Governors of the Federal Reserve System, August 1, 
2003.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 03-20137 Filed 8-6-03; 8:45 am]
BILLING CODE 6210-01-S