[Federal Register Volume 68, Number 191 (Thursday, October 2, 2003)]
[Notices]
[Page 56841]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-24955]


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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 October 27, 2003.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. National Penn Bancshares, Inc., Boyertown, Pennsylvania; to 
acquire 21 percent of the voting shares of The Pennsylvania State 
Banking Company, Camp Hill, Pennsylvania, and thereby indirectly 
acquire voting shares of Pennsylvania State Bank, Camp Hill, 
Pennsylvania.
    B. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. First Midwest Bancorp, Inc., Itasca, Illinois; to merge with 
Covest Bancshares, Inc., Des Plaines, Illinois, and thereby indirectly 
acquire voting shares of Covest Banc, National Association, Des 
Plaines, Illinois.

    Board of Governors of the Federal Reserve System, September 26, 
2003.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 03-24955 Filed 10-1-03; 8:45 am]
BILLING CODE 6210-01-S