[Federal Register Volume 70, Number 197 (Thursday, October 13, 2005)]
[Notices]
[Page 59750]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-5585]


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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 November 4, 2005.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) P.O. Box 55882, Boston, Massachusetts 02106-2204:
    1. Salem Five Bancorp, Salem, Massachussetts; to become a bank 
holding company by acquiring 100 percent of the voting shares of Salem 
Five Cents Savings Bank, Salem, Massachusetts, and Heritage Co-
Operative Bank, Salem, Massachusetts.
    B. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. South Plains Financial, Inc., Employee Stock Ownership Plan, 
Lubbock, Texas; to become a bank holding company by acquiring 26 
percent of the voting shares of South Plains Financial, Inc., Lubbock, 
Texas, and indirectly acquire South Plains Delaware Financial 
Corporation, Dover, Delaware; City Bank, Lubbock, Texas; Zia Financial 
Corporation, Ruidoso, New Mexico; and City Bank New Mexico, Ruidoso, 
New Mexico.

    Board of Governors of the Federal Reserve System, October 6, 
2005.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E5-5585 Filed 10-12-05; 8:45 am]
BILLING CODE 6210-01-S