[Federal Register Volume 62, Number 15 (Thursday, January 23, 1997)]
[Notices]
[Page 3513]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-1582]
[[Page 3513]]
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FEDERAL RESERVE SYSTEM
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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. Once the application has been accepted
for processing, it will also 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, including whether the acquisition of the nonbanking company can
``reasonably be expected to produce benefits to the public, such as
greater convenience, increased competition, or gains in efficiency,
that outweigh possible adverse effects, such as undue concentration of
resources, decreased or unfair competition, conflicts of interests, or
unsound banking practices'' (12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be conducted throughout the United
States.
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 February 15, 1997.
A. Federal Reserve Bank of Cleveland (R. Chris Moore, Senior Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
1. Commercial Bancshares, Inc., West Liberty, Kentucky; to become a
bank holding company by acquiring 100 percent of the voting shares of
Commercial Bank, Warren, Pennsylvania.
2. Northwest Bancorp, MHC, Warren, Pennsylvania; to merge with
Northwest Bancorp, Inc., Warren, Pennsylvania, and thereby indirectly
acquire Northwest Savings Bank, Warren, Pennsylvania.
In connection with this application, Northwest Bancorp, Inc., has
also applied to become a bank holding company by acquiring 100 percent
of the voting shares of Northwest Savings Bank, Warren, Pennsylvania.
B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. Newnan Holdings, Inc., Newnan, Georgia; to merge with Tara
Bankshares Corporation, Riverdale, Georgia, and thereby indirectly
acquire Tara State Bank, Riverdale, Georgia.
Board of Governors of the Federal Reserve System, January 16,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-1582 Filed 1-22-97; 8:45 am]
BILLING CODE 6210-01-F
