[Federal Register Volume 59, Number 19 (Friday, January 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1939]
[Federal Register: January 28, 1994]
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FEDERAL RESERVE SYSTEM
First Union Corporation, et al.; Formations of; Acquisitions by;
and Mergers of Bank Holding Companies
The companies listed in this notice have applied for the Board's
approval under section 3 of the Bank Holding Company Act (12 U.S.C.
1842) and Sec. 225.14 of the Board's Regulation Y (12 CFR 225.14) to
become a bank holding company or to acquire a bank or bank holding
company. The factors that are considered in acting on the applications
are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)).
Each application is 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 to the Reserve Bank or to the offices of the Board of
Governors. Any comment on an application that requests a hearing must
include a statement of why a written presentation would not suffice in
lieu of a hearing, identifying specifically any questions of fact that
are in dispute and summarizing the evidence that would be presented at
a hearing.
Unless otherwise noted, comments regarding each of these
applications must be received not later than February 22, 1994.
A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
1. First Union Corporation, Charlotte, North Carolina; to acquire
100 percent of the voting shares of First Union Home Equity Bank,
National Association, Charlotte, North Carolina, a de novo bank.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Central Illinois Bancorp, Inc., Sidney, Illinois; to acquire 100
percent of the voting shares of Hillside Investors, Ltd., Hillside,
Illinois, and thereby indirectly acquire Bank of Hillside, Hillside,
Ilinois.
2. Cleveland Development Bancorporation, Chicago, Illinois; to
become a bank holding company by acquiring 100 percent of the voting
shares of Potters Bank & Trust Company, East Liverpool, Ohio.
3. The Shorebank Corporation, Chicago, Illinois; to acquire 100
percent of the voting shares of Potters Bank & Trust Company, East
Liverpool, Ohio.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. CNB Bancshares, Inc., Evansville, Indiana; to acquire, through
its subsidiary, First Federal Savings Bank of Kentucky, Madisonville,
Kentucky, the assets and liabilities of CNB Bank of Kentucky, Shively,
Kentucky.
D. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. Vergas Bancorporation, Inc., Vergas, Minnesota, to become a bank
holding company by acquiring 80 percent of the voting shares of Vergas
State Bank, Vergas, Minnesota.
E. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. Citizens State Bancshares, Inc., Wichita, Kansas; to become a
bank holding company by acquiring 100 percent of the voting shares of
Citizens State Bank of Cheney, Cheney, Kansas.
Board of Governors of the Federal Reserve System, January 24,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-1939 Filed 1-27-94; 8:45 am]
BILLING CODE 6210-01-F
