[Federal Register Volume 63, Number 199 (Thursday, October 15, 1998)]
[Notices]
[Pages 55389-55390]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-27634]
=======================================================================
-----------------------------------------------------------------------
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
[[Page 55390]]
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. 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 November 6, 1998.
A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. First Banks, Inc., Creve Coeur, Missouri, and its subsidiary,
First Banks America, Inc., Creve Coeur, Missouri; to acquire 100
percent of the voting shares of Redwood Bancorp, San Francisco,
California, and thereby indirectly acquire Redwood Bank, San Francisco,
California.
B. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Aberdeen Financial Corporation, Sierra Blanca, Texas, and
Aberdeen Financial Intermediate Holding Company, Inc., Wilmington,
Delaware; to become bank holding companies by acquiring 90 percent of
the voting shares of Bank of Sierra Blanca, Sierra Blanca, Texas.
C. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager
of Analytical Support, Consumer Regulation Group) 101 Market Street,
San Francisco, California 94105-1579:
1. Columbia Bancorp, The Dalles, Oregon; to acquire 100 percent of
the voting shares of Valley Community Bancorp, McMinneville, Oregon,
and thereby indirectly acquire Valley Community Bank, McMinneville,
Oregon.
2. Security Bank Holding Company Employee Stock Ownership Plan,
Coos Bay, Oregon, and Security Bank Holding Company, Coos Bay, Oregon;
to acquire 100 percent of the Class B common stock of the target, which
will represent not less than 50.001 percent of the total equity of
Oregon State Bank, Corvallis, Oregon, (in organization).
Board of Governors of the Federal Reserve System, October 8,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-27634 Filed 10-14-98; 8:45 am]
BILLING CODE 6210-01-F
