01-26479. Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies

The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).

The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the office of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than November 5, 2001.

A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-1521:

1. Albert V. Schulze, and Michelle A. Schulze, both of Orwigsburg, Pennsylvania; to acquire voting shares of Union Bancorp, Inc., Pottsville, Pennsylvania, and thereby indirectly acquire voting shares of Union Bank and Trust Company Pottsville, Pennsylvania.

B. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:

1. Elizabeth L. Kirch, Moorhead, Minnesota; to acquire voting shares of State Bancshares of Ulen, Inc., Dilworth, Minnesota, and thereby indirectly acquire voting shares of The Northwestern State Bank of Ulen, Ulen, Minnesota.

Board of Governors of the Federal Reserve System, October 16, 2001.

Robert deV. Frierson,

Deputy Secretary of the Board.