[Federal Register Volume 62, Number 211 (Friday, October 31, 1997)]
[Notices]
[Page 58971]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28927]
=======================================================================
-----------------------------------------------------------------------
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. 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 28, 1997.
A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. South Branch Valley Bancorp, Inc., Moorefield, West Virginia; to
acquire an additional 60.4 percent of the voting shares of Capital
State Bank, Inc., Charleston, West Virginia.
B. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. Capitol Bancorp Ltd., Lansing, Michigan; to acquire 51 percent
of the voting shares of Kent Commerce Bank (in organization), Kentwood,
Michigan, a de novo bank.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. The Banc Ed Corp., Edwardsville, Illinois; to acquire 100
percent of the voting shares of OMNI Financial Corp., Pontoon Beach,
Illinois, and thereby indirectly acquire Omni Bank, Pontoon Beach,
Illinois.
D. Federal Reserve Bank of Kansas City (D. Michael Manies,
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri
64198-0001:
1. Peoples, Inc., Ottawa, Kansas; to to become a bank holding
company by acquiring 49.82 percent of the voting shares of Johnson
County Bank, Overland Park, Kansas.
Board of Governors of the Federal Reserve System, October 28,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-28927 Filed 10-30-97; 8:45 am]
BILLING CODE 6210-01-F
