[Federal Register Volume 59, Number 193 (Thursday, October 6, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-24733]
[[Page Unknown]]
[Federal Register: October 6, 1994]
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FEDERAL RESERVE SYSTEM
Firstar Corporation; Formation of, Acquisition by, or Merger of
Bank Holding Companies; and Acquisition of Nonbanking Company
The company listed in this notice has applied under Sec. 225.14 of
the Board's Regulation Y (12 CFR 225.14) for the Board's approval under
section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to become a
bank holding company or to acquire voting securities of a bank or bank
holding company. The listed company has also applied under Sec.
225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) for the Board's
approval under section 4(c)(8) of the Bank Holding Company Act (12
U.S.C. 1843(c)(8)) and Sec. 225.21(a) of Regulation Y (12 CFR
225.21(a)) to acquire or control voting securities or assets of a
company engaged in a nonbanking activity that is listed in Sec. 225.25
of Regulation Y as closely related to banking and permissible for bank
holding companies, or to engage in such an activity. Unless otherwise
noted, these activities will be conducted throughout the United States.
The 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 on the question whether consummation of the proposal 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.'' Any request for a hearing on this question
must be accompanied by a statement of the reasons a written
presentation would not suffice in lieu of a hearing, identifying
specifically any questions of fact that are in dispute, summarizing the
evidence that would be presented at a hearing, and indicating how the
party commenting would be aggrieved by approval of the proposal.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
October 31, 1994.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Firstar Corporation, through its subsidiary, Firstar Corporation
of Illinois, both of Milwaukee, Wisconsin; to acquire 100 percent of
the voting shares of First Colonial Bankshares Corporation, Chicago,
Illinois, and thereby indirectly acquire All American Bank of Chicago,
Chicago, Illinois; Colonial Bank, Chicago, Illinois; Community Bank &
Trust Company of Edgewater, Chicago, Illinois; Michigan Avenue National
Bank of Chicago, Chicago, Illinois; First Colonial Bank of McHenry
County, Crystal Lake, Illinois; First Colonial Bank of Downers Grove,
Downers Grove, Illinois; Fox Lake State Bank, Fox Lake, Illinois; First
Colonial Bank of DuPage County, Naperville, Illinois; First Colonial
Bank Northwest, Niles, Illinois; The Northlake Bank, Northlake,
Illinois; Avenue Bank of Oak Park, Oak Park, Illinois; First Colonial
Bank Rosemont, Rosemont, Illinois; First Colonial Bank of Lake County,
Vernon Hills, Illinois; First Colonial Bank-Highwood, Highwood,
Illinois; York State Bank, Elmhurst, Illinois; First Colonial Bank-
Mundelein, Mundelein, Illinois; and First Colonial Bank Southwest,
Burbank, Illinois.
In connection with this application, Applicant has applied to
acquire BankersTech, Inc., Chicagok Illinois, and thereby engage in
contract out back office services including data processing services to
other banks, pursuant to Sec. 225.25(b)(7). In addition, Applicants
also has applied to acquire First Colonial Trust Company, Oak Park,
Illinois, and thereby engage in providing corporate and personal trust
services such as escrow exchange agent services, employee benefits,
trustee services and investment management services, pursuant to Sec.
225.25(b)(3) of the Board's Regulation Y. Applicant also has applied to
acquire Mid-States Financial Corp., Schaumburg, Illinois, and thereby
engage in providing limited equipment finance leasing, primarily of
machine tools, small computers and telephone systems, pursuant to Sec.
225.25(b)(5) of the Board's Regulation Y. Applicant also has applied to
acquire First Colonial Mortgage Corporation, Elmhurst, Illinois, and
thereby engage in providing residential mortgage financing secured by
one-to-four family residential properties, including home equity loans,
pursuant to Sec. 225.25(b)(1) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, September 30,
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-24733 Filed 10-5-94; 8:45 am]
BILLING CODE 6210-01-F
