[Federal Register Volume 61, Number 213 (Friday, November 1, 1996)]
[Notices]
[Page 56547]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28051]
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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. 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 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, including whether the acquisition of the nonbanking company 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'' (12 U.S.C. 1843). Any request for a
hearing 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. 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 25, 1996.
A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
1. Carolina Financial Corporation, Charleston, South Carolina; to
become a bank holding company by acquiring 100 percent of the voting
shares of Community FirstBank of Charleston, Charleston, South Carolina
(in organization).
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Magna Group, Inc., St. Louis, Missouri, and HBC Acquisition Sub,
Inc., St. Louis, Missouri; to acquire 100 percent of the voting shares
of Homeland Bankshares Corporation, Waterloo, Iowa, and thereby
indirectly acquire Homeland Bank, N.A., Waterloo, Iowa; Homeland Bank,
Indianola, Iowa; Homeland Bank, Oelwein, Iowa; and Homeland Bank,
Monticello, Iowa.
In connection with this application, HBC Acquisition Sub, Inc., St.
Louis, Missouri, also has applied to become a bank holding company.
In connection with this application, Magna Group, Inc., St. Louis,
Missouri also has applied to acquire Homeland Savings Bank, FSB, Des
Moines, Iowa, and thereby engage in owning and operating a savings
association, pursuant to Sec. 225.25(b)(9) of the Board's Regulation
Y; Homeland Trust Company, Des Moines, Iowa, and thereby engage in
performing functions and or activities that may be performed by a trust
company (including activities of a fiduciary, agency, or custodial
nature), pursuant to Sec. 225.25(b)(3) of the Board's Regulation Y;
and Homeland Student Loan Company, West Des Moines, Iowa, and thereby
engage in making, acquiring, or servicing loans or other extensions of
credit, pursuant to Sec. 225.25(b)(1) of the Board's Regulation Y.
C. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Diboll State Bancshares, Inc., Diboll, Texas, and Diboll State
Bancshares of Delaware, Inc., Wilmington, Delaware; to acquire 100
percent of the voting shares of First State Bank, Jasper, Texas.
Board of Governors of the Federal Reserve System, October 28,
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-28051 Filed 10-31-96; 8:45 am]
BILLING CODE 6210-01-F
