[Federal Register Volume 63, Number 222 (Wednesday, November 18, 1998)]
[Notices]
[Pages 64088-64089]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-30776]
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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. 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 December 11, 1998.
A. Federal Reserve Bank of Boston (Richard Walker, Community
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
1. Marlborough Bancorp, Marlborough, Massachusetts; to become a
bank holding company by acquiring 100 percent of the voting shares of
Marlborough Co-Operative Bank, Marlborough, Massachusetts.
B. Federal Reserve Bank of Philadelphia, (Michael E. Collins,
Senior Vice President) 100 North 6th Street, Philadelphia, Pennsylvania
19105-1521:
1. Commerce Bancorp, Inc., Cherry Hill, New Jersey; to acquire 100
percent of the voting shares of Prestige Financial
[[Page 64089]]
Corp., Flemington, New Jersey, and Prestige State Bank, Flemington, New
Jersey.
C. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. First Union Corporation, Charlotte, North Carolina; to acquire
additional nonvoting common stock of United Bancshares, Inc.,
Philadelphia, Pennsylvania, and thereby increase its investment in
United Bank of Philadelphia.
D. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. Peotone Bancorp, Inc., Peotone, Illinois, and its subsidiary,
Southwest Bancorp, Inc., Worth, Illinois; to retain direct and indirect
ownership of 7.98 percent of the voting shares of Bank of the San
Juans, Durango, Colorado.
Board of Governors of the Federal Reserve System, November 12,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-30776 Filed 11-17-98; 8:45 am]
BILLING CODE 6210-01-F
