[Federal Register Volume 61, Number 229 (Tuesday, November 26, 1996)]
[Notices]
[Page 60101]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-30198]
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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 December 20, 1996.
A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President)
600 Atlantic Avenue, Boston, Massachusetts 02106:
1. BostonFed Bancorp, Inc., Burlington, Massachusetts; to become a
bank holding company by acquiring 100 percent of the voting shares of
Broadway Capital Corp., Chelsea, Massachusetts, and thereby indirectly
acquire The Broadway National Bank of Chelsea, Chelsea, Massachusetts,
a de novo bank.
In connection with this application, Applicant also has applied to
acquire Boston Federal Savings Bank, Burlington, Massachusetts, and
thereby engage in operating a savings association, pursuant to Sec.
225.25(b)(9) of the Board's Regulation Y. This activity will be
conducted in the Boston, Massachusetts metropolitan area.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Old Kent Financial Corporation, Grand Rapids, Michigan; to
acquire 100 percent of the voting shares of Old Kent Bank, National
Association, Jonesville, Michigan.
C. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. Front Range Bancshares, Inc. , Lakewood, Colorado; to become a
bank holding company by acquiring at least 80 percent of the voting
shares of Front Range Bank, Lakewood, Colorado, a de novo bank.
D. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Central Texas Bankshare Holdings, Inc., Columbus, Texas, and
Colorado County Investment Holdings, Inc., Wilmington, Delaware; both
to acquire 30 percent of the voting shares of Hill Bancshares Holdings,
Inc., Weimar, Texas, and thereby indirectly acquire Hill Bancshares,
Wilmington, Delaware, and Hill Bank & Trust Company, Weimar, Texas.
Board of Governors of the Federal Reserve System, November 21,
1996.
William W. Wiles,
Secretary of the Board.
[FR Doc. 96-30198 Filed 11-25-96; 8:45 am]
BILLING CODE 6210-01-F
