[Federal Register Volume 61, Number 216 (Wednesday, November 6, 1996)]
[Notices]
[Pages 57432-57433]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28450]
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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 29, 1996.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. New Asia Bancorp, Chicago, Illinois; to become a bank holding
company by acquiring 100 percent of the voting shares of NAB Bank,
Chicago, Illinois.
2. Wintrust Financial Corporation, Lake Forest, Illinois (formerly
known as North Shore Community Bancorp, Inc., Wilmette, Illinois); to
acquire 100 percent of the voting shares of Barrington Bank & Trust
Company, N.A., Barrington, Illinois.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. First Commercial Corporation, Little Rock, Arkansas; to merge
with W.B.T. Holding Company, Memphis,
[[Page 57433]]
Tennessee, and thereby indirectly acquire United American Bank,
Memphis, Tennessee.
C. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. Norwest Corporation, Minneapolis Minnesota; to acquire 100
percent of the voting shares of Central Bancorporation, Inc., Fort
Worth, Texas, and thereby indirectly acquire Central Bank and Trust
Company, Fort Worth Texas.
D. Federal Reserve Bank of San Francisco (Kenneth R. Binning,
Director, Bank Holding Company) 101 Market Street, San Francisco,
California 94105:
1. City National Corporation, Beverly Hills, California; to merge
with Ventura County National Bancorp, Oxnard, California, and thereby
indirectly acquire Ventura County National Bank, Oxnard, California,
and Frontier Bank, N.A., La Palma, California.
Board of Governors of the Federal Reserve System, October 31,
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-28450 Filed 11-5-96; 8:45 am]
BILLING CODE 6210-01-F
