[Federal Register Volume 63, Number 216 (Monday, November 9, 1998)]
[Notices]
[Pages 60346-60347]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-29895]
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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
[[Page 60347]]
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 3, 1998.
A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
1. Sun Bancorp, Vineland, New Jersey; to acquire 100 percent of the
voting shares of Sun National Bank, Delaware, Wilmington, Pennsylvania.
B. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
1. Fifth Third Bancorp, Cincinnati, Ohio; to merge with Ashland
Bankshares, Inc., Ashland, Kentucky, and thereby indirectly acquire
Bank of Ashland, Inc., Ashland, Kentucky.
C. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Union Bankshares Corporation, Bowling Green, Virginia; to
acquire 100 percent of the voting shares of The Bank of Williamsburg,
Williamsburg, Virginia (in organization).
D. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager
of Analytical Support, Consumer Regulation Group) 101 Market Street,
San Francisco, California 94105-1579:
1. Norwest Corporation, Minneapolis, Minnesota; Norwest Financial
Services, Inc., Des Moines, Iowa; and Norwest Financial, Inc., Des
Moines, Iowa; to convert Dial National Bank, Des Moines, Iowa, which
currently operates as a credit card bank, pursuant to Sec. 4(c)(8) of
the Bank Holding Company Act.
Board of Governors of the Federal Reserve System, November 3,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-29895 Filed 11-6-98; 8:45 am]
BILLING CODE 6210-01-F
