[Federal Register Volume 63, Number 230 (Tuesday, December 1, 1998)]
[Notices]
[Page 66186]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-31977]
-----------------------------------------------------------------------
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 24, 1998.
A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. Area Bancshares Corporation, Owensboro, Kentucky; to acquire 100
percent of the voting shares of Alliance Bank, Somerset, Kentucky. This
action will take place following the conversion of Alliance Bank, FSB,
Somerset, Kentucky, from a federal savings bank, to a state nonmember
bank.
2. First Security Bancorp, Searcy, Arkansas; to acquire an
additional 75.88 percent, for a total of 100 percent, of the voting
shares of Baxter County Bancshares, Inc., Mountain Home, Arkansas, and
thereby indirectly acquire Peoples Bank and Trust Company, Mountain
Home, Arkansas.
Board of Governors of the Federal Reserve System, November 25,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-31977 Filed 11-30-98; 8:45 am]
BILLING CODE 6210-01-F
