[Federal Register Volume 61, Number 238 (Tuesday, December 10, 1996)]
[Notices]
[Pages 65059-65060]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-31310]
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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
[[Page 65060]]
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 January 6, 1997.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Pinnacle Bancshares, Inc., Jasper, Alabama; to become a bank
holding company by acquiring 100 percent of the voting shares of
Pinnacle Bank, Jasper, Alabama.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. First Security Bancorp, Searcy, Arkansas; to acquire 100 percent
of the voting shares of First Community Bank, National Association,
Conway, Arkansas, a de novo bank, the successor by merger with First
Community Bank, Conway, Arkansas.
C. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Keene Bancorp, Inc. 401(K) Employee Stock Ownership Plan &
Trust, Keene, Texas; to acquire 30.87 percent of the voting shares of
Keene Bancorp, Inc., Keene, Texas, and thereby indirectly acquire First
State Bank, Keene, Texas, and Itasca State Bank, Itasca, Texas.
Board of Governors of the Federal Reserve System, December 4,
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-31310 Filed 12-9-96; 8:45 am]
BILLING CODE 6210-01-F
