[Federal Register Volume 60, Number 247 (Tuesday, December 26, 1995)]
[Notices]
[Page 66801]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-31231]
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FEDERAL RESERVE SYSTEM
Mercantile Bancorporation, Inc.; Formation of, Acquisition by, or
Merger of Bank Holding Companies; and Acquisition of Nonbanking Company
The company listed in this notice has applied under Sec. 225.14 of
the Board's Regulation Y (12 CFR 225.14) for the Board's approval under
section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to become a
bank holding company or to acquire voting securities of a bank or bank
holding company. The listed company also has given notice under Sec.
225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) for the under
section 4(c)(8) of the Bank Holding Company Act (12 U.S.C. 1843(c)(8))
and Sec. 225.21(a) of Regulation Y (12 CFR 225.21(a)) to acquire or
control voting securities or assets of a company engaged in a
nonbanking activity that is listed in Sec. 225.25 of Regulation Y as
closely related to banking and permissible for bank holding companies,
or to engage in such an activity. Unless otherwise noted, these
activities will be conducted throughout the United States.
The application is 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 question whether consummation of the proposal to
acquire the non-banking subsidiaries 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.''
Any request for a hearing on this question 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.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
January 19, 1996.
A. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. Mercantile Bancorporation, Inc., St. Louis, Missouri; to merge
its subsidiaries, Ameribanc, Inc., St. Louis, Missouri, with
MidAmerican Corporation, Inc., Roeland Park, Kansas, and thereby
indirectly acquire Mercantile Bank of Kansas, Overland Park, Kansas;
Mercantile Bank of Lawrence, Lawrence, Kansas; Mercantile Bank of
Topeka, Topeka, Kansas.
Applicant also proposes to acquire Mercantile Bank of Jackson
County, Kansas City, Missouri, a de novo bank.
In connection with this application, Applicant also has applied to
acquire MidAmerican Insurance Agency, Inc., Roeland Park, Kansas, and
thereby engage in owning and operating an insurance agency which
conducts grandfathered insurance agency activities, pursuant to Sec.
225.25(b)(8)(iv) of the Board's Regulation Y.
The proposed transaction is an internal reorganization. Ameribanc,
Inc., and MidAmerican Corporation are both wholly-owned subsidiaries of
Mercantile Bancorporation, Inc., Saint Louis, Missouri.
Board of Governors of the Federal Reserve System, December 19,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-31231 Filed 12-22-95; 8:45 am]
BILLING CODE 6210-01-F
