[Federal Register Volume 61, Number 251 (Monday, December 30, 1996)]
[Notices]
[Pages 68756-68757]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-33160]
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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
[[Page 68757]]
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 January 24, 1997.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Amcore Financial, Inc., Rockford, Illinois; to acquire 100
percent of the voting shares of First National Bancorp, Inc., Monroe,
Wisconsin, and thereby indirectly acquire First National Bank & Trust,
Monroe, Wisconsin.
2. Michigan Heritage Bancorp, Inc., Novi, Michigan; to become a
bank holding company by acquiring 100 percent of the voting shares of
Michigan Heritage Bank, Novi, Michigan (in organization).
3. Vanderbilt Holding Company, Inc., Fairfax, Iowa; to become a
bank holding company by acquiring 100 percent of the voting shares of
Fairfax State Savings Bank, Fairfax, Iowa.
4. Vermilion Bancorp, Inc., Danville, Illinois; to become a bank
holding company by acquiring 100 percent of the voting shares of
American Savings Bank of Danville, Danville, Illinois.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Union Planters Corporation, Memphis, Tennessee; to acquire 100
percent of the voting shares of SBT Bancshares, Inc., Selmer,
Tennessee, and thereby indirectly acquire Selmer Bank & Trust Company,
Selmer, Tennessee.
C. Federal Reserve Bank of San Francisco (Kenneth R. Binning,
Director, Bank Holding Company) 101 Market Street, San Francisco,
California 94105:
1. TRP Acquisition Corporation, Burr Ridge, Illinois; to becoming a
bank holding company by acquiring at least 19.9 percent of the voting
shares of Trans Pacific Bancorp, San Francisco, California, and thereby
indirectly acquire Trans Pacific National Bank, San Francisco,
California.
Board of Governors of the Federal Reserve System, December 24,
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-33160 Filed 12-27-96; 8:45 am]
BILLING CODE 6210-01-F
