96-3341. Magnolia Bancorp, Inc.; Formation of, Acquisition by, or Merger of Bank Holding Companies

[Federal Register Volume 61, Number 32 (Thursday, February 15, 1996)]
[Notices]
[Page 6014]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3341]



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FEDERAL RESERVE SYSTEM

Magnolia Bancorp, Inc.; Formation of, Acquisition by, or Merger 
of Bank Holding Companies

    The company listed in this notice has applied for the Board's 
approval under section 3 of the Bank Holding Company Act (12 U.S.C. 
1842) and Sec.  225.14 of the Board's Regulation Y (12 CFR 225.14) to 
become a bank holding company or to acquire a bank or bank holding 
company. The factors that are considered in acting on the applications 
are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)).
    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 to the Reserve Bank indicated for that application or to the 
offices of the Board of Governors. Any comment on an application that 
requests a hearing must include a statement of why a written 
presentation would not suffice in lieu of a hearing, identifying 
specifically any questions of fact that are in dispute and summarizing 
the evidence that would be presented at a hearing.
    Comments regarding this application must be received not later than 
March 11, 1996.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Magnolia Bancorp, Inc., Magnolia, Ohio; to become a bank holding 
company by acquiring 100 percent of the voting shares of The Bank of 
Magnolia Company, Magnolia, Ohio.

    Board of Governors of the Federal Reserve System, February 9, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-3341 Filed 2-14-96; 8:45 am]
BILLING CODE 6210-01-F