98-4797. Formations of, Acquisitions by, and Mergers of Bank Holding Companies  

  • [Federal Register Volume 63, Number 37 (Wednesday, February 25, 1998)]
    [Notices]
    [Page 9547]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 98-4797]
    
    
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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. 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 March 23, 1998.
        A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
    Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
        1. Citizens Bancshares, Inc., Salineville, Ohio; to acquire 100 
    percent of the voting shares of Century Financial Corporation, 
    Rochester, Pennsylvania, and thereby indirectly acquire Century 
    National Bank and Trust Company, Rochester, Pennsylvania.
        B. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
    President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 
    55480-0291:
        1. Norwest Corporation, Minneapolis, Minnesota; to acquire 100 
    percent of the voting shares of First Bank, Katy, Texas.
        C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
    Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
    64198-0001:
        1. Bethany Bancshares, Inc., Bethany, Missouri; to acquire up to 
    100 percent of the voting shares of Gallatin/New Hampton Bancshares, 
    Inc., Albany, Missouri, and thereby indirectly acquire Bank of 
    Gallatin/First State Bank, Gallatin, Missouri.
    
        Board of Governors of the Federal Reserve System, February 20, 
    1998.
    Jennifer J. Johnson,
    Deputy Secretary of the Board.
    [FR Doc. 98-4797 Filed 2-24-98; 8:45 am]
    BILLING CODE 6210-01-F
    
    
    

Document Information

Published:
02/25/1998
Department:
Federal Reserve System
Entry Type:
Notice
Document Number:
98-4797
Pages:
9547-9547 (1 pages)
PDF File:
98-4797.pdf