[Federal Register Volume 62, Number 22 (Monday, February 3, 1997)]
[Notices]
[Pages 5007-5008]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-2527]
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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
[[Page 5008]]
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). 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 February 27, 1997.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. First Equity Corp., Skokie, Illinois; to become a bank holding
company by acquiring 100 percent of the voting shares of 1st Equity
Bank, Skokie, Illinois, a de novo bank.
Board of Governors of the Federal Reserve System, January 28,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-2527 Filed 1-31-97; 8:45 am]
BILLING CODE 6210-01-F
