[Federal Register Volume 60, Number 48 (Monday, March 13, 1995)]
[Notices]
[Pages 13435-13436]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-6072]
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FEDERAL RESERVE SYSTEM
Larch Bancorporation, Inc., et al.; Acquisition of Companies
Engaged in Permissible Nonbanking Activities
The organizations listed in this notice have applied under Sec.
225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR 225.23(a)(2) or
(f)) for the Board's approval 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. Unless otherwise noted, such activities
will be conducted throughout the United States.
Each 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 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.
Unless otherwise noted, comments regarding each of these
applications must be received at the Reserve Bank indicated for the
application or the offices of the Board of Governors not later than
March 27, 1995.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Larch Bancorporation, Inc., Larchwood, Iowa; to acquire from its
subsidiary Security Savings Bank, Parchwood, Iowa, Security Insurance
Agency, Inwood, Iowa, and thereby engage in general insurance
activities in a town of less than 5,000. These activities will be
conducted in Inwood, Illinois, pursuant to Sec. 225.25(b)(8)(iii) of
the Board's Regulation Y.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. National City Bancshares, Inc., Evansville, Indiana; to acquire
United Financial Bancorp, Inc., Vincennes, Indiana, and United Federal
Savings Bank of Vincennes, Vincennes, Indiana, and thereby engage in
indirectly acquiring, controlling, and operating a federally-chartered
savings bank, pursuant to Sec. 225.25(b)(9) of the Board's Regulation
Y.
2. Turner Bancshares, Inc., Belgrade, Missouri; to acquire HDJ
Turner Company, Potosi, Missouri, previously [[Page 13436]] operating
as Potosi Abstract, Potosi, Missouri, and thereby engage in the sale of
title insurance in a town of less than 5,000, pursuant to Sec.
225.25(b)(8)(iii) of the Board's Regulation Y. This activity will be
conducted in Potosi, Missouri.
C. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. First Ainsworth Company, Ainsworth, Nebraska; to engage in
performing insurance activities in a town having a population not
exceeding 5,000 pursuant to Sec. 225.25(b)(8)(iii) of the Board's
Regulation Y. These activities will be conducted in Bassett, Nebraska.
Board of Governors of the Federal Reserve System, March 7, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-6072 Filed 3-10-95; 8:45 am]
BILLING CODE 6210-01-F
