[Federal Register Volume 63, Number 55 (Monday, March 23, 1998)]
[Notices]
[Page 13857]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-7364]
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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 April 16, 1998.
A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Anson Bancorp, Inc., Wadesboro, North Carolina; to become a bank
holding company by acquiring 100 percent of the voting shares of Anson
Savings Bank, SSB, Wadesboro, North Carolina.
2. BB&T Corporation, Winston-Salem, North Carolina; and BB&T
Financial Corporation of Virginia, Virginia Beach, Virginia; to acquire
100 percent of the voting shares of Franklin Bancorporation, Inc.,
Washington, D.C., and thereby indirectly acquire Franklin National Bank
of Washington, D.C., Washington, D.C.
B. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. Capitol Bancorp, Ltd., Lansing, Michigan; and Sun Community
Bancorp Limited, Phoenix, Arizona; to acquire 51 percent of the voting
shares of Southern Arizona Community Bank, Tuscon, Arizona, a de novo
bank, and Biltmore Community Bank, Phoenix, Arizona, a de novo bank.
C. Federal Reserve Bank of Kansas City (D. Michael Manies,
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri
64198-0001:
1. CountryBanc Holding Company, Edmond, Oklahoma; to acquire 99.4
percent of the voting shares of Home State Bank, Hobart, Oklahoma.
D. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager
of Analytical Support, Consumer Regulation Group) 101 Market Street,
San Francisco, California 94105-1579:
1. Greater Bay Bancorp, Palo Alto, California; to merge with
Pacific Rim Bancorporation, San Francisco, California, and thereby
indirectly acquire Golden Gate Bank, San Francisco, California.
Board of Governors of the Federal Reserve System, March 17,
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-7364 Filed 3-20-98; 8:45 am]
BILLING CODE 6210-01-F
