[Federal Register Volume 63, Number 57 (Wednesday, March 25, 1998)]
[Notices]
[Pages 14464-14465]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-7807]
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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 20, 1998.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Interchange Financial Services Corporation, Saddle Brook, New
Jersey; to acquire 100 percent of the voting shares of The Jersey Bank
for Savings, Montvale, New Jersey.
B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. Regions Financial Corporation, Birmingham, Alabama; to merge
with First Commercial Corporation, Little Rock, Arkansas, and thereby
indirectly acquire First Commercial Bank, N.A., Little Rock, Arkansas;
Morrilton Security Bank, N.A., Morrilton, Arkansas; First National Bank
of Russellville, Russellville, Arkansas; First National Bank of Conway,
Conway, Arkansas; First Commercial Bank of Memphis, N.A., Memphis,
Tennessee; The Security Bank, Harrison, Arkansas; Benton State Bank,
Benton, Arkansas; Arkansas Bank and Trust Company, Hot Springs,
Arkansas; Farmers and Merchants Bank, Rogers, Arkansas; Clinton State
Bank, Clinton, Arkansas; Tyler Bank and Trust, N.A., Tyler, Texas;
Lufkin National Bank, Lufkin, Texas; Longview National Bank, Longview,
Texas; Stone Fort National Bank of Nacogdoches, Nacogdoches, Texas;
State First National Bank,
[[Page 14465]]
Texarkana, Texas; State First National Bank, Texarkana, Arkansas;
Kilgore First National Bank, Kilgore, Texas; First National Bank of
Palestine, Palestine, Texas; First National Bank of Nashville,
Nashville, Arkansas; Citizens First Bank, El Dorado, Arkansas; Citizens
First Bank, Fordyce, Arkansas; Citizens First Bank, Arkadelphia,
Arkansas; Arkansas State Bank, Clarksville, Arkansas; First National
Bank of Searcy, Searcy, Arkansas; First Bank of Arkansas, Jonesboro,
Arkansas; Springhill Bancshares, Inc., Springhill, Louisiana, and its
subsidiary, Springhill Bank and Trust Company, Springhill, Louisiana;
and TRH Bank Group, Inc., Norman, Oklahoma, and its subsidiary,
Security National Bank & Trust Company, Norman, Oklahoma, and Oklahoma
National Bank of Duncan, Duncan, Oklahoma.
In connection with this application, Applicant has also applied to
acquire First Commercial Mortgage Company, N.A., Little Rock, Arkansas,
and thereby engage in making and servicing loans, pursuant to Sec.
225.28(b)(1) of the Board's Regulation Y.
In addition Applicant has also applied to acquire First Commercial
Trust Company, N.A., Little Rock, Arkansas, and thereby engage in trust
department functions and related investment advisory activities,
pursuant to Secs. 225.28(b)(5) and 225.28(b)(6) of the Board's
Regulation Y.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. Union Planters Corporation, Memphis, Tennessee, and its second
tier subsidiary, Union Planters Holding Corporation, Memphis,
Tennessee; to acquire 100 percent of the voting shares of and thereby
merge with Magna Group, Inc., St. Louis, Missouri, and thereby
indirectly acquire HBC Acquisition Sub, Inc., St. Louis, Missouri, and
Magna Bank, National Association, St. Louis, Missouri.
In connection with this application, Applicants have also applied
to acquire Magna Group, Inc., St. Louis, Missouri, and thereby
indirectly acquire Charter Bank, S.B., Sparta, Illinois, and thereby
engage in the operation of a thrift, pursuant to Sec. 225.28(b)(4)(ii)
of the Board's Regulation Y.
D. 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 of Grants, Grants, New
Mexico.
E. Federal Reserve Bank of Kansas City (D. Michael Manies,
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri
64198-0001:
1. Giltner Investment Partnership II, Ltd., Omaha, Nebraska, a de
novo bank; to become a bank holding company by acquiring 60 percent of
the voting shares of The Avoca Company, Omaha, Nebraska, and thereby
indirectly acquire The Farmers State Bank of Nebraska, Bennet,
Nebraska.
F. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager
of Analytical Support, Consumer Regulation Group) 101 Market Street,
San Francisco, California 94105-1579:
1. Home Valley Bancorp, Cave Junction, Oregon; to become a bank
holding company by acquiring 100 percent of the voting shares of Home
Valley Bank, Cave Junction, Oregon.
Board of Governors of the Federal Reserve System, March 20,
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-7807 Filed 3-24-98; 8:45 am]
BILLING CODE 6210-01-F
