[Federal Register Volume 61, Number 60 (Wednesday, March 27, 1996)]
[Notices]
[Pages 13496-13497]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-7321]
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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 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). Any request for a
hearing 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, 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 19, 1996.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Firstar Corporation, Milwaukee, Wisconsin, and Firstar
Corporation of Minnesota, Milwaukee, Wisconsin; to merge with Jacob
Schmidt Company, St. Paul, Minnesota, and American Bancorporation,
Inc., St. Paul, Minnesota, and thereby indirectly acquire American
Bank, N.A., St. Paul, Minnesota; American Commercial Bank, St. Paul,
Minnesota; American Bank Lake City, Lake City, Minnesota; and American
Bank Moorhead, Moorhead, Minnesota.
In connection with this application, Applicants also have allied to
acquire American Credit Corporation, St. Paul, Minnesota, and Lake City
Agency, Inc.,
[[Page 13497]]
Lake City, Minnesota, and thereby engage in making and servicing loans,
pursuant to Sec. 225.25(b)(1)(iv) of the Board's Regulation Y; and in
insurance agency activities, pursuant to Sec. 225.25(b)(8)(iv) of the
Board's Regulation Y.
B. Federal Reserve Bank of San Francisco (Kenneth R. Binning,
Director, Bank Holding Company) 101 Market Street, San Francisco,
California 94105:
1. Security Bank Holding Company, and Security Bank Holding Company
Employee Stock Ownership Plan, both of Coos Bay, Oregon; to acquire not
less than 51 percent of the voting shares of Lincoln Security Bank,
Newport, Oregon (in organization).
Board of Governors of the Federal Reserve System, March 21,
1996.
William W. Wiles,
Secretary of the Board.
[FR Doc. 96-7321 Filed 3-26-96; 8:45 am]
BILLING CODE 6210-01-F
