[Federal Register Volume 62, Number 61 (Monday, March 31, 1997)]
[Notices]
[Page 15185]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8001]
[[Page 15185]]
-----------------------------------------------------------------------
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. 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 24, 1997.
A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. Seacoast Banking Corporation of Florida, Stuart, Florida; to
merge with Port St. Lucie National Bank Holding Corporation, Port St.
Lucie, Florida, and thereby indirectly acquire Port St. Lucie National
Bank, Port St. Lucie, Florida.
In connection with this application, Applicant also has applied to
acquire Spirit Mortgage Company, Port St. Lucie, Florida, and thereby
engage in making, acquiring, or servicing loans or other extensions of
credit, pursuant to Sec. 225.25(b)(1)(iii) of the Board's Regulation
Y. The proposed activity will be conducted throughout the State of
Florida.
B. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
1. Adams Bancshares, Inc., Employee Stock Ownership Plan, Adams,
Minnesota; to become a bank holding company by acquiring 30.02 percent
of the voting shares of Adams Bancshares, Inc., Adams, Minnesota, and
thereby indirectly acquire Farmers State Bank of Adams, Adams,
Minnesota.
Board of Governors of the Federal Reserve System, March 25,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-8001 Filed 3-28-97; 8:45 am]
BILLING CODE 6210-01-F
