94-9735. Corestates Financial Corp.; Formation of, Acquisition by, or Merger of Bank Holding Companies

[Federal Register Volume 59, Number 78 (Friday, April 22, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-9735]


[[Page Unknown]]

[Federal Register: April 22, 1994]


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FEDERAL RESERVE SYSTEM
 

Corestates Financial Corp.; Formation of, Acquisition by, or 
Merger of Bank Holding Companies

    The company listed in this notice has applied for the Board's 
approval under section 3 of the Bank Holding Company Act (12 U.S.C. 
1842) and Sec.  225.14 of the Board's Regulation Y (12 CFR 225.14) to 
become a bank holding company or to acquire a bank or bank holding 
company. The factors that are considered in acting on the applications 
are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)).
    The 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 to the Reserve Bank indicated for that application or to the 
offices of the Board of Governors. Any comment on an application that 
requests a hearing must include a statement of why a written 
presentation would not suffice in lieu of a hearing, identifying 
specifically any questions of fact that are in dispute and summarizing 
the evidence that would be presented at a hearing.
    Comments regarding this application must be received not later than 
May 16, 1994.
    A. Federal Reserve Bank of Philadelphia (Thomas K. Desch, Vice 
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
    1. Corestates Financial Corp., Philadelphia, Pennsylvania; to 
acquire 100 percent of the voting shares of The Clayton Savings and 
Loan Association, Wilmington, Delaware, which will convert to New 
Clayton Bank, Wilmington, Delaware.

    Board of Governors of the Federal Reserve System, April 18, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-9735 Filed 4-21-94; 8:45 am]
BILLING CODE 6210-01-F