[Federal Register Volume 62, Number 79 (Thursday, April 24, 1997)]
[Notices]
[Pages 20011-20012]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-10584]
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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
[[Page 20012]]
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 May 17, 1997.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. Shorebank Corporation, Chicago, Illinois; to acquire 100 percent
of the voting shares of Shorebank Pacific Corporation, Ilwaco,
Washington, and thereby indirectly acquire ShoreTrust Bank, Seattle,
Washington.
In connection, Shorebank Pacific Corporation, Ilwaco, Washington;
proposes to become a bank holding company, and to become affilated with
ShoreTust Trading Group, Inc., a non-profit busines development
corporation, and to thereby engage in community development activities
pursuant to Sec. 225.25(b)(6) of the Board's Regulation Y.
B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
1. Poteau Bancshares, Inc., Poteau, Oklahoma; to become a bank
holding company by acquiring 85.85 percent of the voting shares of
First Poteau Corporation, Poteau, Oklahoma, and thereby indirectly
acquire Poteau State Bank, Poteau, Oklahoma.
Board of Governors of the Federal Reserve System, April 18,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-10584 Filed 4-23-97; 8:45 am]
BILLING CODE 6210-01-F
