[Federal Register Volume 63, Number 81 (Tuesday, April 28, 1998)]
[Notices]
[Page 23288]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11191]
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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 May 22, 1998.
A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
1. Star Banc Corporation, Cincinnati, Ohio; to acquire 100 percent
of the voting shares of Trans Financial, Inc., Bowling Green, Kentucky,
and thereby indirectly acquire Trans Financial Bank, NA, Bowling Green,
Kentucky, and Trans Financial Bank Tennessee, NA, Nashville, Tennessee.
B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Community Bankshares, Inc., Orangeburg, South Carolina; to
acquire 100 percent of the voting shares of Florence National Bank,
Florence, South Carolina (in organization).
C. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice
President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota
55480-0291:
1. Avon State Bank Employee Stock Ownership Plan, Avon, Minnesota;
to acquire 36.1 percent of the votings shares of Avon Bancshares, Inc.,
Avon, Minnesota, and thereby indirectly acquire Avon State Bank, Avon,
Minnsota.
D. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager
of Analytical Support, Consumer Regulation Group) 101 Market Street,
San Francisco, California 94105-1579:
1. Heritage Financial Corporation, Olympia, Washington; to merge
with North Pacific Bancorporation, Tacoma, Washington, and thereby
indirectly acquire North Pacific Bank, Tacoma, Washington.
Board of Governors of the Federal Reserve System, April 22,
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-11191 Filed 4-27-98; 8:45 am]
BILLING CODE 6210-01-F
