[Federal Register Volume 62, Number 64 (Thursday, April 3, 1997)]
[Notices]
[Page 15895]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8486]
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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. 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 28, 1997.
A. Federal Reserve Bank of Cleveland (R. Chris Moore, Senior Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
1. BNB Bancorp, Inc., Brookville, Ohio; to become a bank holding
company by acquiring 100 percent of the voting shares of Brookville
National Bank, Brookville, Ohio.
B. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
1. Bay Bankcorp, Inc., St. Paul, Minnesota; to become a bank
holding company by acquiring 100 percent of the voting shares of
Baybank, Gladstone, Michigan.
2. Sankovitz Family Limited Partnership, and Frankson Investment
Corporation, both of Waseca, Minnesota; to acquire 100 percent of the
voting shares of Bank of Ellendale, Ellendale, Minnesota.
Board of Governors of the Federal Reserve System, March 28,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-8486 Filed 4-2-97; 8:45 am]
BILLING CODE 6210-01-F
