96-8442. Formations of, Acquisitions by, and Mergers of Bank Holding Companies  

  • [Federal Register Volume 61, Number 67 (Friday, April 5, 1996)]
    [Notices]
    [Page 15263]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 96-8442]
    
    
    
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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, including whether the acquisition of the nonbanking company can 
    ``reasonably be expected to produce benefits to the public, such as 
    greater convenience, increased competition, or gains in efficiency, 
    that outweigh possible adverse effects, such as undue concentration of 
    resources, decreased or unfair competition, conflicts of interests, or 
    unsound banking practices'' (12 U.S.C.      1843). Any request for a 
    hearing must be accompanied by a statement of the reasons a written 
    presentation would not suffice in lieu of a hearing, identifying 
    specifically any questions of fact that are in dispute, summarizing the 
    evidence that would be presented at a hearing, and indicating how the 
    party commenting would be aggrieved by approval of the proposal. 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 29, 1996.
        A. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
    President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
        1. Kanabec Credit Company, Mora, Minnesota; to acquire 5.5 percent 
    of the voting shares of First Citizens Financial Corp., Mason City, 
    Iowa, and thereby indirectly acquire First Citizens National Bank, 
    Mason City, Iowa.
        B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
    President) 925 Grand Avenue, Kansas City, Missouri 64198:
        1. Community Bancshares of Marysville, Inc., Marysville, Kansas; to 
    acquire 100 percent of the voting shares of Community State Bank, 
    Hanover, Kansas.
    
        Board of Governors of the Federal Reserve System, April 1, 1996.
    Jennifer J. Johnson,
    Deputy Secretary of the Board.
    [FR Doc. 96-8442 Filed 4-4-96; 8:45 am]
    BILLING CODE 6210-01-F
    
    

Document Information

Published:
04/05/1996
Department:
Federal Reserve System
Entry Type:
Notice
Document Number:
96-8442
Pages:
15263-15263 (1 pages)
PDF File:
96-8442.pdf