[Federal Register Volume 61, Number 93 (Monday, May 13, 1996)]
[Notices]
[Pages 22058-22059]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-11849]
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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
[[Page 22059]]
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 June 7, 1996.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. ABC Bancorp, Inc., Moultrie, Georgia; to merge with Central
Bankshares, Inc., Cordele, Georgia, and thereby indirectly acquire
Central Bank & Trust, Cordele, Georgia.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Prairieland Employee Stock Ownership Plan, Bushnell, Illinois;
to acquire an additional 5 percent for a total of 35 percent of the
voting shares of Prairieland Bancorp, Inc., Bushnell, Illinois, and
thereby indirectly acquire Farmers & Merchants State Bank, Bushnell,
Illinois.
Board of Governors of the Federal Reserve System, May 7, 1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-11849 Filed 5-10-96; 8:45 am]
BILLING CODE 6210-01-F
