[Federal Register Volume 63, Number 92 (Wednesday, May 13, 1998)]
[Notices]
[Page 26607]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-12657]
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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 June 8, 1998.
A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Union Bankshares Corporation, Bowling Green, Virginia; to merge
with Rappahannock Bankshares, Inc., Washington, Virginia, and thereby
indirectly acquire The Rappahannock National Bank of Washington,
Washington, Virginia.
B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. First TeleBanc Corporation, Sanford, Florida; to become a bank
holding company by acquiring 100 percent of the voting shares of Boca
Raton First National Bank, Boca Raton, Florida.
2. Regions Financial Corporation, Birmingham, Alabama; to merge
with Villages Bankshares, Inc., Tampa, Florida, and thereby indirectly
acquire The Village Bank of Florida, Tampa, Florida.
3. Regions Financial Corporation, Birmingham, Alabama; to merge
with First Community Banking Services (formerly Fayette County
Bancshares), Peachtree City, Georgia, and thereby indirectly acquire
First Community Bank (formerly Fayette County Bank), Peachtree City,
Georgia
4. Regions Financial Corporation, Birmingham, Alabama; to acquire
100 percent of the voting shares of Etowah Bank, Canton, Georgia.
Board of Governors of the Federal Reserve System, May 8, 1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-12657 Filed 5-12-98; 8:45 am]
BILLING CODE 6210-01-F
