[Federal Register Volume 64, Number 98 (Friday, May 21, 1999)]
[Notices]
[Page 27793]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-12833]
[[Page 27793]]
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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 14, 1999.
A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. HCNB Bancorp, Inc., Rockville, Maryland; to become a bank
holding company by acquiring 100 percent of the voting shares of Harbor
Capital National Bank, Rockville, Maryland (in organization).
2. M&F Bancorp, Inc., Durham, North Carolina; to become a bank
holding company by acquiring 100 percent of the voting shares of
Merchants and Farmers Bank, Durham, North Carolina.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. South Central Bancshares of Kentucky, Inc., Horse Cave,
Kentucky; to become a bank holding company by acquiring 100 percent of
the voting shares of South Central Bancshares of River City, Inc.,
Owensboro, Kentucky, and thereby indirectly acquire South Central Bank
of Daviess County, Inc., Owensboro, Kentucky; First United Bancshares,
Inc., Glasgow, Kentucky, and thereby indirectly acquire South Central
Bank of Barren County, Inc., Glasgow, Kentucky; and United Central
Bancshares, Inc., Bowling Green, Kentucky, and thereby indirectly
acquire South Central Bank of Bowling Green, Inc., Bowling Green,
Kentucky.
In connection with this application, South Central Bancshares of
River City, Inc., Owensboro, Kentucky; also has applied to become a
bank holding company by acquiring 100 percent of the voting shares of
South Central Bank of Daviess County, Inc.,Owensboro, Kentucky.
Board of Governors of the Federal Reserve System, May 17, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-12833 Filed 5-20-99; 8:45 am]
BILLING CODE 6210-01-F
