[Federal Register Volume 63, Number 102 (Thursday, May 28, 1998)]
[Notices]
[Page 29220]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-14051]
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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 19, 1998.
A. Federal Reserve Bank of Boston (Richard Walker, Community
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
1. The 1855 Bancorp, New Bedford, Massachusetts; to acquire 100
percent of the voting shares of Sandwich Bancorp, Inc., Sandwich,
Massachusetts, and thereby indirectly acquire Sandwich Cooperative
Bank, Sandwich, Massachusetts.
B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Triangle Bancorp, Inc., Raleigh, North Carolina; to acquire 100
percent of the voting shares of the successor by conversion to United
Federal Savings Bank, Rocky Mount, North Carolina.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. National Commerce Bancorporation, Memphis, Tennessee; to acquire
100 percent of the voting shares of CBC Bancshares, Inc., Collierville,
Tennessee, and thereby indirectly acquire The Citizens Bank,
Collierville, Tennessee.
2. Union Planters Corporation, and Union Planters Holding
Corporation, both of Memphis, Tennessee; to acquire 100 percent of the
voting shares of, and thereby merge with AMBANC Corp., Vincennes,
Indiana, and thereby indirectly acquire Ambank Indiana, N.A.,
Vincennes, Indiana, and Ambank Illinois, N.A., Robinson, Illinois.
D. Federal Reserve Bank of Dallas (W. Arthur Tribble, President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Spring Hill Holdings Corporation, Longview, Texas, and Spring
Hill (Delaware), Inc., Wilmington, Delaware; to become bank holding
companies by acquiring 100 percent of the voting shares of Spring Hill
State Bank, Longview, Texas.
Board of Governors of the Federal Reserve System, May 21, 1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-14051 Filed 5-27-98; 8:45 am]
BILLING CODE 6210-01-F
