[Federal Register Volume 59, Number 84 (Tuesday, May 3, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-10494]
[[Page Unknown]]
[Federal Register: May 3, 1994]
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FEDERAL MARITIME COMMISSION
Consolidated Equity Corporation, et al.; Formations of,
Acquisitions by, and Mergers of Bank Holding Companies; and
Acquisitions of Nonbanking Companies
The companies listed in this notice have applied under Sec. 225.14
of the Board's Regulation Y (12 CFR 225.14) for the Board's approval
under section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to
become a bank holding company or to acquire voting securities of a bank
or bank holding company. The listed companies have also applied under
Sec. 225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) for the
Board's approval under section 4(c)(8) of the Bank Holding Company Act
(12 U.S.C. 1843(c)(8)) and Sec. 225.21(a) of Regulation Y (12 CFR
225.21(a)) to acquire or control voting securities or assets of a
company engaged in a nonbanking activity that is listed in Sec. 225.25
of Regulation Y as closely related to banking and permissible for bank
holding companies, or to engage in such an activity. Unless otherwise
noted, these activities will be conducted throughout the United States.
The applications 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 question whether consummation of the proposal 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.'' Any request for a hearing on this question
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, 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 May 27, 1994.
A. Federal Reserve Bank of Kansas City (Stephen McBride, Assistant
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. Consolidated Equity Corporation, Purcell, Oklahoma; to become a
bank holding company by acquiring 100 percent of the voting shares of
American Interstate Bancshares, Inc., Woodward, Oklahoma, and thereby
indirectly acquire 85.89 percent of the voting shares of American
National Bank, Woodward, Oklahoma, and 98.27 percent of the voting
shares of First American Bank and Trust Company, Purcell, Oklahoma.
Applicant also proposes to retain mortgage and other notes receivable
pursuant to Sec. 225.25(b)(1) of the Board's Regulation Y.
B. Federal Reserve Bank of San Francisco (Kenneth R. Binning,
Director, Bank Holding Company) 101 Market Street, San Francisco,
California 94105:
1. BankAmerica Corporation, San Francisco, California; to acquire
100 percent of the voting shares of Continental Bank Corporation,
Chicago, Illinois, and thereby indirectly acquire Continental Bank,
N.A., Chicago, Illinois.
In connection with this application, Applicant has also applied to
acquire Continental Illinois Energy Devlopment Corporation, and thereby
engage in commercial lending pursuant to Sec. 225.25(b)(1) of the
Board's Regulation Y; Continental Illinois Trust Company of Florida,
N.A., Sarasota, Florida, and thereby engage in limited purpose national
bank performing trust company functions pursuant to Sec. 225.25(b)(3)
of the Board's Regulation Y; Continental Equity Capital Corporation,
Chicago, Illinois, and thereby engage in commercial financing pursuant
to Sec. 225.25(b)(1) of the Board's Regulation Y; Repechage Partners
Ltd., Chicago, Illinois, and thereby engage in asset management,
servicing and collection for third parties pursuant to Board Order
effective July 26, 1993 (79 Federal Reserve Bulletin 888 (September
1993); and acquire Continental Illinois Commercial Corporation,
Chicago, Illinois, and thereby engage in making, acquiring and
servicing for its own account or for the account of others secured and
unsecured loans and other extensions of credit pursuant to Sec.
225.25(b)(1) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, April 25,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-10494 Filed 5-2-94; 8:45 am]
BILLING CODE 6210-01-F
