[Federal Register Volume 61, Number 114 (Wednesday, June 12, 1996)]
[Notices]
[Page 29756]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-14848]
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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 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 July 8, 1996.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Hills Bancorporation, Hills, Iowa; to acquire 100 percent of the
voting shares of Hills Bank Kalona, Kalona, Iowa, a de novo bank.
2. Landmark Financial Group, Inc., Belvidere, Illinois; to acquire
100 percent of the voting shares of Alpine Bancorporation, Inc.,
Rockford, Illinois, and thereby indirectly acquire Alpine Bank
Illinois, Rockford, Illinois.
3. North Shore Community Bancorp, Inc., Wilmette, Illinois (which
will be renamed Wintrust Financial Corporation); to acquire 100 percent
of the voting shares of Lake Forest Bancorp, Inc., Lake Forest,
Illinois, Hinsdale Bancorp, Inc., Hinsdale, Illinois, and Libertyville
Bancorp, Inc., Libertyville, Illinois, and thereby indirectly acquire
Lake Forest Bank & Trust Company, Lake Forest, Illinois, Hinsdale Bank
& Trust Company, Hinsdale, Illinois, and Libertyville Bank & Trust
Company, Libertyville, Illinois.
In connection with this application, Applicant also has applied to
acquire Crabtree Capital Corporation, Schaumburg, Illinois, and thereby
engage through its wholly-owned subsidiary, First Premium Services,
Inc., Deerfield, Illinois, in making and servicing loans for the
financing of commercial insurance premiums, pursuant to Sec.
225.25(b)(1) of the Board's Regulation Y.
B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. First Fidelity Bancorp, Inc., Oklahoma City, Oklahoma; to
acquire 100 percent of the voting shares of Comban Shares, Inc.,
Oklahoma City, Oklahoma, and thereby indirectly acquire Community Bank
& Trust Company, Oklahoma City, Oklahoma.
C. Federal Reserve Bank of San Francisco (Kenneth R. Binning,
Director, Bank Holding Company) 101 Market Street, San Francisco,
California 94105:
1. CU Bancorp, Encino, California; to merge with Home Interstate
Bancorp, Signal Hill, California, and thereby indirectly acquire Home
Bank, Signal Hill, California.
Board of Governors of the Federal Reserve System, June 6, 1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-14848 Filed 6-11-96; 8:45 am]
BILLING CODE 6210-01-F
