[Federal Register Volume 59, Number 114 (Wednesday, June 15, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-14506]
[[Page Unknown]]
[Federal Register: June 15, 1994]
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FEDERAL RESERVE SYSTEM
First American Bank Group, Ltd.; Formation of, Acquisition by, or
Merger of Bank Holding Companies; and Acquisition of Nonbanking Company
The company listed in this notice has 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 company has 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 application is 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.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
July 8, 1994.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. First American Bank Group, Ltd., Fort Dodge, Iowa; to acquire 81
percent of the voting shares of Hill Investment Company, Jewell, Iowa,
and thereby indirectly acquire Farmers State Bank, Jewell, Iowa; 97
percent of the voting shares of Story County Bancorporation, Jewell,
Iowa, and thereby indirectly acquire American State Bank, Ames, Iowa;
and 82 percent of the voting shares of Agri Bancorporation, Webster
City, Iowa, and thereby indirectly acquire Farmers Bank & Trust,
Webster City, Iowa.
In connection with this application, Applicant also proposes to
acquire 88 percent of the voting shares of First American Credit
Corporation, Fort Dodge, Iowa, and thereby engage in making and
servicing loans pursuant to Sec. 225.25(b)(1); and 88 percent of the
voting shares of Hill Land Company, Fort Dodge, Iowa, and thereby
engage in investing in corporations or projects engaged in community
development pursuant to Sec. 225.25(b)(6) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, June 8, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-14506 Filed 6-14-94; 8:45 am]
BILLING CODE 6210-01-F
