[Federal Register Volume 60, Number 115 (Thursday, June 15, 1995)]
[Notices]
[Pages 31468-31469]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-14648]
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FEDERAL RESERVE SYSTEM
Lincoln Bancorp; 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,
[[Page 31469]] 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 10, 1995.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Lincoln Bancorp, Reinbeck, Iowa; to acquire 100 percent of the
voting shares Garwin Bancorporation, Garwin, Iowa, and thereby
indirectly acquire Farmers Saving Bank, Garwin, Iowa.
In connection with this application, Lincoln Bancorp has also
applied to acquire the insurance business that is conducted directly at
Garwin Bancorporation and engage in the sale of insurance in a town of
less than 5,000 in population pursuant to Sec. 225.25(b)(8)(iii) of
the Board's Regulation Y.
Board of Governors of the Federal Reserve System, June 9, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-14648 Filed 6-14-95; 8:45 am]
BILLING CODE 6210-01-F
