[Federal Register Volume 61, Number 123 (Tuesday, June 25, 1996)]
[Notices]
[Pages 32816-32817]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-16087]
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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
[[Page 32817]]
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 19, 1996.
A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President)
600 Atlantic Avenue, Boston, Massachusetts 02106:
1. Service Bancorp, MHC, Medway, Massachusetts; to become a bank
holding company by acquiring 100 percent of the voting shares of Medway
Savings Bank, Medway, Massachusetts.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Farmers State Bancshares, Inc., Mason City, Iowa; to become a
bank holding company by acquiring 94.3 percent of the voting shares of
Farmers State Bank, Northwood, Iowa.
2. Great Lakes Financial Resources, Inc., ESOP, Matteson, Illinois;
to acquire 52.2 percent of the voting shares of Great Lakes Financial
Resources, Inc., Matteson, Illinois, and thereby indirectly acquire
Bank of Homewood, Homewood, Illinois, Bank of Matteson, Matteson,
Illinois, and First National Bank of Blue Island, Blue Island,
Illinois.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Arkansas Banking Company, Jonesboro, Arkansas; to acquire 100
percent of the voting shares of Mercantile Bank of Batesville, N.A.,
Batesville, Arkansas. Comments regarding this application must be
received not later than July 16, 1996.
D. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Texas Bancorp, Inc., San Angelo, Texas, and San Angelo Bancorp,
Inc., Dover, Delaware; to become a bank holding companies by acquiring
100 percent of the voting shares of Texas State Bank, San Angelo,
Texas.
Board of Governors of the Federal Reserve System, June 19, 1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-16087 Filed 6-24-96; 8:45 am]
BILLING CODE 6210-01-F
