[Federal Register Volume 63, Number 124 (Monday, June 29, 1998)]
[Notices]
[Page 35230]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17206]
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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. The application also will 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. 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 23, 1998.
A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
1. Citizens Bancshares, Inc., Salineville, Ohio; to merge with Mid
Am, Inc., Bowling Green, Ohio, and thereby indirectly acquire Adrian
State Bank, Adrian, Michigan; American Community Bank, N.A., Lima,
Ohio; Amerifirst Bank, N.A., Xenia, Ohio; First National Bank of
Northwestern Ohio, Bryan, Ohio; Mid American National Bank and Trust
Company, Toledo, Ohio; and Northside Deposit Bank, Pittsburgh,
Pennsylvania.
In connection with this application, Citizens Bancshares also has
applied to acquire MFI Investments Corp, Bryan, Ohio; Mid Am Recovery
Services, Inc., Clearwater, Florida; Mid Am Credit Corp, Columbus,
Ohio; Mid Am Financial Services, Inc., Carmel, Indiana; and Mid Am
Private Trust, N.S., Cincinnati, Ohio, and thereby engage directly in
permissible broker/dealer securities activities pursuant to Secs.
225.28(b)(7) and 225.28(b)(8) of Regulation Y; permissible collection
agency activities pursuant to Sec. 225.28(b)(2)(iv) of Regulation Y;
permissible lending and leasing activities pursuant to Secs.
225.28(b)(1) and 225.28(b)(3) of Regulation Y; permissible consumer
finance, lending, and loan servicing activities pursuant to Sec.
225.28(b)(1) of Regulation Y; and permissible trust company functions
pursuant to Sec. 225.28(b)(5) of Regulation Y.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. Mercantile Bancorporation Inc., St. Louis, Missouri; and its
wholly owned subsidiary, Ameribanc, Inc., St. Louis, Missouri, to
acquire 100 percent of the voting shares and merge with First Financial
Bancorporation, Iowa City, Iowa, and thereby indirectly acquire First
National Bank Iowa, Iowa City, Iowa.
C. Federal Reserve Bank of Kansas City (D. Michael Manies,
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri
64198-0001:
1. BancFirst Corporation, Oklahoma City, Oklahoma; to acquire 100
percent of the voting shares of AmQuest Financial Corporation, Duncan,
Oklahoma, and thereby indirectly acquire AmQuest Bank, N.A., Lawton,
Oklahoma, and Exchange National Bank and Trust Company, Ardmore,
Oklahoma.
D. Federal Reserve Bank of Dallas (W. Arthur Tribble, President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Violeta Investments, Ltd., Hebbronville, Texas; to become a bank
holding company by acquiring 9.18 percent of the voting shares of
Hebbronville State Bank, Hebbronville, Texas.
Board of Governors of the Federal Reserve System, June 23, 1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-17206 Filed 6-26-98; 8:45 am]
BILLING CODE 6210-01-F
