[Federal Register Volume 59, Number 133 (Wednesday, July 13, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16895]
[[Page Unknown]]
[Federal Register: July 13, 1994]
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FEDERAL COMMUNICATIONS COMMISSION
FEDERAL RESERVE SYSTEM
Community Bankshares, Inc., et al.; Formations of; Acquisitions by;
and Mergers of Bank Holding Companies
The companies listed in this notice have applied for the Board's
approval under section 3 of the Bank Holding Company Act (12 U.S.C.
1842) and Sec. 225.14 of the Board's Regulation Y (12 CFR 225.14) to
become a bank holding company or to acquire a bank or bank holding
company. The factors that are considered in acting on the applications
are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)).
Each 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 to the Reserve Bank or to the offices of the Board of
Governors. Any comment on an application that requests a hearing must
include a statement of why a written presentation would not suffice in
lieu of a hearing, identifying specifically any questions of fact that
are in dispute and summarizing the evidence that would be presented at
a hearing.
Unless otherwise noted, comments regarding each of these
applications must be received not later than August 6, 1994.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Community Bankshares, Inc., Cornelia, Georgia, to acquire 100
percent of the voting shares of The Bank of Troup County, LaGrange,
Georgia.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. First National Bancorp, Inc., Joliet, Illinois, to acquire 100
percent of the voting shares of Community Bank of Plano, Plano,
Illinois, and thereby indirectly acquire Plano Bancshares, Inc., Plano,
Illinois.
2. Panhandle Aviation, Inc., Clarinda, Iowa, to acquire 100 percent
of the voting shares of Bank Altoona, Altoona, Iowa, a de novo bank.
3. Peotone Bancorp, Inc., Peotone, Illinois, to acquire by merger
through its subsidiary Southwest Bancorp, Inc., Worth, Illinois, 100
percent of the voting shares of Minooka Bancorp, Inc., Minooka,
Illinois, and thereby indirectly acquire 100 percent of the voting
shares of Tri-County Bank of Minooka, Minooka, Illinois; 100 percent of
Westbanco Bancorp, Inc., Westville, Illinois, and thereby indirectly
acquire at least 82.02 percent of First National Bank of Westville,
Westville, Illinois; and an additional 4.7 percent, for a total of
19.61 percent, of the voting shares of Founders Bancorp, Inc.,
Scottsdale, Arizona, and thereby indirectly acquire Founders Bank of
Arizona, Scottsdale, Arizona.
4. Philipps Investment Company Limited Partnership, Spring Hill,
Florida, to become a bank holding company by acquiring 53 percent of
the voting shares of Gratiot Bancshares, Inc., Gratiot, Wisconsin, and
thereby indirectly acquire Gratiot State Bank, Gratiot, Wisconsin.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Community Bancshares, Inc., Irvington, Illinois, to become a
bank holding company by acquiring 100 percent of the voting shares of
Community Trust Bank, Irvington, Illinois.
D. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. Southeast Bancshares, Inc., Chanute, Kansas, to acquire 82.5
percent of the voting shares of Fall River State Bank, Fall River,
Kansas. Comments regarding this application must be received no later
than July 22, 1994.
E. Federal Reserve Bank of San Francisco (Kenneth R. Binning,
Director, Bank Holding Company) 101 Market Street, San Francisco,
California 94105:
1. Community Bancorporation, Orem, Utah, to become a bank holding
company by acquiring 100 percent of the voting shares of Western
Community Bank, Orem, Utah.
2. Salinas Valley Bancorp, Salinas, California, to become a bank
holding company by acquiring 100 percent of the voting shares of Bank
of Salinas, Salinas, California.
Board of Governors of the Federal Reserve System, July 7, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-16895 Filed 7-12-94; 8:45 am]
BILLING CODE 6210-01-F
