[Federal Register Volume 61, Number 136 (Monday, July 15, 1996)]
[Notices]
[Pages 36883-36884]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-17898]
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[[Page 36884]]
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 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 August 8, 1996.
A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
1. Centura Banks, Inc., Rocky Mount, North Carolina; to acquire 100
percent of the voting shares of FirstSouth Bank, Burlington, North
Carolina.
2. FNB Bancshares, Inc., Gaffney, South Carolina; to become a bank
holding company by acquiring 100 percent of the voting shares of First
National Bank of the Carolina, Gaffney, South Carolina.
3. Key Capital Corporation, Inc., Owings Mills, Maryland; to become
a bank holding company by acquiring 100 percent of the voting shares of
Key Bank and Trust, Randallstown, Maryland, successor to Key Federal
Savings Bank.
In connection with this application Key Capital Corporation, Inc.,
also has applied to engage in making, acquiring, or service loans or
other extensions of credit, including issuing letters of credit and
accepting drafts, for Key Capital Corporation, Inc., or for the account
of others, such as would be made by consumer finance, credit card,
mortgage, and commercial finance companies, pursuant to Secs.
225.25(b)(1)(i),(ii),(iii), and (iv) of the Board's Regulation Y.
B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. The Maddox Corporation, Blakely, Georgia; to become a bank
holding company by acquiring 25 percent of the voting shares of First
State Bancshares of Blakely, Inc., Blakely, Georgia, and thereby
indirectly acquire First State Bank of Blakely, Blakely, Georgia.
C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Country Bank Shares Corporation, Mt. Horeb, Wisconsin; to merge
with Belleville Bancshares Corporation, Belleville, Wisconsin, and
thereby indirectly acquire Belleville State Bank, Belleville,
Wisconsin.
D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. The Belknap Partnership, L.P., Poplar Bluff, Missouri; to become
a bank holding company by acquiring 32.15 percent of the voting shares
of Boothell Bancorp, Inc., Poplar Bluff, Missouri, and thereby
indirectly acquire First Community Bank, Poplar Bluff, Missouri.
Board of Governors of the Federal Reserve System, July 9, 1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-17898 Filed 7-12-96; 8:45 am]
BILLING CODE 6210-01-F
