[Federal Register Volume 59, Number 137 (Tuesday, July 19, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-17495]
[[Page Unknown]]
[Federal Register: July 19, 1994]
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FEDERAL EMERGENCY MANAGEMENT AGENCY
St. Francis Capital Corporation, et al.; Formations of,
Acquisitions by, and Mergers of Bank Holding Companies; and
Acquisitions of Nonbanking Companies
The companies listed in this notice have 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 companies have 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 applications 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 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, 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, 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 12, 1994.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. St. Francis Capital Corporation, Milwaukee, Wisconsin; to
acquire St. Francis Insurance Corporation, Milwaukee, Wisconsin, a
wholly owned subsidiary of St. Francis Bank F.S.B., Milwaukee,
Wisconsin, and thereby engage in insurance agency activities relating
to tax deferred annuities pursuant to Sec. 225.25(b)(8) of the Board's
Regulation Y.
B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. Talco, Inc., Menomonie, Wisconsin; to become a bank holding
company by acquiring 57.94 percent of the voting shares of Menomonie
Shares, Inc., Menomonie, Wisconsin, Clarence Talen Charitable Trust,
Menomonie, Wisconsin; to become a bank holding company by acquiring
20.55 percent of the voting shares of Menomonie Shares, Inc.; and
Menomonie Shares, Inc., Menomonie, Wisconsin; to acquire an additional
56.67 percent for a total of 81.64 percent of the voting shares of
Menomonie Financial Services, Inc., Menomonie, Wisconsin, and thereby
indirectly acquire First Bank & Trust, Menomonie, Wisconsin.
In connection with this application, Talco, Inc., The Clarence
Talen Charitable Trust, and Menomonie Shares Inc., also have applied to
acquire Electronic Strategies, Inc., and thereby engage in the
nonbanking activities of providing data processing and data
transmission services for the processing and transmission of financial,
banking or economic data pursuant to Sec. 225.25(b)(7) of the Board's
Regulation Y, and providing management consulting services to non-
affiliated bank and nonbank depository institutions pursuant to Sec.
225.25(b)(11) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, July 13, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-17495 Filed 7-18-94; 8:45 am]
BILLING CODE 6210-01-F
