[Federal Register Volume 62, Number 139 (Monday, July 21, 1997)]
[Notices]
[Pages 38995-38996]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19100]
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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 August 15, 1997.
A. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. First State Bancshares, Inc., Ida Grove, Iowa; to become a bank
holding company by acquiring 100 percent of the voting shares of First
State Bank, Ida Grove, Iowa.
2. Hometown Independent Bancorp, Inc., Morton, Illinois; to become
a bank holding company by acquiring 100 percent of the voting shares of
Morton Community Bank, Morton, Illinois.
3. O.A.K. Financial Corporation, Byron Center, Michigan; to become
a bank holding company by acquiring 24.9 percent of the voting shares
of Caledonia Financial Corporation, Caledonia, Michigan, and State Bank
of Caledonia, Caledonia, Michigan.
4. Progressive Bancorp, Inc., Pekin, Illinois; to become a bank
holding company by acquiring 100 percent of the voting shares of Pekin
Savings Bank, S.B., Pekin, Illinois.
B. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
1. Dean Financial Services, Inc., St. Paul, Minnesota; to acquire
100 percent of the voting shares of The First National Corporation of
Aitkin, Inc., Aitkin, Minnesota, and thereby indirectly acquire The
First National Bank of Aitkin, Aitkin, Minnesota; Mid-Continent
Financial Services, Inc.,
[[Page 38996]]
Bloomington, Minnesota, and thereby indirectly acquire State Bank of
Edgerton, Edgerton, Minnesota; and The First State Bank of Eden
Prairie, Eden Prairie, Minnesota.
2. Otto Bremer Foundation, St. Paul, Minnesota; through its
subsidiary, Bremer Financial Corporation, St. Paul, Minnesota, to
acquire 100 percent of the voting shares of The Halo Bancorporation,
Inc., Devils Lake, North Dakota, and thereby indirectly acquire First
National Bank of Devils Lake, Devils Lake, North Dakota.
Board of Governors of the Federal Reserve System, July 16, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-19100 Filed 7-18-97; 8:45 am]
BILLING CODE 6210-01-F
