[Federal Register Volume 63, Number 139 (Tuesday, July 21, 1998)]
[Notices]
[Pages 39090-39091]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-19408]
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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.
[[Page 39091]]
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 14, 1998.
A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Carolina First BancShares, Inc., Lincolnton, North Carolina; to
acquire 100 percent of the voting shares of Community Bank & Trust
Company, Marion, North Carolina.
B. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. Capitol Bancorp, Ltd., Lansing, Michigan; to acquire 51 percent
of the voting shares of Detroit Commerce Bank (in organization),
Detroit, Michigan.
2. Sun Community Bancorp Limited, Phoenix, Arizona, and Capitol
Bancorp, Ltd., Lansing, Michigan; to acquire 51 percent of the voting
shares of Mesa Bank, Mesa, Arizona (in organization).
Board of Governors of the Federal Reserve System, July 16, 1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-19408 Filed 7-20-98; 8:45 am]
BILLING CODE 6210-01-F
