[Federal Register Volume 61, Number 143 (Wednesday, July 24, 1996)]
[Notices]
[Page 38449]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-18778]
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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. 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 16, 1996.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. First Midwest Financial, Inc., Storm Lake, Iowa; to become a
bank holding company by acquiring 100 percent of the voting shares of
Central West Bancorporation, Casey, Iowa, and thereby indirectly
acquire Security State Bank, Stuart, Iowa.
In connection with this application First Midwest Financial, Inc.,
also has applied to acquire First Federal Savings Bank of the Midwest,
Storm Lake, Iowa, and its subsidiaries, First Services Financial
Limited, Storm Lake, Iowa, Brookings Service Corporation, Brooking,
South Dakota, and First Midwest Financial, Inc., Storm Lake, Iowa, and
thereby engage in operating a savings association, pursuant to Sec.
225.25(b)(9) of the Board's Regulation Y, in trust activities, pursuant
to Sec. 225.25(b)(3) of the Board's Regulation Y, the sale of credit-
related insurance, pursuant to Sec. 225.25(b)(8)(i) of the Board's
Regulation Y, insurance agency activities in small towns, pursuant to
Sec. 225.25(b)(8)(iii) of the Board's Regulation Y, in securities
brokerage activities, pursuant to Sec. 225.25(b)(15) of the Board's
Regulation Y, investment advice, pursuant to Sec. 225.25(b)(4)(iii) of
the Board's Regulation Y, and in making and servicing loans, pursuant
to Sec. 225.25(b)(1) of the Board's Regulation Y.
B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. DFC Acquisition Corporation Two, Kansas City, Missouri; to
acquire 58.18 percent of the voting shares of Air Academy National
Bancorp, Colorado Springs, Colorado, and thereby indirectly acquire Air
Academy National Bank, Colorado Springs, Colorado.
2. FirstBank Holding Company of Colorado Employee Stock Ownership
Plan, Lakewood, Colorado; and its subsidiary FirstBank Holding Company
of Colorado, Lakewood, Colorado, to acquire 100 percent of the voting
shares of FirstBank of Greeley, Greeley, Colorado.
3. Premier Bancorp, Inc., Denver, Colorado; to become a bank
holding company by acquiring 100 percent of the voting shares of
Premier Bank, Lenexa, Kansas.
Board of Governors of the Federal Reserve System, July 18, 1996.
Jennifer J. Johnson
Deputy Secretary of the Board
[FR Doc. 96-18778 Filed 7-23-96; 8:45 am]
BILLING CODE 6210-01-F
