[Federal Register Volume 59, Number 142 (Tuesday, July 26, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-18127]
[[Page Unknown]]
[Federal Register: July 26, 1994]
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FEDERAL RESERVE SYSTEM
Commerce Bancorp, Inc., et al.; Formations of; Acquisitions by;
and Mergers of Bank Holding Companies
The companies listed in this notice have applied for the Board's
approval under section 3 of the Bank Holding Company Act (12 U.S.C.
1842) and Sec. 225.14 of the Board's Regulation Y (12 CFR 225.14) to
become a bank holding company or to acquire a bank or bank holding
company. The factors that are considered in acting on the applications
are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)).
Each application is 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 to the Reserve Bank or to the offices of the Board of
Governors. Any comment on an application that requests a hearing must
include a statement of why a written presentation would not suffice in
lieu of a hearing, identifying specifically any questions of fact that
are in dispute and summarizing the evidence that would be presented at
a hearing.
Unless otherwise noted, comments regarding each of these
applications must be received not later than August 19, 1994.
A. Federal Reserve Bank of Philadelphia (Thomas K. Desch, Vice
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
1. Commerce Bancorp, Inc., Cherry Hill, New Jersey; to acquire up
to 20 percent of the voting shares of Independence Bancorp, Inc.,
Ramsey, New Jersey, and thereby indirectly acquire Independence Bank of
New Jersey, Ramsey, New Jersey.
B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
1. Salt Creek Valley Bancshares, Inc., Laurelville, Ohio; to become
a bank holding company by acquiring 100 percent of the voting shares of
The Salt Creek Valley Bank, Laurelville, Ohio.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Union Planters Corporation, Memphis, Tennessee; to acquire 100
percent of the voting shares of Commercial Bancorp, Inc., Obion,
Tennessee, and thereby indirectly acquire The Commercial Bank, Obion,
Tennessee.
D. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. Superior Bancorporation, Ltd., Superior, Wisconsin; to become a
bank holding company by acquiring 80.05 percent of the voting shares of
Community Bank and Trust Company, Superior, Wisconsin.
Board of Governors of the Federal Reserve System, July 20, 1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-18127 Filed 7-25-94; 8:45 am]
BILLING CODE 6210-01-F
