[Federal Register Volume 63, Number 143 (Monday, July 27, 1998)]
[Notices]
[Pages 40123-40124]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-19999]
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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
[[Page 40124]]
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 21, 1998.
A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. First Union Corporation, Charlotte, North Carolina; to increase
its investment in United Bancshares, Inc., Philadelphia, Pennsylvania,
and thereby indirectly acquire nonvoting common stock of United Bank of
Philadelphia, Philadelphia, Pennsylvania.
B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. First American Corporation, Nashville, Tennessee; to merge with
Pioneer Bancshares, Inc., Chattanooga, Tennessee, and thereby
indirectly acquire Pioneer Bank, Chattanooga, Tennessee; Valley Bank,
Sweetwater, Tennessee, and Pioneer Bank, FSB, East Ridge, Tennessee.
In connection with this application, Applicant has also applied to
engage in operating a savings association, pursuant to Sec.
225.28(b)(4)(ii) of Regulation Y.
Board of Governors of the Federal Reserve System, July 22, 1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-19999 Filed 7-24-98; 8:45 am]
BILLING CODE 6210-01-F
