[Federal Register Volume 62, Number 145 (Tuesday, July 29, 1997)]
[Notices]
[Page 40527]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19862]
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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 22, 1997.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. ALBANK Financial Corporation, Albany, New York; to become a bank
holding company by acquiring 100 percent of the voting shares of ALBANK
Commercial, Albany, New York.
In connection with this application, Applicant also has applied to
retain its wholly-owned subsidiary, ALBANK, FSB, Albany, New York,
pursuant to Sec. 225.28(b)(4) of the Board's Regulation Y.
B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. NationsBank Corporation, Charlotte, North Carolina; to acquire
100 percent of the voting shares of NationsBank, National Association
(Glynn County), Brunswick, Georgia, which is the proposed successor by
charter conversion of First Federal Savings Bank of Brunswick, Georgia,
Brunswick, Georgia, a subsidiary of NationsBank Corporation.
C. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. The Colonial BancGroup, Inc., Montgomery, Alabama; to merge with
Dadeland Bancshares, Inc., Miami, Florida, and thereby indirectly
acquire Dadeland Bank, Miami, Florida.
In connection with this application, Applicant also has applied to
acquire Dadeland Software Services, Inc., Miami, Florida, and thereby
engage in data processing activities, pursuant to Sec. 225.28(b)(14)
of the Board's Regulation Y.
2. Murfreesboro Bancorp, Inc., Murfreesboro, Tennessee; to become a
bank holding company by acquiring 100 percent of the voting shares of
Bank of Murfreesboro, Murfreesboro, Tennessee (in organization).
D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. Community Financial Corp, Olney, Illinois; to acquire 100
percent of the voting shares of Egyptian Bancshares, Inc., Carrier
Mills, Illinois, and thereby indirectly acquire The Egyptian State
Bank, Carrier Mills, Illinois, and Saline County State Bank, Stonefort,
Illinois.
Board of Governors of the Federal Reserve System, July 23, 1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-19862 Filed 7-28-97; 8:45 am]
BILLING CODE 6210-01-F
