[Federal Register Volume 64, Number 145 (Thursday, July 29, 1999)]
[Notices]
[Pages 41122-41123]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-19342]
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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,
[[Page 41123]]
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 (12 U.S.C. 1843). 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 23, 1999.
A. Federal Reserve Bank of Boston (Richard Walker, Community
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
1. Norway Bancorp, MHC, Norway, Maine, and Norway Bancorp, Inc.,
Norway, Maine; to become bank holding companies by acquiring 100
percent of the voting shares of Norway Savings Bank, Norway, Maine.
B. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Boiling Springs, MHC, and Boiling Springs Bancorp, both of
Rutherford, New Jersey; to become bank holding companies by acquiring
100 percent of the voting shares of Boiling Springs Savings Bank,
Rutherford, New Jersey.
C. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. BCC Bankshares, Inc., Phenix, Virginia; to become a bank holding
company by acquiring 100 percent of the voting shares of The Bank of
Charlotte County, Phenix, Virginia.
D. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. First Security Group, Inc., Dalton, Georgia; to become a bank
holding company by acquiring 100 percent of the voting shares of Dalton
Whitfield Bank, Dalton, Georgia (in organization).
2. FLAG Financial Corporation, LaGrange, Georgia; to merge with
Abbeville Capital Corporation, Abbeville, South Carolina, and thereby
indirectly acquire Bank of Abbeville, Abbeville, South Carolina.
Board of Governors of the Federal Reserve System, July 23, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-19342 Filed 7-28-99; 8:45 am]
BILLING CODE 6210-01-F
