[Federal Register Volume 63, Number 147 (Friday, July 31, 1998)]
[Notices]
[Pages 40911-40912]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-20492]
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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
[[Page 40912]]
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 27, 1998.
A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
1. PHS Bancorp, M.H.C., Beaver Falls, Pennsylvania; to acquire 55
percent of the voting shares of PHS Bancorp, Inc., Beaver Falls,
Pennsylvania, and thereby indirectly acquire Peoples Home Savings Bank,
Beaver Falls, Pennsylvania.
In connection with this application, PHS Bancorp, Inc., Beaver
Falls, Pennsylvania; has applied to become a bank holding company by
acquiring 100 percent of the voting shares of Peoples Home Savings
Bank, Beaver Falls, Pennsylvania.
B. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. First Belmond Bancorporation, Belmond, Iowa; to acquire at least
58.57 percent of the voting shares of Community Bank of Oelwein (in
organization), Oelwein, Iowa.
Board of Governors of the Federal Reserve System, July 28, 1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-20492 Filed 7-30-98; 8:45 am]
BILLING CODE 6210-01-F
