[Federal Register Volume 59, Number 130 (Friday, July 8, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16547]
[[Page Unknown]]
[Federal Register: July 8, 1994]
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FEDERAL RESERVE SYSTEM
Lakland Bancorp, Inc.; 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 1, 1994.
A. Federal Reserve Bank of New York (William L. Rutledge, Senior
Vice President) 33 Liberty Street, New York, New York 10045:
1. Lakland Bancorp, Inc., Oak Ridge, New Jersey, to acquire 9.9
percent of the voting shares of High Point Financial Corp.,
Branchville, New Jersey, and thereby indirectly acquire National Bank
of Sussex County, Branchville, New Jersey.
B. Federal Reserve Bank of Philadelphia (Thomas K. Desch, Vice
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
1. IBS Financial Corp., Cherry Hill, New Jersey, to become a bank
holding company by acquiring 100 percent of the voting shares of Inter-
Boro Savings and Loan Association, Cherry Hill, New Jersey. In
connection with the holding company formation, Inter-Boro Savings and
Loan Association will be converting from mutual to stock form. Inter-
Boro Savings and Loan Association will lose its status as a qualified
thrift lender due to its failure to comply with the Qualified Thrift
Lender Test, as set forth in 12 CFR 563.50.
C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. HSB, Inc., Hedrick, Iowa, to become a bank holding company by
acquiring 98.3 percent of the votings shares of Hedrick Savings Bank,
Hedrick, Iowa.
D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Hensley Investment Limited Partnership, Springfield, Missouri,
to become a bank holding company by acquiring at least 76 percent of
Peoples Bank of Fordland, Fordland, Missouri; at least 43 percent of
the voting shares of Citizens Bank of the Ozarks, Camdenton, Missouri;
and at least 52 percent of the voting shares of Peoples Bank of the
Ozarks, Nixa, Missouri.
E. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. Froid Bankshares, Inc., Froid, Montana, to become a bank holding
company by acquiring 100 percent of the voting shares of First State
Bank of Froid, Froid, Montana.
2. Winona Banc Holding Company, Winona, Minnesota, to acquire 93.2
percent of the voting shares of Town and Country State Bank of Winona,
Winona, Minnesota.
F. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. Peak Banks of Colorado, Inc., Nederland, Colorado, to become a
bank holding company by acquiring 100 percent of the voting shares of
Peak National Bank, Nederland, Colorado.
Board of Governors of the Federal Reserve System, July 1, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-16547 Filed 7-7-94; 8:45 am]
BILLING CODE 6210-01-F
