[Federal Register Volume 64, Number 130 (Thursday, July 8, 1999)]
[Notices]
[Pages 36875-36876]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-17269]
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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 (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 July 30, 1999.
A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. AmSouth Bancorporation, Birmingham, Alabama; to acquire 100
percent of the voting shares of First American Corporation, Nashville,
Tennessee, and thereby indirectly acquire First American National Bank,
Nashville, Tennessee.
In connection with this application, AmSouth Bancorporation also
has applied to acquire First American Federal Savings Bank, Dalton,
Georgia, and thereby engage in operating a savings association,
pursuant to Sec. 225.28(b)(4)(ii) of Regulation Y, and to acquire
First American Community
[[Page 36876]]
Development Corporation, Nashville, Tennessee, and thereby engage in
community development activities, pursuant to Sec. 225.28(b)(12) of
Regulation Y.
In addition, AmSouth Bancorporation and First American corporation
each have applied to acquire up to 19.9 percent of the other's voting
shares pursuant to stock options granted in connection with the
proposal. The options would terminate on consummation of the proposal.
2. Synovus Financial Corporation, Columbus, Georgia; to merge with
Merit Holding Corporation, Tucker, Georgia, and thereby indirectly
acquire Mountain National Bank, Tucker, Georgia, and Charter Bank and
Trust Company, Marietta, Georgia.
Board of Governors of the Federal Reserve System, July 1, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-17269 Filed 7-7-99; 8:45 am]
BILLING CODE 6210-01-F
