[Federal Register Volume 59, Number 158 (Wednesday, August 17, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-20154]
[[Page Unknown]]
[Federal Register: August 17, 1994]
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FEDERAL RESERVE SYSTEM
KeyCorp, et al.; 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 September 9, 1994.
A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
1. Keycorp, Cleveland, Ohio; and Key Bancshares of Maine, Inc.,
Portland, Maine, to acquire 100 percent of the voting shares of Casco
Northern Bank, National Association, Portland, Maine.
2. KeyCorp, Cleveland, Ohio; and Key Bancshares of Maine, Inc.,
Portland, Maine, to acquire 100 percent of the voting shares of
BANKVERMONT Corporation, Burlington, Vermont, and thereby indirectly
acquire Bank of Vermont, Burlington, Vermont.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. GAB Bancorp, Jasper, Indiana; to acquire 100 percent of the
voting shares of First State Bank Southwest Indiana, Tell City,
Indiana.
C. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. Commerce Bancshares, Inc., Kansas City, Missouri; to acquire 100
percent of the voting shares of Twin City Corporation, which will be
the surviving corporation after a merger with CBI-Twin City
Corporation, Kansas City, Kansas, a wholly owned subsidiary of Commerce
Bancshares, through the merger Commerce Bancshares, Inc., will
indirectly acquire 90 percent of the voting shares of Twin City State
Bank, Kansas City, Kansas. In a second step to the transaction Twin
City Corporation will merge with another wholly owned subsidiary of
Commerce Bancshares, Inc., CBI-Kansas, Inc., Kansas City, Missouri, and
thereby indirectly acquire 100 percent of the voting shares of Commerce
Bank, N.A., Lenexa, Kansas, and Commerce Bank, Lawrence, Kansas.
2. Peoples Trust of 1987, Ottawa, Kansas; and its subsidiary
Peoples, Inc., Ottawa, Kansas, to acquire 46.875 percent of the voting
shares of Johnson County Bank, Overland Park, Kansas.
Board of Governors of the Federal Reserve System, August 11,
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-20154 Filed 8-16-94; 8:45 am]
BILLING CODE 6210-01-F
