[Federal Register Volume 63, Number 158 (Monday, August 17, 1998)]
[Notices]
[Page 43950]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-22088]
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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. 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 September 11, 1998.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Cooper Life Sciences, Inc. and Greater American Finance Group,
Inc., both of New York, New York; to become bank holding companies by
acquiring 100 percent of the voting shares of The Berkshire Bank, New
York, New York.
B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. Flag Financial Corporation, LaGrange, Georgia; to merge with
Empire Bank Corp., Homerville, Georgia, and thereby indirectly acquire
Empire Banking Company, Homerville, Georgia.
In connection with this application, Applicant also has applied to
acquire E.B.C. Financial Services, Inc., Homerville, Georgia, and
thereby engage in insurance agency activities in a town of less than
5,000, pursuant to Sec. 225.28(b)(11)(iii) of Regulation Y.
C. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Eagle Lake Bancshares, Inc., Eagle Lake, Texas, and FINABEL
Corporation, Dover, Delaware; to become bank holding companies by
acquiring 100 percent of the voting shares of The First National Bank,
Eagle Lake, Texas.
2. Keene Bancorp, Inc., 401(k) Employee Stock Ownership Plan and
Trust, Keene, Texas; to acquire 47.12 percent of the voting shares of
Keene Bancorp, Inc., Keene, Texas, and thereby indirectly acquire First
State Bank, Keene, Texas.
Board of Governors of the Federal Reserve System, August 12,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-22088 Filed 8-14-98; 8:45 am]
BILLING CODE 6210-01-F
