[Federal Register Volume 63, Number 148 (Monday, August 3, 1998)]
[Notices]
[Page 41258]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-20639]
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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 August 28, 1998.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Summit Bancorp, Princeton, New Jersey; to acquire 100 percent of
the voting shares of NSS Bancorp, Inc., Norwalk, Connecticut, and
thereby indirectly acquire NSS Bank, Norwalk, Connecticut.
B. Federal Reserve Bank of Kansas City (D. Michael Manies,
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri
64198-0001:
1. RSNB Bancorp, Rock Springs, Wyoming; to become a bank holding
company by acquiring 100 percent of the voting shares of Rock Springs
National Bank, Rock Springs, Wyoming.
C. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Northwest Bancorporation, Inc., Houston, Texas; to acquire 49
percent of the voting shares of Redstone Bancorporation, Inc., Houston,
Texas, and thereby indirectly acquire Redstone Bank, N.A., Houston,
Texas.
In connection with this application, Redstone Bancorporation, Inc.,
Houston, Texas, has applied to become a bank holding company by
acquiring 100 percent of the voting shares of Redstone Bank, N.A.,
Houston, Texas.
Board of Governors of the Federal Reserve System, July 29, 1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-20639 Filed 7-31-98; 8:45 am]
BILLING CODE 6210-01-F
