[Federal Register Volume 63, Number 175 (Thursday, September 10, 1998)]
[Notices]
[Page 48508]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-24352]
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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 October 5, 1998.
A. Federal Reserve Bank of Boston (Richard Walker, Community
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
1. Machias Bancorp, MHC, and Machias Bancorp, Inc., both of
Machias, Maine; to become bank holding companies by acquiring 100
percent of the voting shares of Machias Savings Bank, Machias, Maine.
B. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. High Point Financial Services, Inc., Forreston, Illinois; to
acquire 100 percent of the voting shares of Kent Bancshares, Inc.,
Kent, Illinois, and thereby indirectly acquire Kent Bank, Kent,
Illinois.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. Old National Bancorp, Evansville, Indiana; to merge with
Southern Bancshares, Ltd., Carbondale, Illinois, and thereby indirectly
acquire First National Bank and Trust Company, Carbondale, Illinois.
D. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager
of Analytical Support, Consumer Regulation Group) 101 Market Street,
San Francisco, California 94105-1579:
1. Marin National Bancorp, San Rafael, California; to cause First
National Interim Bank of Marin, Las Vegas, Nevada (in organization), to
become a subsidiary.
Board of Governors of the Federal Reserve System, September 4,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-24352 Filed 9-9-98; 8:45 am]
BILLING CODE 6210-01-F
