[Federal Register Volume 62, Number 177 (Friday, September 12, 1997)]
[Notices]
[Page 48092]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-24264]
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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 9, 1997.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Olympian New York Corporation, Brooklyn, New York; to become a
bank holding company by acquiring 100 percent of the voting shares of
Olympian Bank, Brooklyn, New York.
B. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. Albrecht Financial Services, Inc., Norwalk, Iowa; to acquire 100
percent of the voting shares of Heartland Bankshares, Inc., Madrid,
Iowa, and thereby indirectly acquire City State Bank, Grimes, Iowa.
2. Mercantile Bank Corporation, Grand Rapids, Michigan; to become a
bank holding company by acquiring 100 percent of the voting shares of
Mercantile Bank of West Michigan, Grand Rapids, Michigan (in
organization).
C. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
1. Rice Lake Bancorp, Inc., Rice Lake, Wisconsin; to acquire 100
percent of the voting shares of TALCO, Inc., Menomonie, Wisconsin, and
thereby indirectly acquire Menomonie Shares, Inc., Menomonie,
Wisconsin; Menomonie Financial Services, Inc., Menomonie, Wisconsin;
and First Bank and Trust, Menomonie, Wisconsin.
Board of Governors of the Federal Reserve System, September 9,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-24264 Filed 9-11-97; 8:45 am]
BILLING CODE 6210-01-F
