[Federal Register Volume 59, Number 181 (Tuesday, September 20, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-23210]
[[Page Unknown]]
[Federal Register: September 20, 1994]
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FEDERAL RESERVE SYSTEM
Bellevue State Bank Employee Stock Ownership Plan et al.;
Formations of, Acquisitions by, or Mergers of Bank Holding Companies;
and Acquisitions of Nonbanking Company
The companies listed in this notice have applied under Sec. 225.14
of the Board's Regulation Y (12 CFR 225.14) for the Board's approval
under section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to
become a bank holding company or to acquire voting securities of a bank
or bank holding company. The listed companies have also applied under
Sec. 225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) for the
Board's approval under section 4(c)(8) of the Bank Holding Company Act
(12 U.S.C. 1843(c)(8)) and Sec. 225.21(a) of Regulation Y (12 CFR
225.21(a)) to acquire or control voting securities or assets of a
company engaged in a nonbanking activity that is listed in Sec. 225.25
of Regulation Y as closely related to banking and permissible for bank
holding companies, or to engage in such an activity. Unless otherwise
noted, these activities will be conducted throughout the United States.
The 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 on the question whether consummation of the proposal can
``reasonably be expected to produce benefits to the public, such as
greater convenience, increased competition, or gains in efficiency,
that outweigh possible adverse effects, such as undue concentration of
resources, decreased or unfair competition, conflicts of interests, or
unsound banking practices.'' Any request for a hearing on this question
must be accompanied by a statement of the reasons a written
presentation would not suffice in lieu of a hearing, identifying
specifically any questions of fact that are in dispute, summarizing the
evidence that would be presented at a hearing, and indicating how the
party commenting would be aggrieved by approval of the proposal.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
October 21, 1994.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Bellevue State Bank Employee Stock Ownership Plan, Bellevue,
Iowa; to become a bank holding company by acquiring 100 percent of the
voting shares of Bellevue Service Company, Bellevue, Iowa, and thereby
indirectly acquire Bellevue State Bank, Bellevue, Iowa.
In connection with this application, Bellevue State Bank Employee
Stock Ownership Plan, Bellevue, Iowa has also applied to acquire
Bellevue Insurance Agency, Bellevue, Iowa, and thereby engage in the
sale of credit-related insurance pursuant to Sec. 225.25(b)(8)(i) of
the Board's Regulation Y.
B. Federal Reserve Bank of San Francisco (Kenneth R. Binning,
Director, Bank Holding Company) 101 Market Street, San Francisco,
California 94105:
1. Superior Holdings, Inc., Scottsdale, Arizona; to become a bank
holding company by acquiring 100 percent of the voting shares of De
Anza Holding Corporation, Sunnyvale, California, and thereby indirectly
acquire De Anza Bank, Sunnyvale, California.
In connection with this application, Superior Holdings, Inc., has
also applied to engage in continuing mortgage banking activities,
pursuant to Sec. 225.25(b)(1) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, September 14,
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-23210 Filed 9-19-94; 8:45 am]
BILLING CODE 6210-01-F
