[Federal Register Volume 62, Number 187 (Friday, September 26, 1997)]
[Notices]
[Page 50615]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25569]
-----------------------------------------------------------------------
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 20, 1997.
A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
1. Penns Wood Bancorp, Inc., Williamsport, Pennsylvania; to acquire
10 percent of the voting shares of Columbia Financial Corporation,
Bloomsburg, Pennsylvania, and thereby indirectly acquire First Columbia
Bank & Trust Company, Bloomsburg, Pennsylvania.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. Horizon Bancorp of South Arkansas, Inc., Magnolia, Arkansas; to
become a bank holding company by acquiring 100 percent of the voting
shares of Horizon Bank of Columbia County, Magnolia, Arkansas.
C. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
1. The First National Bank at St. James ESOP, St. James, Minnesota;
to acquire an additional 2.3 percent of the voting shares of The First
National Agency at St. James, St. James, Minnesota, and thereby
indirectly acquire The First National Bank at St. James, St. James,
Minnesota. Applicant is also applying to retroactively acquire .55
percent of the voting shares of The First National Agency at St. James.
D. Federal Reserve Bank of Kansas City (D. Michael Manies,
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri
64198-0001:
1. Community Bankshares, Inc., Denver, Colorado; to acquire 90
percent of the voting shares of Dove Creek State Bank, Dove Creek,
Colorado.
2. Trustbank Financial Corporation, Denver, Colorado, to become a
bank holding company by acquiring 100 percent of the voting shares of
Trust Bank of Colorado, Denver, Colorado.
Board of Governors of the Federal Reserve System, September 22,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-25569 Filed 9-25-97; 8:45 am]
BILLING CODE 6210-01-F
