[Federal Register Volume 63, Number 189 (Wednesday, September 30, 1998)]
[Notices]
[Pages 52273-52274]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-26074]
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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 23, 1998.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Valley National Bancorp, Wayne, New Jersey; to acquire 9.9
percent of the voting shares of Vista Bancorp, Inc., Phillipsburg, New
Jersey, and thereby indirectly acquire Phillipsburg National Bank and
Trust Company, Phillipsburg, New Jersey, and Twin Rivers Community
Bank, Eastern, Pennsylvania.
2. Popular Inc., Hato Rey, Puerto Rico; Popular International Bank,
Inc., Hato Rey, Puerto Rico; Popular North America, Inc., Mt. Laurel,
New Jersey; and Banco Popular North America, Inc., Chicago, Illinois;
to acquire 100 percent of the voting shares of Banco Popular, New York,
New York, New York, a de novo bank.
3. Popular Inc., Hato Rey, Puerto Rico, and Banco Popular De Puerto
Rico, Hato Rey, Puerto Rico; to acquire 100 percent of the voting
shares of Popular Transition Bank, Hato Rey, Puerto Rico, a de novo
bank.
4. Popular Inc., Hato Rey, Puerto Rico; Popular International Bank,
Inc., Hato Rey, Puerto Rico, and Popular North America, Inc., Mt.
Laurel, New Jersey; to acquire 100 percent of the voting shares of
Banco Popular, N.A. (New Jersey), Newark, New Jersey (upon conversion
of the federal savings association charter of Banco Popular, FSB,
Newark, New Jersey).
5. Banco Popular North American, Inc., Chicago, Illinois; to
acquire 100 percent of the voting shares of Banco Popular, N.A.
(Texas), Houston, Texas.
B. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
[[Page 52274]]
1. Susquehanna Bancshares, Litiz, Pennsylvania; to acquire 100
percent of the voting shares of First Capitol Bank, York, Pennsylvania.
C. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Mid-Atlantic Community BankGroup, Inc., Gloucester, Virginia; to
merge with United Community Bankshares, Inc., Franklin, Virginia, and
thereby indirectly acquire The Bank of Sussex and Surry, Wakefield,
Virginia, and The Bank of Franklin, Franklin, Virginia.
D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. First Citizens Bancshares, Inc., Dyersburg, Tennessee; to merge
with First Volunteer Corporation, Union City, Tennessee, and thereby
indirectly acquire First Volunteer Bank, Union City, Tennessee.
Board of Governors of the Federal Reserve System, September 24,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-26074 Filed 9-29-98; 8:45 am]
BILLING CODE 6210-01-F
