[Federal Register Volume 63, Number 173 (Tuesday, September 8, 1998)]
[Notices]
[Page 47500]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-23968]
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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 1, 1998.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Commerzbank AG, Frankfurt AM Main, Federal Republic of Germany;
to become a bank holding company by acquiring 32.39 percent of the
voting shares of Korea Exchange Bank, Seoul, Korea, and thereby
indirectly acquire California Korea Bank, Los Angeles, California.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
2. Area Bancshares Corporation, Ownesboro, Kentucky to acquire 100
percent of the voting shares of Broadway Bank and Trust, Paducah,
Kentucky, a de novo state bank.
Board of Governors of the Federal Reserve System, September 1,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-23968 Filed 9-4-98; 8:45 am]
BILLING CODE 6210-01-F
