Banks and bank holding companies: Formations, acquisitions, and mergers,

[Federal Register: October 21, 1999 (Volume 64, Number 203)]

[Notices]

[Page 56790-56791]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr21oc99-71]

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 (12 U.S.C. 1843). 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 November 15, 1999.

1. Federal Reserve Bank of Atlanta (Cynthia Goodwin, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:

   1. Advantage Bankshares, Inc., Village of North Palm Beach, Florida; to become a bank holding company by acquiring 100 percent of the voting shares of Advantage Bank, Village of North Palm Beach, Florida (in organization).

2. Federal Reserve Bank of Kansas City (D. Michael Manies, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:

   1. Community Bancshares of Chanute, Inc., Chanute, Kansas; to merge with Edna Bancshares, Inc., Edna, Kansas,

      [[Page 56791]]

      and thereby indirectly acquire First State Bank, Edna, Kansas.

   2. MBT Bancshares, Inc., Kansas City, Missouri; to acquire 100 percent of the voting shares of Whiting Bancshares, Inc., Whiting, Kansas, and thereby indirectly acquire First State Bank of Whiting, Whiting, Kansas, and First State Bank of Lancaster, Lancaster, Kansas.

3. Federal Reserve Bank of Chicago (Philip Jackson, Applications Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:

   1. Capitol Bancorp, Lansing, Michigan; Sun Community Bancorp, Tucson, Arizona; and Sunrise Capital Corporation, Phoenix, Arizona; to acquire 51 percent of the voting shares of Sunrise Bank of Albuquerque, Albuquerque, New Mexico (in organization). Sunrise Capital Corp., also has applied to become a bank holding company.

   2. Capitol Bancorp, Lansing, Michigan; Sun Community Bancorp, Tucson, Arizona; and Nevada Community Bancorp, Las Vegas, Nevada; to acquire 51 percent of the voting shares of Black Mountain Community Bank, Las Vegas, Nevada (in organization).

4. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice President) 2200 North Pearl Street, Dallas, Texas 75201-2272:

   1. North American Bancshares, Inc., Sherman, Texas; to acquire 98.76 percent of the voting shares of Marble Falls National Bancshares, Inc., Marble Falls, Texas, and thereby indirectly acquire Marble Falls National Bank, Marble Falls, Texas.

   2. Texas Independent Bancshares, Inc., Texas City, Texas; to acquire 100 percent of the voting shares of American Independent Bancshares, Inc., Santa Fe, Texas, and thereby indirectly acquire Texas First Bank, Santa Fe, Texas.

   Board of Governors of the Federal Reserve System, October 15, 1999. Robert deV. Frierson, Associate Secretary of the Board.

   [FR Doc. 99-27464Filed10-20-99; 8:45 am]

   BILLING CODE 6210-01-F