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

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Federal Register: August 24, 1998 (Volume 63, Number 163)NoticesPage 45061-45062From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr24au98-60

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

[Page 45062]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 September 17, 1998.

A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:

1. Second National Financial Corporation, Culpeper, Virginia; to acquire 100 percent of the voting shares of Virginia Heartland Bank, Fredericksburg, Virginia.

B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63102-2034:

1. National Commerce Bancorporation, Memphis, Tennessee; to merge with First Community Bancorp, Inc., Cartersville, Georgia, and thereby indirectly acquire BankFirst Community Bank and Trust, Cartersville, Georgia.

Board of Governors of the Federal Reserve System, August 18, 1998. Robert deV. Frierson, Associate Secretary of the Board.

FR Doc. 98-22588Filed8-21-98; 8:45 amBILLING CODE 6210-01-F

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