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

[Federal Register: July 15, 2002 (Volume 67, Number 135)]

[Notices]

[Page 46518-46519]

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

[DOCID:fr15jy02-65]

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. Additional information on all bank holding companies may be obtained from the National Information Center website at www.ffiec.gov/nic/.

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 August 8, 2002.

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

   1. Capital Bank Corporation, Raleigh, North Carolina; to merge with High Street Corporation, Asheville, North Carolina, and thereby indirectly acquire High Street Banking Company, Asheville, North Carolina.

      [[Page 46519]]

   2. Community First Financial Corporation, Lynchburg, Virginia; to acquire up to 9.3 percent of the voting shares of Highlands Community Bank, Covington, Virginia (in organization).

2. Federal Reserve Bank of Chicago (Phillip Jackson, Applications Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:

   1. Marshall & Ilsley Corporation, Milwaukee, Wisconsin; to merge with Mississippi Valley Bancshares, Inc., St. Louis, Missouri, and thereby indirectly acquire Southwest Bank of St. Louis, St. Louis, Missouri, Southwest Bank, Belleville, Illinois, and Southwest Bank of Phoenix, Phoenix, Arizona.

   In connection with this application, Applicant also has applied to engage in extending credit and servicing loans, through RE Holding Company A, RE Holding Company B, RE Holding Company C and SWB Real Estate Investment Trust, all located in Clayton, Missouri, pursuant to section 225.28(b)(1) of Regulation Y; to engage in providing financial and investment advisory services, through Eagle Fund, L.L.C., St. Louis, Missouri, pursuant to sections 225.28(b)(6) of Regulation Y; to engage in trust company activities, through MVBI Capital Trust, Wilmington, Delaware, pursuant to section 225.28(b)(5) of Regulation Y.

3. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63166-2034:

   1. State Capital Corporation, Greenwood, Mississippi; to acquire up to 100 percent of the voting shares of Mississippi Southern Bank, Port Gibson, Mississippi.

   Board of Governors of the Federal Reserve System, July 9, 2002. Robert deV. Frierson, Deputy Secretary of the Board.

   [FR Doc. 02-17613Filed7-12-02; 8:45 am]

   BILLING CODE 6210-01-S