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

[Federal Register: April 10, 2000 (Volume 65, Number 69)]

[Notices]

[Page 18996]

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

[DOCID:fr10ap00-83]

[[Page 18996]]

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 May 4, 2000.

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

   1. Islands Bancorp, Beaufort, South Carolina; to become a bank holding company by acquiring 100 percent of the voting shares of Islands Community Bank, N.A., Beaufort, South Carolina (in organization).

2. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:

   1. First Central Bancshares, Inc., Lenoir City, Tennessee; to acquire 100 percent of the voting shares of First Central Bank of Monroe County, Sweetwater, Tennessee (in organization).

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

   1. Lisco State Company, Lisco, Nebraska, and First Nebraska Bancs, Inc., Sidney, Nebraska; to acquire 100 percent of the voting shares of Kimball Bancorp, Inc. Kimball, Nebraska, and thereby indirectly acquire the American National Bank, Kimball, Nebraska.

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

   1. Plains Bancorp, Inc., Lubbock, Texas; to merge with Sudan Bancshares, Inc., Sudan, Texas, and thereby indirectly acquire First National Bank, Sudan, Texas.

   Board of Governors of the Federal Reserve System, April 4, 2000. Robert deV. Frierson, Associate Secretary of the Board.

   [FR Doc. 00-8724Filed4-7-00; 8:45 am]

   BILLING CODE 6210-01-P