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

[Federal Register: June 2, 1999 (Volume 64, Number 105)]

[Notices]

[Page 29645-29646]

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

[DOCID:fr02jn99-64]

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 June 25, 1999.

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

   [[Page 29646]]

   1. Merchants and Manufacturers Bancorporation, Inc., New Berlin, Wisconsin; to merge with Pyramid Bancorp, Inc., Grafton, Wisconsin, and thereby indirectly acquire Grafton State Bank, Grafton, Wisconsin.

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

   1. Jamesmark Bancshares, Inc., Springfield, Missouri; to become a bank holding company by acquiring 100 percent of the voting shares of Old Missouri National Bank, Springfield, Missouri (in organization).

   2. Town and Country Financial, Inc., Dundee, Kentucky; to acquire 81 percent of the voting shares of Main Street Bancshares, Inc., Vine Grove, Kentucky (in organization). Main Street Bancshares, Inc., Vine Grove, Kentucky (in organization), also has applied to become a bank holding company by acquiring 60.66 percent of the voting shares of Farmers Bank of Vine Grove, Vine Grove, Kentucky.

3. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 55480-0291:

   1. Pembina County Bankshares, Ltd., Cavalier, North Dakota; to merge with Stephen Bancshares, Inc., Stephen, Minnesota, and thereby indirectly acquire Farmers State Bank, Stephen, Minnesota.

   Board of Governors of the Federal Reserve System, May 26, 1999. Robert deV. Frierson, Associate Secretary of the Board.

   [FR Doc. 99-13856Filed6-1-99; 8:45 am]

   BILLING CODE 6210-01-F