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

[Federal Register: October 27, 1999 (Volume 64, Number 207)]

[Notices]

[Page 57886-57887]

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

[DOCID:fr27oc99-88]

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 19, 1999.

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

   1. Bank of America Corporation, and NB Holdings Corporation, both of Charlotte, North Carolina; to acquire 19.6 percent of the voting shares of Lake - Osceola State Bank, Baldwin, Michigan.

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

   1. Overton Merger Corporation, Livingston, Tennessee; to become a bank holding company by acquiring 100 percent of the voting shares of Overton Financial Services, Inc., Livingston, Tennessee, and thereby indirectly acquire Union Bank & Trust, Livingston, Tennessee.

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

   1. Farmers & Merchants Investment, Inc., Milford, Nebraska; to acquire 19.6 percent of the voting shares of North Central Bancorp, Inc., Norfolk, Nebraska, and thereby indirectlyacquire Bank of Norfolk, Norfolk, Nebraska.

   2. Twenty-First Century Financial Services Company, Tulsa, Oklahoma; to become a bank holding company by acquiring 100 percent of the voting shares of Oklahoma National Bank, Tulsa, Oklahoma (a de novo bank in organization).

   In connection with this application, Applicant also has applied to acquire Twenty-First Century Building Company, Tulsa, Oklahoma, and thereby engage in leasing activities, pursuant to Sec. 225.28(b)(3) of Regulation Y.

   [[Page 57887]]

   Board of Governors of the Federal Reserve System, October 21, 1999. Robert deV. Frierson, Associate Secretary of the Board.

   [FR Doc. 99-27983Filed10-26-99; 8:45 am]

   BILLING CODE 6210-01-F