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

[Federal Register: December 6, 1999 (Volume 64, Number 233)]

[Notices]

[Page 68101]

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

[DOCID:fr06de99-65]

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.

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 December 30, 1999.

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

   1. First Banks, Inc., Creve Coeur, Missouri, and First Banks America, Inc., Clayton, Missouri; to acquire 100 percent of the voting shares of Lippo Bank, San Francisco, California.

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

   1. Pinnacle Bancorp, Central City, Nebraska; to acquire 100 percent of the voting shares of The Burns National Bank of Durango, Durango, Colorado, and thereby indirectly acquire Western Bank, Gallup, New Mexico. Comments on this application must be received by December 28, 1999.

3. Federal Reserve Bank of San Francisco (Maria Villanueva, Consumer Regulation Group) 101 Market Street, San Francisco, California 94105-1579:

   1. Security Bank Holding Company ESOP and Security Bank Holding Company, both of Coos Bay, Oregon; to acquire 100 percent of the voting shares of Williamette Valley Bank (In Organization), Salem, Oregon.

   Board of Governors of the Federal Reserve System, November 30, 1999. Robert deV. Frierson, Associate Secretary of the Board.

   [FR Doc. 99-31458Filed12-3-99; 8:45 am]

   BILLING CODE 6210-01-F