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

[Federal Register: April 29, 1999 (Volume 64, Number 82)]

[Notices]

[Page 23075]

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

[DOCID:fr29ap99-55]

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 May 24, 1999.

1. Federal Reserve Bank of Boston (Richard Walker, Community Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:

   1. Ipswich Bancshares, Inc., Ipswich, Massachusetts; to become a bank holding company by acquiring 100 percent of the voting shares of Ipswich Savings Bank, Ipswich, Massachusetts.

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

   1. City Holding Company, Charleston, West Virginia; to merge with Frontier Bancorp, Redondo Beach, California, and thereby indirectly acquire Frontier State Bank, Redondo Beach, California.

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

   [FR Doc. 99-10780Filed4-28-99; 8:45 am]

   BILLING CODE 6210-01-F