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

[Federal Register: October 22, 1998 (Volume 63, Number 204)]

[Notices]

[Page 56648-56649]

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

[DOCID:fr22oc98-77]

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 November 16, 1998.

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

   1. Jacksonville Bancorp, Inc., Jacksonville, Florida; to become a bank holding company by acquiring The Jacksonville Bank, Jacksonville, Florida (in organization).

   2. Red River Bancshares, Inc., Alexandria, Louisiana; to become a bank holding company by acquiring 100 percent of the voting shares of Red River Bank, Alexandria, Louisiana.

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

   1. Northpointe Bancshares, Inc., Grand Rapids Township, Michigan; to become a holding by acquiring 100 percent of the voting shares Northpointe Bank, Grand Rapids Township, Michigan.

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

   1. Marquette Bancshares, Inc., Minneapolis, Minnesota; to acquire 100 percent for the voting shares of C.A.S., Corporation, Minneapolis, Minnesota, and thereby indirectly acquire Smith Trust & Savings Bank, Morrison, Illinois; Farmers and Mechanics Bank, Galesburg, Illinois; Oelwein Bancorporation, Minneapolis, Minnesota; and thereby indirectly acquire Lakeside Credit Co., Inc., Minneapolis, Minnesota; Iowa State Savings Bank, Clinton, Iowa; First Trust & Savings Bank, Cedar Rapids, Iowa, and The First National Bank of Oelwein, Oelwein, Iowa; Wisconsin Financial Bancorporation, Inc., Minneapolis, Minnesota, and thereby indirectly acquire First National Bank and Trust Co. of Baraboo, Baraboo, Wisconsin; and The Bank of Edgar, Edgar, Wisconsin.

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

   1. Lamar Trust Bancshares, Inc., Lamar, Missouri; to acquire 10 percent of the voting shares of University National Bancshares, Inc., Pittsburg, Kansas; and thereby indirectly acquire University National Bank, Pittsburg, Kansas, a de novo bank in organization.

   2. University National Bancshares, Inc., Pittsburg, Kansas; to become a bank

   [[Page 56649]]

   holding company by acquiring 100 percent of the voting shares of University National Bank, Pittsburg, Kansas, a de novo bank in organization.

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

   1. South Plains Financial, Inc., Lubbock, Texas; to acquire 100 percent of the voting shares of West Texas National, Bancshares, Inc., Lockney, Texas, and thereby indirectly acquire Lockney Holding Company, Inc., Wilmington, Delaware; First National Bank, Lockney, Texas; and First State Bank, Silverton, Texas.

   2. Texas Country Bancshares, Inc., Brady, Texas, and TCB Delaware, Inc., Dover, Delaware; to acquire 100 percent of the voting shares of Knox City Bancshares, Inc., Knox City, Texas, and thereby indirectly acquire Citizens Bank, Knox City, Texas.

   Board of Governors of the Federal Reserve System, October 16, 1998. Robert deV. Frierson, Associate Secretary of the Board.

   [FR Doc. 98-28286Filed10-21-98; 8:45 am]

   BILLING CODE 6210-01-P