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

[Federal Register: May 12, 1998 (Volume 63, Number 91)]

[Notices]

[Page 26190]

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

[DOCID:fr12my98-93]

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 5, 1998.

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

   1. Union Planters Corporation, and its second tier subsidiary, Union Planters Holding Corporation, both of Memphis, Tennessee; to acquire 100 percent of the voting shares and to merge with its wholly owned bank holding company subsidiary, Alvin Bancshares, Inc., and its wholly owned subsidiary, Alvin Bancshares, Delaware, Inc., and thereby indirectly acquire Alvin State Bank, all of Alvin, Texas.

2. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 55480-0291:

   1. Merchants Holding Company, Winona, Minnesota; to acquire 32.1 percent of the voting shares of BRAD, Inc., Black River Falls, Wisconsin, and thereby indirectly acquire Black River Country Bank, Black River Falls, Wisconsin.

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

   1. WTSB Bancorp, Inc., Snyder, Texas; to become a bank holding company by acquiring 100 percent of the voting shares of WTSB Delaware Bancorp, Inc., Dover, Delaware, and thereby indirectly acquire West Texas State Bank, Snyder, Texas.

   2. WTSB Delaware Bancorp, Inc., Dover, Delaware; to become a bank holding company by acquiring 100 percent of the voting shares of West Texas State Bank, Snyder, Texas.

   Board of Governors of the Federal Reserve System, May 6, 1998. Jennifer J. Johnson, Deputy Secretary of the Board.

   [FR Doc. 98-12454Filed5-11-98; 8:45 am]

   BILLING CODE 6210-01-F