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

[Federal Register: January 8, 2003 (Volume 68, Number 5)]

[Notices]

[Page 1061-1062]

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

[DOCID:fr08ja03-36]

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. Additional information on all bank holding companies may be obtained from the National Information Center website at www.ffiec.gov/nic/.

Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of

[[Page 1062]]

Governors not later than February 3, 2003.

1. Federal Reserve Bank of Atlanta (Sue Costello, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30303:

   1. CBS Banc Corp, Russellville, Alabama; to merge with Community Financial Services, Inc., Bolivar, Tennessee, and thereby indirectly acquire The Bank of Bolivar, Bolivar, Tennessee.

   2. Coast Financial Holdings, Inc., Bradenton, Florida; to become a bank holding company by acquiring 100 percent of the voting shares of Coast Bank of Florida, Bradenton, Florida.

2. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63166-2034:

   1. Frontenac Bancshares, Inc., Earth City, Missouri; to become a bank holding company by acquiring 100 percent of the voting shares of Frontenac Bank, Earth City, Missouri.

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

   1. Utah Community Bancorp, Sandy, Utah; to become a bank holding company by acquiring 100 percent of the voting shares of Utah Community Bank, Sandy, Utah.

   Board of Governors of the Federal Reserve System, January 2, 2003. Robert deV. Frierson, Deputy Secretary of the Board.

   [FR Doc. 03-302 Filed 1-7-03; 8:45 am]

   BILLING CODE 6210-01-S