[Federal Register Volume 59, Number 164 (Thursday, August 25, 1994)] [Unknown Section] [Page 0] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 94-20918] [[Page Unknown]] [Federal Register: August 25, 1994] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Maddox Financial, Inc.; Formation of, Acquisition by, or Merger of Bank Holding Companies The company listed in this notice has applied for the Board's approval under section 3 of the Bank Holding Company Act (12 U.S.C. 1842) and Sec. 225.14 of the Board's Regulation Y (12 CFR 225.14) to become a bank holding company or to acquire a bank or bank holding company. The factors that are considered in acting on the applications are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)). The application is available for immediate inspection at the Federal Reserve Bank indicated. Once the application has been accepted for processing, it will also be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that application or to the offices of the Board of Governors. Any comment on an application that requests a hearing must include a statement of why a written presentation would not suffice in lieu of a hearing, identifying specifically any questions of fact that are in dispute and summarizing the evidence that would be presented at a hearing. Comments regarding this application must be received not later than September 19, 1994. A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice President) 230 South LaSalle Street, Chicago, Illinois 60690: 1. Town Financial Corporation, Hardford City, Indiana; to acquire 100 percent of the voting shares of Maddox Financial, Inc., Hartford City, Hartford, Indiana, and thereby indirectly acquire City Savings Bank, Hartford City, Indiana. In connection with this application Maddox Financial, Inc., Hartford City, Indiana, has applied to become a bank holding company by acquiring 82.0 percent of the voting shares of City Savings Bank, Hartford City, Indiana, a thrift institution converting into a state chartered bank. Board of Governors of the Federal Reserve System, August 19, 1994. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 94-20918 Filed 8-24-94; 8:45 am] BILLING CODE 6210-01-F