[Federal Register Volume 63, Number 5 (Thursday, January 8, 1998)]
[Notices]
[Pages 1111-1112]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-479]


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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 February 2, 1998.
    A. Federal Reserve Bank of Cleveland (Jeffery Hirsch, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Standard Mutual Holding Company, Monroeville, Pennsylvania; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Standard Bank, PaSB, Murrysville, Pennsylvania.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Triangle Bancorp, Inc., Raleigh, North Carolina; to merge with 
Guaranty State Bancorp, Durham, North Carolina;

[[Page 1112]]

and thereby indirectly acquire Guaranty State Bank, Durham, North 
Carolina.
    C. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 
55480-0291:
    1. Inver Grove Bancshares, Inc., Inver Grove Heights, Minnesota; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Key Community Bank, Inver Grove Heights, Minnesota a de novo 
bank.
    D. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Security Bancshares, Inc., Scott City, Kansas; to acquire 100 
percent of the voting shares of Farmers and Merchants Bank of Colby, 
Colby, Kansas, a de novo bank.
    2. McCurtain County Bancshares, Idabel, Oklahoma; to become a bank 
holding company by acquiring 96.8 percent of the voting shares of 
McCurtain County National Bank, Idabel, Oklahoma, and to acquire 100 
percent of the voting shares of New McCurtain County National Bank, 
Broken Bow, Oklahoma, a de novo bank.

    Board of Governors of the Federal Reserve System, January 5, 
1998.
William W. Wiles,
Secretary of the Board.
[FR Doc. 98-479 Filed 1-7-98; 8:45 am]
BILLING CODE 6210-01-F