[Federal Register Volume 63, Number 112 (Thursday, June 11, 1998)]
[Notices]
[Page 31994]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-15502]
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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 July 6, 1998.
A. Federal Reserve Bank of Boston (Richard Walker, Community
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
1. Service Bancorp, Medway, Massachusetts; to acquire more than 51
percent of the voting shares of Summit Bancorp, Inc., Medway,
Massachusetts. Summit Bancorp, Inc., has applied to become a bank
holding company by acquiring Summit Bank, Medway, Massachusetts, which
currently is a subsidiary of Service Bancorp.
B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. The Banc Corporation (formerly known as Emerald Coast Bancorp),
Panama City Beach, Florida; to merge with City National Corporation,
Sylacauga, Alabama, and thereby indirectly acquire City National Bank
of Sylacauga, Sylacauga, Alabama.
2. The Banc Corporation (formerly known as Emerald Coast Bancorp),
Panama City Beach, Florida; to merge with First Citizens Bancorp, Inc.,
Monroeville, Alabama, and thereby indirectly acquire First Citizens
Bank of Monroe County, Monroeville, Alabama.
3. The Banc Corporation (formerly known as Emerald Coast Bancorp),
Panama City Beach, Florida; to merge with Commercial Bancshares of
Roanoke, Inc., Roanoke, Alabama, and thereby indirectly acquire
Commerical Bank of Roanoke, Roanoke, Alabama.
4. The Banc Corporation (formerly known as Emerald Coast Bancorp),
Panama City Beach, Florida; to merge with Warrior Capital Corporation,
Birmingham, Alabama, and thereby indirectly acquire The Bank,
Birmingham, Alabama (formley known as Warrior Savings Bank, Warrior,
Alabama.
C. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. CGB&L Financial Group, Inc., Cerro Gordo, Illinois; to become a
bank holding company by acquiring 100 percent of the voting shares of
Cerro Gordo Building and Loan, s.b., Cerro Gordo, Illinois.
In connection with this application, Applicant also has applied to
engage de novo in extending credit and servicing loans, pursuant to
Sec. 225.28(b)(1) of Regulation Y.
Board of Governors of the Federal Reserve System, June 5, 1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-15502 Filed 6-10-98; 8:45 am]
BILLING CODE 6210-01-F