[Federal Register Volume 64, Number 67 (Thursday, April 8, 1999)]
[Notices]
[Page 17182]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-8655]


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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 May 3, 1999.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Sterling Financial Corporation, Lancaster, Pennsylvania; to 
acquire 100 percent of the voting shares of Northeast Bancorp, Inc., 
North East, Maryland, and thereby indirectly acquire The First National 
Bank of North East, North East, Maryland.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Decatur Corporation, Leon, Iowa; to merge with Spectrum 
Bancorporation, Inc., Omaha, Nebraska, and thereby acquire Rushmore 
Financial Services, Inc., Omaha, Nebraska, Rushmore Bank & Trust 
Company, Rapid City, South Dakota, and F&M Bank, Watertown, South 
Dakota.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Central Financial Corporation, Hutchinson, Kansas; to acquire 10 
percent of the voting shares of Mid-America Bancorp, Inc., Jewell, 
Kansas, and thereby indirectly acquire Heartland Bank, N.A., Jewell, 
Kansas.
    D. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Sterling Bancshares, Inc., Houston, Texas, and Sterling 
Bancorporation, Inc., Wilmington, Delaware; to merge with B.O.A. 
Bancshares, Inc., Houston, Texas, and thereby indirectly acquire 
Houston Commerce Bank, Houston, Texas.

    Board of Governors of the Federal Reserve System, April 2, 1999.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 99-8655 Filed 4-7-99; 8:45 am]
BILLING CODE 6210-01-F