Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities

[Federal Register Volume 61, Number 48 (Monday, March 11, 1996)]
[Notices]
[Pages 9709-9710]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5672]



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FEDERAL RESERVE SYSTEM

Notice of Proposals to Engage in Permissible Nonbanking 
Activities or to Acquire Companies that are Engaged in Permissible 
Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. Sec.  1843) (BHC Act) and 
Regulation      Y, (12 CFR Part 225) to commence or to engage de novo, 
or to acquire or control voting securities or assets of a company that 
engages either directly or through a subsidiary or other company, in a 
nonbanking activity that is listed in Sec.  225.25 of Regulation Y (12 
CFR 225.25) or that the Board has determined by Order to be closely 
related to banking and permissible for bank holding companies. Unless 
otherwise noted, these activities will be conducted throughout the 
United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. Once the notice 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 on the 
question whether the proposal complies with the standards of section 4 
of the BHC Act, including whether consummation of the proposal can 
``reasonably be expected to produce 

[[Page 9710]]
benefits to the public, such as greater convenience, increased 
competition, or gains in efficiency, that outweigh possible adverse 
effects, such as undue concentration of resources, decreased or unfair 
competition, conflicts of interests, or unsound banking practices'' (12 
U.S.C. Sec.  1843). Any request for a hearing on this question must be 
accompanied by a statement of the reasons a written presentation would 
not suffice in lieu of a hearing, identifying specifically any 
questions of fact that are in dispute, summarizing the evidence that 
would be presented at a hearing, and indicating how the party 
commenting would be aggrieved by approval of the proposal.
    Unless otherwise noted, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than March 25, 1996.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Mid Am, Inc., Bowling Green, Ohio; to engage de novo through its 
subsidiary, Mid Am Credit Corp., Columbus, Ohio, in lending activities 
pursuant to Sec.  225.25(b)(1) of the Board's Regulation Y; and in 
leasing activities pursuant to Sec.  225.25(b)(5) of the Board's 
Regulation Y.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Capital City Bank Group, Inc., Tallahassee, Florida; to acquire 
First Financial Bancorp, Inc., Tallahassee, Florida, and First Federal 
Bank, Tallahassee, Florida, and thereby engage in operating a savings 
association, pursuant to Sec.  225.25(b)(9) of the Board's Regulation 
Y.
    C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. First Chicago NBD Corporation, Chicago, Illinois; to acquire 
First Federal Savings Bank of Barrington, Barrington, Illinois, and 
thereby engage in operating a savings association pursuant to Sec.  
225.25(b)(9) of the Board's Regulation Y.
    D. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Community First Bankshares, Inc., Fargo, North Dakota; to 
acquire Community Insurance, Inc., Fargo, North Dakota, and thereby 
engage in operating an insurance agency in a town of less than 5,000 in 
population pursuant to Sec.  225.25(b)(8)(iii) of the Board's 
Regulation Y. This activity will take place in Wheaton, Minnesota.
    E. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Shickley State Company, Shickley, Nebraska; to engage de novo 
through its subsidiary, Campbell Apartments, Inc., Shickley, Nebraska, 
and thereby engage in community development activities pursuant to 
Sec.  225.25(b)(6) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, March 5, 1996
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-5672 Filed 3-8-96; 8:45 am]
BILLING CODE 6210-01-F