Formations of, Acquisitions by, and Mergers of Bank Holding Companies

[Federal Register Volume 63, Number 37 (Wednesday, February 25, 1998)]
[Notices]
[Page 9547]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-4797]


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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 March 23, 1998.
    A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Citizens Bancshares, Inc., Salineville, Ohio; to acquire 100 
percent of the voting shares of Century Financial Corporation, 
Rochester, Pennsylvania, and thereby indirectly acquire Century 
National Bank and Trust Company, Rochester, Pennsylvania.
    B. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 
55480-0291:
    1. Norwest Corporation, Minneapolis, Minnesota; to acquire 100 
percent of the voting shares of First Bank, Katy, Texas.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Bethany Bancshares, Inc., Bethany, Missouri; to acquire up to 
100 percent of the voting shares of Gallatin/New Hampton Bancshares, 
Inc., Albany, Missouri, and thereby indirectly acquire Bank of 
Gallatin/First State Bank, Gallatin, Missouri.

    Board of Governors of the Federal Reserve System, February 20, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-4797 Filed 2-24-98; 8:45 am]
BILLING CODE 6210-01-F