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

[Federal Register Volume 64, Number 173 (Wednesday, September 8, 1999)]
[Notices]
[Pages 48839-48840]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-23290]


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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 (12 U.S.C. 1843). 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 October 4, 1999.
    A. Federal Reserve Bank of Atlanta (Cynthia Goodwin, Vice 
President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Marine Bancorp, Inc., Marathon, Florida; to become a bank 
holding company by acquiring 100 percent of the voting shares of Marine 
Bank of the Florida Keys, Marathon, Florida.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. WCB Holding Company of Illinois, Inc., Geneva, Illinois (in 
formation); to become a bank holding company by acquiring 100 percent 
of the voting shares of Winfield Community Bank, Winfield, Illinois (in 
organization).
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Kennett Merger Corporation, Kennett, Missouri; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Kennett Bancshares, Inc., Kennett, Missouri, and thereby indirectly 
acquire Kennett National Bank, Kennett, Missouri.
    D. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Pinnacle Bancorp, Inc., Central City, Nebraska; to acquire 100 
percent of the voting shares of Park National Bank, Estes Park, 
Colorado.
    E. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Grant Bancshares, Inc., Montgomery, Louisiana; to become a bank 
holding company by acquiring 100 percent of the voting shares of The 
Bank of Montgomery, Montgomery, Louisiana.
    F. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. First Security Corporation, Salt Lake City, Utah; to acquire 100 
percent of the voting shares of Zions Bancorporation, Salt Lake City, 
Utah, and thereby indirectly acquire Zions First National Bank, Salt 
Lake City, Utah; National Bank of Arizona, Phoenix, Arizona; California 
Bank & Trust, San Diego, California; Nevada State Bank, Las Vegas, 
Nevada; The Commerce Bank of Washington, N.A., Seattle, Washington; Val 
Cor Bancorporation, Inc., Denver, Colorado; and Vectra Bank Colorado, 
National Association, Denver, Colorado.
    In connection with this application, Applicant also has applied to 
acquire Cash Access, Inc., Salt Lake City, Utah; Zions Insurance 
Agency, Inc., Salt Lake City, Utah; Zions Life Insurance Company, Salt 
Lake City, Utah; Regency Investment Advisors, Fresno, California, and 
thereby engage in data processing services by leasing automated teller 
machines to a third party, pursuant to Sec.  225.28(b)(14) of 
Regulation Y; in providing insurance brokerage services by 
administering credit-related insurance programs in subsidiaries of 
Zions Bancorporation, pursuant to Sec.  225.28(b)(11) of Regulation Y; 
in underwriting, as reinsurer, credit-related life and disability 
insurance, pursuant to Sec.  225.28(b)(11) of Regulation Y; and in 
providing financial and investment advisory services and agency 
transactional services for customer investments, pursuant to Sec.  
225.28(b)(6) of Regulation Y.


[[Page 48840]]


    Board of Governors of the Federal Reserve System, September 1, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-23290 Filed 9-7-99; 8:45 am]
BILLING CODE 6210-01-F