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

[Federal Register Volume 64, Number 220 (Tuesday, November 16, 1999)]
[Notices]
[Pages 62204-62205]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-29913]


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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

[[Page 62205]]

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 December 10, 1999.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Peoples Heritage Financial Group, Inc., Portland, Maine; to 
acquire 100 percent of the voting shares of, and thereby merge with 
Banknorth Group, Inc., Burlington, Vermont, and thereby indirectly 
acquire Granite Savings Bank and Trust Company, Barre, Vermont; The 
Howard Bank, N.A., Burlington, Vermont; First Vermont Bank and Trust 
Company, Brattleboro, Vermont; First Massachusetts Bank, N.A., 
Worcester, Massachusetts; Franklin Lamoille Bank, St. Albans, Vermont; 
Farmington National Bank, Farmington, New Hampshire; and Evergreen 
Bank, N.A., Glen Falls, New York.
    In connection with this application, Applicant also has applied to 
acquire The Stratevest Group, N.A., Barre, Vermont, and thereby engage 
in trust company activities, pursuant to Sec.  225.28(b)(5) of 
Regulation Y.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Chesapeake Bancorp Employee Stock Ownership Plan, Chestertown, 
Maryland; to become a bank holding company by acquiring 41.7 percent of 
the voting shares of Chesapeake Bancorp, Chestertown, Maryland, and 
thereby indirectly acquire Chesapeake Bank and Trust Company, 
Chestertown, Maryland.
    C. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Oak Financial, Inc., Madison, Wisconsin; to become a bank 
holding company by acquiring 100 percent of the voting shares of Oak 
Bank (in organization), Fitchburg, Wisconsin.
    D. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Gold Banc Corporation, Inc., and Gold Banc Acquisition 
Corporation XI, Inc., both of Leawood, Kansas; to acquire 100 percent 
of the voting shares of American Bancshares, Inc., Bradenton, Florida; 
and thereby indirectly acquire American Bank, Bradenton, Florida. In 
connection with this application, Gold Banc Acquisition Corporation XI, 
Inc., has applied to become a bank holding company.
    2. Gold Banc Corporation, Inc., and Gold Banc Acquisition 
Corporation XIII, Inc., both of Leawood, Kansas; to acquire 100 percent 
of the voting shares of DSP Investments, Limited, La Cygne, Kansas, and 
thereby indirectly acquire Linn County Bank, La Cygne, Kansas. In 
connection with this application, Global Banc Acquisition Corporation, 
XIII, Inc., has applied to become a bank holding company.
    E. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. Wells Fargo & Company, San Francisco, California; to acquire 100 
percent of the voting shares of North County BanCorp, Escondido, 
California, and thereby indirectly acquire North County Bank, 
Escondido, California.

    Board of Governors of the Federal Reserve System, November 10, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-29913 Filed 11-15-99; 8:45 am]
BILLING CODE 6210-01-F