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

[Federal Register Volume 64, Number 226 (Wednesday, November 24, 1999)]
[Notices]
[Page 66189]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-30563]


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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 December 17, 1999.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Banknorth Group, Inc., Burlington, Vermont; to acquire 100 
percent of the voting shares of BNG Interim Bank, N.A., Glen Falls, New 
York.
    B. Federal Reserve Bank of Atlanta (Cynthia Goodwin, Vice 
President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Peoples Bancshares of Tallassee, Inc., Tallassee, Alabama; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of The Peoples Bank, Tallassee, Alabama.
    C. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Old Kent Financial Corporation, Grand Rapids, Michigan; to merge 
with Merchants Bancorp, Inc., Aurora, Illinois, and thereby indirectly 
acquire The Merchants National Bank of Aurora, Aurora, Illinois.
    D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Arvest Bank Group, Inc., Bentonville, Arkansas; to acquire 100 
percent of the voting shares of P&W Bancshares, Inc., Little Rock, 
Arkansas, and thereby indirectly acquire Central Bank & Trust, Little 
Rock, Arkansas.
    2. Farmers Bancshares, Inc., Hardinsburg, Kentucky; to merge with 
Leitchfield Deposit Bancshares, Inc., Leitchfield, Kentucky, and 
thereby indirectly acquire Leitchfield Deposit Bank & Trust Company, 
Leitchfield, Kentucky.
    In connection with this application, Applicant also has applied to 
acquire Leitchfield Bancshares Insurance, Inc., Leitchfield, Kentucky, 
and thereby engage in the sale, as agent, of credit related insurance, 
pursuant to Sec.  225.28(b)(11)(i) of Regulation Y.
    E. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, 
Minneapolis, Minnesota 55480-0291:
    1. Dacotah Banks, Inc., Aberdeen, South Dakota; to acquire 100 
percent of the voting shares of Rolla Holding Company, Inc., Rolla, 
North Dakota, and thereby indirectly acquire First State Bank of Rolla, 
Rolla, North Dakota, and First National Bank of Hettinger, Hettinger, 
North Dakota.
    F. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. First Sierra Financial, Inc., Houston, Texas, and FSF of 
Delaware, Inc., Wilmington, Delaware; to become bank holding companies 
by acquiring 100 percent of the voting shares of Greenbelt Bancshares, 
Inc., Quanah, Texas, and thereby indirectly acquire voting shares of 
Security National Bank in Quanah, Quanah, Texas.
    G. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. SouthwestUSA Corporation, Las Vegas, Nevada; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
SouthwestUSA Bank (in organization), Las Vegas, Nevada.

    Board of Governors of the Federal Reserve System, November 18, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-30563 Filed 11-23-99; 8:45 am]
BILLING CODE 6210-01-F