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

[Federal Register Volume 64, Number 248 (Tuesday, December 28, 1999)]
[Notices]
[Page 72668]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-33543]


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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 January 20, 2000.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Bank of America Corporation, and NB Holdings Corporation, both 
of Charlotte, North Carolina; to acquire 100 percent of the voting 
shares of Bank of America Oregon, National Association, Portland, 
Oregon (in organization).
    B. Federal Reserve Bank of Atlanta (Cynthia Goodwin, Vice 
President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. NBG Bancorp, Inc., Athens, Georgia; to become a bank holding 
company by acquiring 100 percent of the voting shares of The National 
Bank of Georgia, Athens, Georgia (in organization).
    C. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, 
Minneapolis, Minnesota 55480-0291:
    1. Zumbrota Agency, Inc., Zumbrota, Minnesota, and its wholly-owned 
subsidiary, Pine Island Bancshares, Inc., Zumbrota, Minnesota; to 
acquire 100 percent of the voting shares of Tri County Investment 
Company, Inc., Pine Island, Minnesota, and thereby indirectly acquire 
Security State Bank of Pine Island, Pine Island, Minnesota. In 
addition, Applicants also have applied to become bank holding 
companies.
    In connection with this application, Applicants also have applied 
to acquire the insurance agency activity of Tri County Investment 
Company, Inc., Pine Island, Minnesota, and thereby engage in general 
insurance agency activities in a community with a population not 
exceeding 5,000, pursuant to Sec.  225.28(b)(11)(iii) of Regulation Y.

    Board of Governors of the Federal Reserve System, December 21, 
1999.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 99-33543 Filed 12-27-99; 8:45 am]
BILLING CODE 6210-01-F