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

[Federal Register Volume 64, Number 49 (Monday, March 15, 1999)]
[Notices]
[Pages 12810-12811]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-6208]


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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 April 8, 1999.
    A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. First Financial Bancorp., Hamilton, Ohio; to merge with Hebron 
Bancorp, Inc., Hebron, Kentucky, and thereby indirectly acquire Hebron 
Deposit Bank, Hebron, Kentucky.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Southeast Bancshares, Inc., Mediapolis, Iowa; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Southeast Security Bank, Mediapolis, Iowa.

[[Page 12811]]

    C. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, 
Minneapolis, Minnesota 55480-0291:
    1. North County Financial Corporation, Manistique, Michigan; to 
acquire directly and indirectly not less than 28 percent of the voting 
shares of Northpointe Bancshares, Inc., Grand Rapids Township, 
Michigan, and thereby indirectly acquire Northpointe Bank, Grand Rapids 
Township, Michigan (a de novo bank).
    D. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Commerce Bancshares, Inc., Adair, Oklahoma; to merge with 
Chelsea Bancshares, Inc., Chelsea, Oklahoma, and thereby indirectly 
acquire Bank of Chelsea, Chelsea, Oklahoma.
    E. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Mercantile Bancorp, Inc., Dallas, Texas and Mercantile Delaware 
Bancorp, Inc., Dover, Delaware; to become bank holding companies by 
acquiring 100 percent of the voting shares of First Mercantile Bank, 
N.A., Dallas, Texas.
    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. Newco Alaska, Inc., Ketchikan, Alaska; to become a bank holding 
company by acquiring 100 percent of the voting shares of First Bancorp, 
Inc., Ketchikan, Alaska, and thereby indirectly acquire First Bank, 
Ketchikan, Alaska.

    Board of Governors of the Federal Reserve System, March 9, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-6208 Filed 3-12-99; 8:45 am]
BILLING CODE 6210-01-F