[Federal Register: April 30, 1998 (Volume 63, Number 83)] [Notices] [Page 23787-23788] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr30ap98-77] ----------------------------------------------------------------------- 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 [[Page 23788]] 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 May 26, 1998. A. Federal Reserve Bank of Boston (Richard Walker, Community Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204: 1. Cambridge Financial Group, Inc., Cambridge, Massachusetts; to become a bank holding company by acquiring 100 percent of the voting shares of Cambridge Savings Bank, Cambridge, Massachusetts. 2. Plymouth Bancorp, Inc., Wareham, Massachusetts; to become a bank holding company by acquiring 100 percent of the voting shares of Plymouth Savings Bank, Wareham, Massachusetts. B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713: 1. BankFirst Corporation, Knoxville, Tennessee (formerly Smoky Mountain Bancorp, Inc.); to acquire 100 percent of the voting shares of First Franklin Bancshares, Inc., Athens, Tennessee, and thereby indirectly acquire The First National Bank and Trust Company, Athens, Tennessee. 2. CNB Holdings, Inc., Alpharetta, Georgia; to become a bank holding company by acquiring 100 percent of the voting shares of Chattahoochee National Bank, Alpharetta, Georgia (in organization). C. Federal Reserve Bank of Chicago (Philip Jackson, Applications Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413: 1. NW Bancorp, Inc., Prospect Heights, Illinois; to acquire 100 percent of the voting shares of Village Bank & Trust, North Barrington, Illinois. D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63102-2034: 1. Mercantile Bancorporation Inc., and its wholly owned subsidiary, Ameribanc, Inc., both of St. Louis, Missouri; to acquire Firstbank of Illinois Co., Springfield, Illinois, and thereby indirectly acquire Bank Central, Inc., Springfield, Illinois; Central National Bank of Mattoon, Mattoon, Illinois; Central Bank System, Inc., Fairview Heights, Illinois; Central Bank, Fairview Heights, Illinois; Farmers and Merchants Bank of Carlinville, Carlinville, Illinois; Colonial Bancshares, Inc., Des Peres, Missouri; The Colonial Bank, Des Peres, Missouri; Duchesne Bank, St. Peters, Missouri; Elliott State Bank, Jacksonville, Illinois; First National Bank of Central Illinois, Springfield, Illinois; and First Trust and Savings Bank, Taylorville, Illinois. In connection with this application, Applicants have also applied to acquire Zemenick & Walker, Inc., St. Louis, Missouri, and thereby engage in the business of providing investment advisory services, including offering non-discretionary investment advice, pursuant to Sec. 225.28(b)(6) of the Board's Regulation Y; Mid-Country Financial, Inc., Springfield, Illinois, and thereby engage in making indirect consumer automobile loans, pursuant to Sec. 225.28(b)(1) of the Board's Regulation Y; FFG Trust, Inc., Springfield, Illinois, and thereby engage in providing corporate trust and investment management services, pursuant to Secs. 225.28(b)(5) and (6) of the Board's Regulation Y; and GCT Realty, Fairview Heights, Illinois, and thereby engage in community development activities, pursuant to Sec. 225.28(b)(12) of the Board's Regulation Y. E. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 55480-0291: 1. Norwest Corporation, Minneapolis, Minnesota; to acquire 100 percent of the voting shares of MidAmerica Bancshares, Inc., Newport, Minnesota, and thereby indirectly acquire MidAmerica Bank, Newport, Minnesota; Minnesota Bancshares, Inc., Newport, Minnesota; MidAmerica Bank South, Mankato, Minnesota; Wisconsin Bancshares, Inc., Newport, Minnesota; MidAmerica Bank Hudson, Hudson, Wisconsin; MidAmerica Bank North, Phillips, Wisconsin; MidAmerica Bank; Dodgeville, Wisconsin; Charter Bancorporation, Inc., Scottsdale, Arizona; Bank of Arizona, Scottsdale, Arizona; The Bank of New Mexico Holding Company, Albuquerque, New Mexico; and The Bank of New Mexico, Albuquerque, New Mexico. In connection with this application, Applicant also has applied to acquire MidAmerica Financial Corporation, Newport, Minnesota, and thereby engage in making, acquiring and servicing loans and other extensions of credit, pursuant to Sec. 225.28(b)(1) of the Board's Regulation Y; and in leasing personal and real property, pursuant to Sec. 225.28(b)(3) of the Board's Regulation Y. 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. San Juan Bank Holding Company Friday Harbor, Washington; to become a bank holding company by acquiring 100 percent of the voting shares of Islanders Bank, Friday Harbor, Washington. Board of Governors of the Federal Reserve System, April 24, 1998. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 98-11483 Filed 4-29-98; 8:45 am] BILLING CODE 6210-01-F