[Federal Register: August 25, 1998 (Volume 63, Number 164)]
[Notices]               
[Page 45246-45247]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr25au98-60]

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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

[[Page 45247]]

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 September 18, 1998.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Pepperell Bancshares Financial Group, Inc., Biddeford, Maine; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Pepperell Trust Company, Biddeford, Maine.
    B. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. F.N.B. Corporation, Hermitage, Pennsylvania; to acquire 20 
percent of the voting shares of Sun Bancorp, Inc., Selinsgrove, 
Pennsylvania, and thereby indirectly acquire Sun Bank, Selinsgrove, 
Pennsylvania.
    C. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. The Savannah Bancorp, Inc., Savannah, Georgia; to merge with 
Bryan Bancorp of Georgia, Inc., Richmond Hill, Georgia, and thereby 
indirectly acquire Bryan Bank and Trust, Richmond Hill, Georgia.
    D. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Firstar Corporation and Firstar (WI) Corporation, both of 
Milwaukee, Wisconsin; to merge with Star Banc Corporation, Cincinnati, 
Ohio, and thereby indirectly acquire Star Bank, National Association, 
Cincinnati, Ohio.
    In connection with this application, Applicant also has applied to 
acquire the nonbanking subsidiaries, including The Miami Valley 
Insurance Company, Cincinnati, Ohio, and thereby engage in acting as 
principal, agent, or broker for credit related insurance, pursuant to 
Sec.  225.28(b)(11)(1) of Regulation Y, Star Bank Finance, Inc., 
Cincinnati, Ohio, and thereby engage in making and servicing loans, 
pursuant to Sec.  225.28(b)(1) of Regulation Y; Money Station, Inc., 
Columbus, Ohio, and thereby engage in data processing, pursuant to 
Sec.  225.28(b)(14)(i) of Regulation Y; and DJJ Leasing Limited, 
Cincinnati, Ohio, and thereby engage in leasing personal or real 
property, pursuant to Sec.  225.28(b)(4) of Regulation Y. Applicant 
also applied to acquire an option to acquire 19.9 percent of Star Banc 
Corporation.
    Star Banc Corporation, Cincinnati, Ohio, also has applied to 
acquire 19.9 percent of the voting shares of Firstar Corporation, 
Milwaukee, Wisconsin, and thereby indirectly acquire its banking and 
nonbanking subsidiaries.
    2. Putnam County Bancorp, Inc., Hennepin, Illinois; to acquire 100 
percent of the voting shares of Bank of Ladd, Ladd, Illinois.

    Board of Governors of the Federal Reserve System, August 19, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-22739 Filed 8-24-98; 8:45 am]
BILLING CODE 6210-01-F