[Federal Register: December 24, 1998 (Volume 63, Number 247)]
[Notices]               
[Page 71289]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr24de98-74]

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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 January 18, 1999.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. CBCC, Inc., Exton, Pennsylvania; to become a bank holding 
company by acquiring 100 percent of the voting shares of Community Bank 
of Chester County, Exton, Pennsylvania.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Peoples Bancorporation, Inc., Easley, South Carolina; to acquire 
100 percent of the voting shares of Seneca National Bank, Seneca, South 
Carolina (in organization).
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. First Commerce Bancshares, Inc., Lincoln, Nebraska; to acquire 
100 percent of the voting shares of First Commerce Bancshares of 
Colorado, Inc., Colorado Springs, Colorado; and thereby indirectly 
acquire First Commerce Bank of Colorado, N.A., Colorado Springs, 
Colorado, a de novo bank. First Commerce Bancshares of Colorado, Inc., 
has also applied to become a bank holding company.
    D. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Metroplex North Bancshares, Inc. Employee Stock Ownership Plan, 
Celeste, Texas; to become a bank holding company by acquiring 30.3 
percent of the voting shares of Metroplex North Bancshares, Inc., 
Celeste, Texas, and thereby indirectly acquire The First Bank of 
Celeste, Celeste, Texas.

    Board of Governors of the Federal Reserve System, December 18, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-34104 Filed 12-23-98; 8:45 am]
BILLING CODE 6210-01-F