[Federal Register: September 10, 1998 (Volume 63, Number 175)]
[Notices]               
[Page 48508]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10se98-87]

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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 October 2, 1998.
    A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Seed Money Limited Partnership, Allison Park, Pennsylvania; to 
become a bank holding company by acquiring 32 percent of Class A common 
stock and 100.00 percent of Class B common stock, and thereby 
indirectly acquire Enterprise Bank, Allison Park, Pennsylvania, a de 
novo bank.
    2. Western Reserve Bancorp, Inc., Medina, Ohio; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Western Reserve Bank, Medina, Ohio.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Pleasants County Bankshares, Inc., St. Marys, West Virginia; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Pleasants County Bank, St. Marys, West Virginia.
    C. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Michigan Community Bancorp Limited, Sterling Heights, Michigan; 
to become a bank holding company by acquiring 100 percent of the voting 
shares of Lakeside Community Bank, Sterling Heights, Michigan (in 
organization), and thereby indirectly acquire North Oakland Community 
Bank, Rochester Hills, Michigan (in organization).

    Board of Governors of the Federal Reserve System, September 3, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-24255 Filed 9-9-98; 8:45 am]
BILLING CODE 6210-01-F