[Federal Register: December 1, 1998 (Volume 63, Number 230)]
[Notices]               
[Page 66186]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr01de98-99]

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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 December 24, 1998.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Area Bancshares Corporation, Owensboro, Kentucky; to acquire 100 
percent of the voting shares of Alliance Bank, Somerset, Kentucky. This 
action will take place following the conversion of Alliance Bank, FSB, 
Somerset, Kentucky, from a federal savings bank, to a state nonmember 
bank.
    2. First Security Bancorp, Searcy, Arkansas; to acquire an 
additional 75.88 percent, for a total of 100 percent, of the voting 
shares of Baxter County Bancshares, Inc., Mountain Home, Arkansas, and 
thereby indirectly acquire Peoples Bank and Trust Company, Mountain 
Home, Arkansas.

    Board of Governors of the Federal Reserve System, November 25, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-31977 Filed 11-30-98; 8:45 am]
BILLING CODE 6210-01-F