[Federal Register: July 23, 1999 (Volume 64, Number 141)] [Notices] [Page 40006-40007] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr23jy99-82] ----------------------------------------------------------------------- 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 (12 U.S.C. 1843). 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 August 16, 1999. A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior Vice President) 33 Liberty Street, New York, New York 10045-0001: 1. Canadian Imperial Bank of Commerce, The CIBC World Markets Corporation, CIBC World Markets, Inc., all of Ontario, Canada, and CIBC Delaware Holdings Inc., New York, New York; to become bank holding companies by acquiring 100 percent of the voting shares of CIBC National Bank, Maitland, Florida. B. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566: 1. Oak Hill Financial, Inc., Jackson, Ohio (Oak Hill); to acquire all of the voting shares of Towne Bank, Cincinnati, Ohio. As described below, Towne Bank would be formed through the conversion of Blue Ash Building and Loan Company, Cincinnati, Ohio, into a state-chartered bank. In connection with this proposal, Oak Hill has filed notice under section 4 of the BHC Act to acquire Towne Financial, Inc., Cincinnati, Ohio, and thereby indirectly acquire Blue Ash Building and Loan Company, Cincinnati, which currently is a wholly-owned subsidiary of Towne Financial, Inc., and thereby engage in operating a savings association, pursuant to Sec. 225.28(b)(4) of Regulation Y. After this acquisition, Oak Hill would convert Blue Ash Building and Loan Company into a state-chartered bank and the institution would be renamed Towne Bank. 2. Sky Financial Group, Inc., Bowling Green, Ohio; to merge with Mahoning National Bancorp, Inc., Youngstown, Ohio, and thereby indirectly acquire Mahoning National Bank, Youngstown, Ohio. C. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713: 1. Skylake Bankshares, Inc., North Miami Beach, Florida; to merge with Kislak Financial Corporation, Miami Lakes, Florida, and thereby indirectly acquire Kislak National Bank, North Miami, Florida. D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63102-2034: 1. Delta Trust & Banking Corporation, Little Rock, Arkansas; to become a bank holding company by acquiring at least 80 percent of the voting shares of SEA Bancshares, Inc., Parkdale, Arkansas, and thereby indirectly acquire voting shares of Southeast Arkansas Bank, Parkdale, Arkansas. E. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 55480-0291: 1. Milk River Banquo, Inc., Malta, Montana; to become a bank holding company by acquiring 81.45 percent of the voting shares of Malta Banquo, Inc., Malta, Montana, and thereby indirectly acquire First Security Bank of Malta, Malta, Montana, and Valley Bank of Glasgow, Glasgow, Montana. F. Federal Reserve Bank of Kansas City (D. Michael Manies, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001: 1. Hillcrest Bancshares, Inc., Overland Park, Kansas; to acquire 100 percent of the voting shares of American Bank, Wichita, Kansas. G. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice President) 2200 North Pearl Street, Dallas, Texas 75201-2272: 1. Western Commerce Bank Stock Bonus Plan and Trust Agreement, Carlsbad, New Mexico; to become a bank holding company by acquiring 29 percent of the voting shares of Western Commerce Bancshares of Carlsbad, Inc., Carlsbad, New Mexico, and thereby indirectly acquire voting shares of Western Commerce Bank, Carlsbad, New Mexico. 2. The Jere J. Ruff Family Limited Partnership II, Longview, Texas (in formation); to become a bank holding company by acquiring 38 percent of the voting shares of The First State Bank, Hallsville, Texas. H. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager of Analytical Support, Consumer Regulation Group) 101 Market Street, San Francisco, California 94105-1579: 1. Wallowa Bancorp, Joseph, Oregon; to become a bank holding company by acquiring 100 percent of the voting shares of Community Bancshares, Inc., Joseph, Oregon, and thereby indirectly acquire voting shares of Community Bank, Joseph, Oregon. In connection with this application, Applicant has also applied to acquire Citizens Title & Escrow Service, Inc., Enterprise, Oregon, and thereby engage in insurance agency activities in small towns and escrow service activities pursuant to Secs. 225.28(b)(11)(iii) and 225.28(b)(5) of Regulation Y. 2. Zions Bancorporation, Salt Lake City, Utah; to merge with Regency Bancorp, Fresno, California, and thereby indirectly acquire Regency Bank, Fresno, California. In connection with this application, Applicant has also applied to acquire Regency Investment Advisors, Fresno, California, and thereby engage in financial and investment advisory activities, pursuant to Sec. 225.28(b)(6) of Regulation Y; and in providing securities brokerage, private placement, riskless principal, futures commission merchant and other agency transactional services for customer investments, [[Page 40007]] pursuant to Sec. 225.28(b)(7) of Regulation Y. Board of Governors of the Federal Reserve System, July 19, 1999. Robert deV. Frierson, Associate Secretary of the Board. [FR Doc. 99-18781 Filed 7-22-99; 8:45 am] BILLING CODE 6210-01-F