[Federal Register: July 29, 1999 (Volume 64, Number 145)]
[Notices]               
[Page 41122-41123]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr29jy99-71]                         

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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,

[[Page 41123]]

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 23, 1999.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Norway Bancorp, MHC, Norway, Maine, and Norway Bancorp, Inc., 
Norway, Maine; to become bank holding companies by acquiring 100 
percent of the voting shares of Norway Savings Bank, Norway, Maine.
    B. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Boiling Springs, MHC, and Boiling Springs Bancorp, both of 
Rutherford, New Jersey; to become bank holding companies by acquiring 
100 percent of the voting shares of Boiling Springs Savings Bank, 
Rutherford, New Jersey.
    C. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. BCC Bankshares, Inc., Phenix, Virginia; to become a bank holding 
company by acquiring 100 percent of the voting shares of The Bank of 
Charlotte County, Phenix, Virginia.
    D. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. First Security Group, Inc., Dalton, Georgia; to become a bank 
holding company by acquiring 100 percent of the voting shares of Dalton 
Whitfield Bank, Dalton, Georgia (in organization).
    2. FLAG Financial Corporation, LaGrange, Georgia; to merge with 
Abbeville Capital Corporation, Abbeville, South Carolina, and thereby 
indirectly acquire Bank of Abbeville, Abbeville, South Carolina.

    Board of Governors of the Federal Reserve System, July 23, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-19342 Filed 7-28-99; 8:45 am]
BILLING CODE 6210-01-F