[Federal Register: May 10, 1999 (Volume 64, Number 89)]
[Notices]               
[Page 25041-25042]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10my99-74]

-----------------------------------------------------------------------

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 June 4, 1999.
    A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Sky Financial Group, Inc., Bowling, Green, Ohio (in formation), 
and its wholly-owned subsidiary, FWBI Acquisition Corp., Bowling Green, 
Ohio; to merge with First Western Bancorp, Inc., New Castle, 
pennsylvania, and thereby indirectly acquire First Western Bank, N.A., 
New Castle, Pennsylvania.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Florida Business BancGroup, Inc., Tampa, Florida; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Bay Cities Bank, Tampa, Florida (in organization).
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Union Financial Group, Ltd., Swansea, Illinois; to acquire 100 
percent

[[Page 25042]]

of the voting shares of Union Bank of Illinois, Swansea, Illinois (in 
organization). Comments regarding this application must be received by 
May 25, 1999.
    D. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, 
Minneapolis, Minnesota 55480-0291:
    1. Kircher Bank Shares, Inc., Olivia, Minnesota; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Citizens State Bank of Olivia, Olivia, Minnesota.
    D. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, 
Minneapolis, Minnesota 55480-0291:
    1. Stockman Financial Corporation, Miles City, Montana; to acquire 
100 percent of the voting shares of Terry Bancshares, Inc., Terry, 
Montana, and thereby indirectly acquire State Bank of Terry, Terry, 
Montana.

    Board of Governors of the Federal Reserve System, May 5, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-11731 Filed 5-7-99; 8:45 am]
BILLING CODE 6210-01-F