[Federal Register: October 14, 1999 (Volume 64, Number 198)]
[Notices]               
[Page 55726-55727]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14oc99-66]                         

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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

[[Page 55727]]

(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 November 5, 1999.
    A. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. NorthStar Bancshares, Inc., Estherville, Iowa; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
NorthStar Bank, Estherville, Iowa.
    B. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, 
Minneapolis, Minnesota 55480-0291:
    1. State Bank of Cokato Employee Stock Ownership Plan and Trust, 
and State Bank of Cokato Employee Stock Ownership Plan and Trust II, 
Cokato, Minnesota; to become bank holding companies by collectively 
acquiring 49.94 percent of the voting shares of Cokato Bancshares, 
Inc., Cokato, Minnesota, and thereby indirectly acquire State Bank of 
Cokato, Cokato, Minnesota.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Graff Family, Inc., McCook, Nebraska; to become a bank holding 
company by acquiring 80 percent of the voting shares of McCook National 
Company, McCook, Nebraska; and thereby indirectly acquire McCook 
National Bank, McCook, Nebraska.
    In connection with this application, Applicant also has applied to 
acquire through McCook National Company, McCook, Nebraska, an 18.75 
percent equity interest in Maplewood Apartments, L.L.C., McCook, 
Nebraska, and thereby engage in community development activities, 
pursuant to Sec.  225.28(b)(12)(i) of Regulation Y. McCook National 
Company has applied to retain this interest.
    2. Team Financial, Inc. ESOP; Team Financial, Inc.; and Team 
Financial Acquisition Subsidiary, Inc., all of Paola, Kansas; to 
acquire 100 percent of the voting shares of ComBankshares, Inc., 
Prairie Village, Kansas, and thereby indirectly acquire Community Bank, 
Chapman, Kansas.
    D. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. The Employee Stock Ownership Plan and Trust of First Grayson 
Bancshares, Inc., Celeste, Texas; to become a bank holding company by 
acquiring 31 percent of the voting shares of First Grayson Bancshares, 
Inc., Waco, Texas, and thereby indirectly acquire Security Bank, 
Whitesboro, Texas.
    E. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. Pacific Crest Capital, Inc., Agoura Hills, California; to become 
a bank holding company by acquiring 100 percent of the voting shares of 
Pacific Crest Bank, Agoura Hills, California.

    Board of Governors of the Federal Reserve System, October 7, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-26747 Filed 10-13-99; 8:45 am]
BILLING CODE 6210-01-F