[Federal Register: January 22, 1999 (Volume 64, Number 14)]
[Notices]               
[Page 3518-3519]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22ja99-73]

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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 February 18, 1999.
    A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Coast Community Bancshares, Inc., Biloxi, Mississippi; to retain 
100 percent of the voting shares of Coast Community Bank, Biloxi, 
Mississippi.
    2. Community Bancshares of Mississippi, Inc., Forest, Mississippi; 
to acquire 100 percent of the voting shares

[[Page 3519]]

of Coast Community Bancshares, Inc., Biloxi, Mississippi, and thereby 
indirectly acquire Coast Community Bank, Biloxi, Mississippi.
    B. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Woodforest Bancshares, Inc., Houston, Texas, and Sun Belt 
Bancshares Corporation, Wilmington, Delaware; to acquire 100 percent of 
the voting shares of HB Financial Corporation, Highlands, Texas, HB 
Financial Corporation of Delaware, Wilmington Delaware, and Highlands 
State Bank, Highlands, Texas, through the merger of Woodforest 
Bancshares and HB Financial Corporation, Sun Belt Bancshares 
Corporation, and HB Financial Corporation of Delaware, and Woodforest 
National Bank, Houston, Texas, and Highlands Bank. These mergers will 
occur simultaneously.

    Board of Governors of the Federal Reserve System, January 19, 
1999.

Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-1493 Filed 1-21-99; 8:45 am]
BILLING CODE 6210-01-F