[Federal Register: April 21, 1999 (Volume 64, Number 76)]
[Notices]               
[Page 19541]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21ap99-50]

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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 May 14, 1999.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. FCNB Corp, Frederick, Maryland; to merge with First Frederick 
Financial Corporation, Frederick, Maryland, and thereby indirectly 
acquire First Bank of Frederick, Frederick, Maryland.
    In connection with this application, Applicant also has applied to 
engage in owning and operating cash dispensing machines in locations 
owned or leased by unaffiliated third parties and thereby engage in 
data processing activities, through First Frederick Financial 
Corporation, pursuant to Sec.  225.218(b)(14) of Regulation Y.
    B. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, 
Minneapolis, Minnesota 55480-0291:
    1. Commercial Bancshares, Inc., Minnetonka, Minnesota; to become a 
bank holding company by acquire 100 percent of the voting shares of 
First Commerce Bank, Bloomington, Minnesota, a de novo bank.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Poteau Bancshares, Inc., Poteau, Oklahoma, and First Poteau 
Corporation, Poteau, Oklahoma; to acquire 100 percent of the voting 
shares of The First State Bank, Wister, Oklahoma.
    D. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. Wells Fargo & Company, San Francisco, California; to acquire 100 
percent of the voting shares of Mustang Financial Corp., Rio Vista, 
Texas, and thereby indirectly acquire First State Bank, Rio Vista, 
Texas.
    2. Wells Fargo & Company, San Francisco, California; to acquire 100 
percent of the voting shares of Eastern Heights Bank, Maplewood, 
Minnesota.

    Board of Governors of the Federal Reserve System, April 15, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-9898 Filed 4-20-99; 8:45 am]
BILLING CODE 6210-01-F