[Federal Register: March 23, 1999 (Volume 64, Number 55)]
[Notices]               
[Page 13995]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr23mr99-76]

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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 April 16, 1999.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Hudson City MHC and Hudson City Bancorp Inc., both of Paramus, 
New Jersey; to become bank holding companies by acquiring 100 percent 
of the voting shares of Hudson City Savings Bank, Paramus, New Jersey.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Iowa Community Bancorp, Inc., Creston, Iowa; to become a bank 
holding company by acquiring 100 percent of the voting shares of Union-
Adams Bancorp, Creston, Iowa, and thereby indirectly acquire Iowa State 
Savings Bank, Creston, Iowa.
    C. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Swedish-American Bancshares, Inc., Courtland, Kansas; to become 
a bank holding company by acquiring 100 percent of the voting shares of 
Swedish-American State Bank, Courtland, Kansas.
    D. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Cullen/Frost Bankers, Inc., San Antonio, Texas; to merge with 
Commerce Financial Corporation, Fort Worth, Texas, and thereby 
indirectly acquire Bank of Commerce, Fort Worth, Texas.

    Board of Governors of the Federal Reserve System, March 17, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-6947 Filed 3-22-99; 8:45 am]
BILLING CODE 6210-01-F