[Federal Register: July 8, 1999 (Volume 64, Number 130)]
[Notices]               
[Page 36875-36876]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08jy99-67]                         

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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 (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 July 30, 1999.
    A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. AmSouth Bancorporation, Birmingham, Alabama; to acquire 100 
percent of the voting shares of First American Corporation, Nashville, 
Tennessee, and thereby indirectly acquire First American National Bank, 
Nashville, Tennessee.
    In connection with this application, AmSouth Bancorporation also 
has applied to acquire First American Federal Savings Bank, Dalton, 
Georgia, and thereby engage in operating a savings association, 
pursuant to Sec.  225.28(b)(4)(ii) of Regulation Y, and to acquire 
First American Community

[[Page 36876]]

Development Corporation, Nashville, Tennessee, and thereby engage in 
community development activities, pursuant to Sec.  225.28(b)(12) of 
Regulation Y.
    In addition, AmSouth Bancorporation and First American corporation 
each have applied to acquire up to 19.9 percent of the other's voting 
shares pursuant to stock options granted in connection with the 
proposal. The options would terminate on consummation of the proposal.
    2. Synovus Financial Corporation, Columbus, Georgia; to merge with 
Merit Holding Corporation, Tucker, Georgia, and thereby indirectly 
acquire Mountain National Bank, Tucker, Georgia, and Charter Bank and 
Trust Company, Marietta, Georgia.

    Board of Governors of the Federal Reserve System, July 1, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-17269 Filed 7-7-99; 8:45 am]
BILLING CODE 6210-01-F