[Federal Register: September 17, 1998 (Volume 63, Number 180)]
[Notices]               
[Page 49696]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr17se98-53]

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FEDERAL RESERVE SYSTEM

 
Notice of Proposals to Engage in Permissible Nonbanking 
Activities or to Acquire Companies that are Engaged in Permissible 
Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12 CFR Part 225) to engage de novo, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
Sec.  225.28 of Regulation Y (12 CFR 225.28) or that the Board has 
determined by Order to be closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, these activities 
will be conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. The notice also will be available for inspection at the 
offices of the Board of Governors. Interested persons may express their 
views in writing on the question whether the proposal complies with the 
standards of section 4 of the BHC Act.
    Unless otherwise noted, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than October 1, 1998.
    A. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Davis Bancorporation, Inc., Davis, Oklahoma to acquire an 
additional 5.26 percent, for a total of 14.89 percent, of the voting 
shares of FBC Financial Corporation, Claremore, Oklahoma, and thereby 
indirectly acquire 1st Bank Oklahoma, Claremore, Oklahoma, and thereby 
engage in operating a thrift depository institution pursuant to section 
225.28(b)(4) of Regulation Y.
    2. First Centralia Bancshares, Inc., Centralia, Kansas; to acquire 
an additional 5.26 percent, for a total of 14.89 percent, of the voting 
shares of FBC Financial Corporation, Claremore, Oklahoma, and thereby 
indirectly acquire 1st Bank Oklahoma, Claremore, Oklahoma, and thereby 
engage in operating a thrift depository institution pursuant to section 
225.28(b)(4) of Regulation Y.
    3. Morrill Bancshares, Inc., Sabetha, Kansas; to acquire directly 
and indirectly an additional 15.78 percent, for a total of 44.67 
percent, of the voting shares of FBC Financial Corporation, Claremore, 
Oklahoma, and thereby indirectly acquire 1st Bank Oklahoma, Claremore, 
Oklahoma, and thereby engage in operating a thrift depository 
institution pursuant to section 225.28(b)(4) of Regulation Y.

    Board of Governors of the Federal Reserve System, September 11, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-24942 Filed 9-16-98; 8:45 am]
BILLING CODE 6210-01-F