[Federal Register: October 12, 1999 (Volume 64, Number 196)]
[Notices]               
[Page 55290-55291]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12oc99-130]                         

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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

[[Page 55291]]

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 November 5, 1999.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Brookline Bancorp, MHC, and Brookline Bancorp, Inc., both of 
Brookline, Massachusetts, to acquire 24.9 percent of the voting shares 
of Medford Bancorp, Medford, Massachusetts, and thereby acquire shares 
of Medford Savings Bank, Medford, Massachusetts.
    2. Camden National Corporation, Camden, Maine; to acquire 100 
percent of the voting shares of KSB Bancorp, Inc., and Kingfield 
Savings Bank, both of Kingfield, Maine, and subsequently merge KSB 
Bancorp, Inc., with and into Camden National Corporation.
    B. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Tompkins Trustco, Inc., Ithaca, New York; to merge with 
Letchworth Independent Bancshares Corporation, Castile, New York, and 
thereby indirectly acquire shares of The Bank of Castile, Castile, New 
York, and The Mahopac National Bank, Mahopac, New York.
    C. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. BB&T Corporation, Winston-Salem, North Carolina; to merge with 
Premier Bancshares, Inc., Atlanta, Georgia, and thereby indirectly 
acquire Premier Bank, Atlanta, Georgia; Milton National Bank, Roswell, 
Georgia; Bank Atlanta, Decatur, Georgia; and Farmers & Merchant Bank, 
Summerville, Georgia.
    D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. First Delta Bankshares, Inc., Blytheville, Arkansas; to acquire 
100 percent of the voting shares of The Merchants and Planters Bank, 
Manila, Arkansas.
    2. St. Elizabeth Bancshares, Inc., St. Elizabeth, Missouri; to 
become a bank holding company by acquiring at least 95.0 percent of the 
voting shares of Bank of St. Elizabeth, St. Elizabeth, Missouri.
    E. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, 
Minneapolis, Minnesota 55480-0291:
    1. First Bancshares Corporation, Gladstone, Michigan; to acquire an 
additional 9.15 percent, for a total of 19.9 percent, of the voting 
shares of Baybank Corporation, Gladstone, Michigan, and thereby 
indirectly acquire Baybank, Gladstone, Michigan.
    F. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Paradigm Bancorporation, Inc., Houston, Texas; to acquire 100 
percent of the voting shares of Dayton State Bank, Dayton, Texas.

    Board of Governors of the Federal Reserve System, October 5, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-26472 Filed 10-8-99; 8:45 am]
BILLING CODE 6210-01-F