[Federal Register: November 5, 1999 (Volume 64, Number 214)]
[Notices]               
[Page 60449]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr05no99-76]                         

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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 (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 29, 1999.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Coastal Banking Company, Inc., Beaufort, South Carolina; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Lowcountry National Bank (in organization), Beaufort, South 
Carolina.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Bob S. Prince Insurance Agency, Inc., McLeansboro, Illinois; to 
become a bank holding company by acquiring 7.12 percent of the voting 
shares of Market Street Bancshares, Inc., Mount Vernon, Illinois, and 
The Peoples National Bank of McLeansboro, McLeansboro, Illinois.
    In connection with this application, Applicant also has applied to 
engage in insurance activities in a town with a population not 
exceeding 5,000, pursuant to Sec.  225.28(b)(11)(iii) of Regulation Y.
    C. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Ruff Partners, Ltd., Longview, Texas; to become a bank holding 
company by acquiring 44.89 percent of the voting shares of The First 
State Bank of Hallsville, Hallsville, Texas.

    Board of Governors of the Federal Reserve System, November 1, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-28969 Filed 11-4-99; 8:45 am]
BILLING CODE 6210-01-F