[Federal Register: August 20, 1998 (Volume 63, Number 161)]
[Notices]               
[Page 44624]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr20au98-59]


[[Page 44624]]

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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 September 14, 1998.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Popular Inc., Popular International Bank, Inc., both of Hato 
Rey, Puerto Rico; Popular North America, Inc., Mt. Laurel, New Jersey; 
and Banco Popular North America, Inc., Streamwood, Illinois; to acquire 
and merge with Gore-Bronson Bancorp, Inc., Prospect Heights, Illinois, 
and thereby indirectly acquire Water Tower Bank, Chicago, Illinois; 
Bronson-Gore Bank, Prospect Heights, Illinois; and Irving Bank, 
Chicago, Illinois.
    2. Popular Inc., Popular International Bank, Inc., both of Hato 
Rey, Puerto Rico; and Popular North America, Inc., Mt. Laurel, New 
Jersey; to acquire 100 percent of the voting shares of First State Bank 
of Southern California, Santa Fe Springs, California.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Maryland Permanent Capital Corporation, Owings Mills, Maryland; 
to become a bank holding company by acquiring 100 percent of the voting 
shares of Maryland Permanent Bank & Trust Co. Owings Mills, Maryland.
    In connection with this application, Maryland Permanent Capital 
Corporation also has applied to acquire Maryland Permanent Mortgage 
Corporation, Owings Mills, Maryland and Pyramid Leasing Corp., Owings 
Mills, Maryland, and thereby engage in making, acquiring, brokering or 
servicing loans or other extensions of credit and activities related to 
extending credit pursuant to Secs.  225.28(b)(1) and (b)(2) of 
Regulation Y; and leasing personal or real property pursuant to Sec.  
225.28(b)(3) of Regulation Y.
    C. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Compass Bancshares, Inc., Birmingham, Alabama; to acquire 100 
percent of the voting shares of Arizona Bank, Tuscon, Arizona.

    Board of Governors of the Federal Reserve System, August 14, 
1998.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 98-22424 Filed 8-19-98; 8:45 am]
BILLING CODE 6210-01-F