[Federal Register Volume 65, Number 94 (Monday, May 15, 2000)]
[Notices]
[Pages 30990-30991]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-12060]


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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

[[Page 30991]]

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. Additional information on all 
bank holding companies may be obtained from the National Information 
Center website at www.ffiec.gov/nic/.
    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 May 30, 2000.
    A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervision) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. First State Bancshares, Inc., Middlesboro, Kentucky; to acquire 
LexBanc Corporation, Lexington, Kentucky, and thereby indirectly 
acquire Lexington Bank, FSB, Lexington, Kentucky, and thereby engage in 
permissible savings association activities, pursuant to 
Sec. 225.28(b)(4) of Regulation Y. Comments regarding this application 
must be received not later than June 8, 2000.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166-2034:
    1. Area Bancshares Corporation, Owensboro, Kentucky; to acquire 
Area Trust Company, and thereby engage in the operation of a trust 
company, pursuant to Sec. 225.28(b)(5) of Regulation Y.
    2. Lima Bancshares, Inc., Lima, Illinois; to retain voting shares 
of East Dubuque Bancshares, Inc., East Dubuque, Illinois, and its 
subsidiary, East Dubuque Savings Bank, East Dubuque, Illinois, and 
thereby engage in operating a savings association, pursuant to 
Sec. 225.28(b)(4) of Regulation Y. Comments regarding this application 
must be received not later than June 8, 2000.
    3. Summit Bancorp, Inc., Arkadelphia, Arkansas; to engage de novo 
through its subsidiary, Summit Residential Services, Inc., Arkadelphia, 
Arkansas, in community development activities, pursuant to 
Sec. 225.28(b)(12) of Regulation Y.

Board of Governors of the Federal Reserve System, May 9, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-12060 Filed 5-12-00; 8:45 am]
BILLING CODE 6210-01-P