[Federal Register Volume 62, Number 145 (Tuesday, July 29, 1997)]
[Notices]
[Page 40527]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19862]


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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 August 22, 1997.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. ALBANK Financial Corporation, Albany, New York; to become a bank 
holding company by acquiring 100 percent of the voting shares of ALBANK 
Commercial, Albany, New York.
    In connection with this application, Applicant also has applied to 
retain its wholly-owned subsidiary, ALBANK, FSB, Albany, New York, 
pursuant to Sec.  225.28(b)(4) of the Board's Regulation Y.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. NationsBank Corporation, Charlotte, North Carolina; to acquire 
100 percent of the voting shares of NationsBank, National Association 
(Glynn County), Brunswick, Georgia, which is the proposed successor by 
charter conversion of First Federal Savings Bank of Brunswick, Georgia, 
Brunswick, Georgia, a subsidiary of NationsBank Corporation.
    C. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. The Colonial BancGroup, Inc., Montgomery, Alabama; to merge with 
Dadeland Bancshares, Inc., Miami, Florida, and thereby indirectly 
acquire Dadeland Bank, Miami, Florida.
    In connection with this application, Applicant also has applied to 
acquire Dadeland Software Services, Inc., Miami, Florida, and thereby 
engage in data processing activities, pursuant to Sec.  225.28(b)(14) 
of the Board's Regulation Y.
    2. Murfreesboro Bancorp, Inc., Murfreesboro, Tennessee; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Bank of Murfreesboro, Murfreesboro, Tennessee (in organization).
    D. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Community Financial Corp, Olney, Illinois; to acquire 100 
percent of the voting shares of Egyptian Bancshares, Inc., Carrier 
Mills, Illinois, and thereby indirectly acquire The Egyptian State 
Bank, Carrier Mills, Illinois, and Saline County State Bank, Stonefort, 
Illinois.

    Board of Governors of the Federal Reserve System, July 23, 1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-19862 Filed 7-28-97; 8:45 am]
BILLING CODE 6210-01-F