Federal Register / Vol. 62, No. 166 / Wednesday, August 27, 1997 / Notices 45421

Board of Governors of the Federal Reserve

System, August 21, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–22723 Filed 8-26-97; 8:45 am]

BILLING CODE 6210-01-F

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 19,

1997.

A. Federal Reserve Bank of

Richmond (A. Linwood Gill III,

Assistant Vice President) 701 East Byrd

Street, Richmond, Virginia 23261-4528:

1. First Union Corporation, Charlotte,

North Carolina; to merge with Signet

Banking Corporation, Richmond,

Virginia, and thereby indirectly acquire

Signet Bank, Richmond, Virginia.

In connection with this application,

Applicant has also applied to acquire

Signet Commercial Credit Corporation,

Richmond, Virginia, and thereby engage

in making loans that are typically

secured by inventory, accounts

receivable or like security and are

generally structured on a revolving

basis, pursuant to § 225.28(b)(1) of the

Board’s Regulation Y; Signet Insurance

Services, Inc., Richmond, Virginia, and

thereby engage in acting as an insurance

agency that provides an extensive line

of life and property/casualty insurance

coverage as agent for both individuals

and businesses, pursuant to §

225.28(b)(11)(iv) of the Board’s

Regulation Y; Signet Financial Services,

Inc., Richmond, Virginia, and thereby

engage in providing discount brokerage

services, pursuant to § 225.28(b)(7) of

the Board’s Regulation Y; Signet Trust

Company, Richmond, Virginia, and

thereby engage in trust company

activities, pursuant to § 225.28(b)(5) of

the Board’s Regulation Y; Signet

Strategic Capital Corporation,

Richmond, Virginia, and thereby engage

in providing investment advice as a

commodity trading advisor with respect

to the purchase and sale of financial

futures contracts and options on

financial futures contracts and

providing foreign exchange advisory

and transactional services, pursuant to

§§ 225.28(b)(7) and (b)(8) of the Board’s

Regulation Y; and Virtus Capital

Management, Inc., Baltimore, Maryland,

and thereby engage in acting as an

investment advisor of various registered

open-end management investment

companies, mutual funds, etc., and

sponsor of mutual funds, pursuant to §

225.28(b)(6) of the Board’s Regulation Y.

B. Federal Reserve Bank of Atlanta

(Lois Berthaume, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303-2713:

1. Landmark Bancorp, Inc., Margate,

Florida; to become a bank holding

company by acquiring 50.1 percent of

the voting shares of Sunniland Bank,

Fort Lauderdale, Florida.

C. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198-0001:

1. FirstBank Holding Company of

Colorado, Lakewood, Colorado; to

acquire 100 percent of the voting shares

of FirstBank of Parker, Parker, Colorado,

a de novo bank.

D. Federal Reserve Bank of San

Francisco (Pat Marshall, Manager of

Analytical Support, Consumer

Regulation Group) 101 Market Street,

San Francisco, California 94105-1579:

1. Olympic Bancorp, Port Orchard,

Washington; to become a bank holding

company by acquiring 100 percent of

the voting shares of Kitsap Bank, Port

Orchard, Washington.

E. Federal Reserve Bank of Dallas

(Genie D. Short, Vice President) 2200

North Pearl Street, Dallas, Texas 75201-

2272:

1. First Financial Bankshares, Inc.,

Abilene, Texas; to merge with Southlake

Bancshares, Inc., Southlake, Texas, and

thereby indirectly acquire Texas

National Bank, Southlake, Texas.

F. Federal Reserve Bank of San

Francisco (Pat Marshall, Manager of

Analytical Support, Consumer

Regulation Group) 101 Market Street,

San Francisco, California 94105-1579:

1. Saehan Bancorp, Los Angeles,

California; to become a bank holding

company by acquiring 100 percent of

the voting shares of Saehan Bank, Los

Angeles, California.

Board of Governors of the Federal Reserve

System, August 21, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–22724 Filed 8-26-97; 8:45 am]

BILLING CODE 6210-01-F

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 22,

1997.

A. Federal Reserve Bank of San

Francisco (Pat Marshall, Manager of

Analytical Support, Consumer

Regulation Group) 101 Market Street,

San Francisco, California 94105-1579: