[Federal Register Volume 62, Number 187 (Friday, September 26, 1997)]
[Notices]
[Page 50615]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25569]


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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 October 20, 1997.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Penns Wood Bancorp, Inc., Williamsport, Pennsylvania; to acquire 
10 percent of the voting shares of Columbia Financial Corporation, 
Bloomsburg, Pennsylvania, and thereby indirectly acquire First Columbia 
Bank & Trust Company, Bloomsburg, Pennsylvania.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Horizon Bancorp of South Arkansas, Inc., Magnolia, Arkansas; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of Horizon Bank of Columbia County, Magnolia, Arkansas.
    C. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
    1. The First National Bank at St. James ESOP, St. James, Minnesota; 
to acquire an additional 2.3 percent of the voting shares of The First 
National Agency at St. James, St. James, Minnesota, and thereby 
indirectly acquire The First National Bank at St. James, St. James, 
Minnesota. Applicant is also applying to retroactively acquire .55 
percent of the voting shares of The First National Agency at St. James.
    D. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Community Bankshares, Inc., Denver, Colorado; to acquire 90 
percent of the voting shares of Dove Creek State Bank, Dove Creek, 
Colorado.
    2. Trustbank Financial Corporation, Denver, Colorado, to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Trust Bank of Colorado, Denver, Colorado.

    Board of Governors of the Federal Reserve System, September 22, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-25569 Filed 9-25-97; 8:45 am]
BILLING CODE 6210-01-F