[Federal Register Volume 62, Number 183 (Monday, September 22, 1997)]
[Notices]
[Pages 49516-49517]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25016]


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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.

[[Page 49517]]

    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 16, 1997.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. SIS Bancorp, Inc., Springfield, Massachusetts; to acquire 100 
percent of the voting shares of Glastonbury Bank and Trust Company, 
Glastonbury, Connecticut.
    B. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Popular, Inc., Hato Rey, Puerto Rico; to become a bank holding 
company by acquiring 100 percent of the voting shares of Houston 
Bancorporation, Inc., Houston, Texas, and thereby indirectly acquire 
Citizens National Bank, Houston, Texas.
    C. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Coddle Creek Financial Corp., Mooresville, North Carolina; to 
become a bank holding company by acquiring Mooresville Savings Bank, 
SSB, Mooresville, North Carolina.
    D. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Citizens Financial Corp., Midwest City, Oklahoma; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
U.S. National Bank, Midwest City, Oklahoma.
    2. Griffin Investment, L.P., and Griffin General Partner, Inc., 
both of Cameron, Missouri; to become bank holding companies by 
acquiring 99.9 percent of the voting shares of Griffin Bancshares, 
Inc., Cameron, Missouri; and thereby indirectly acquire Pony Express 
Bank, Braymer, Missouri.
    E. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Olney Bancshares of Texas, Inc., Olney, Texas, and Olney Bancorp 
of Delaware, Inc., Wilmington, Delaware; to acquire 100 percent of the 
voting shares of First National Bank of Borger, Borger, Texas; Citizens 
National Bank of Childress, Childress, Texas, and First State Bank of 
Canadian, N.A., Canadian, Texas, all de novo banks.

    Board of Governors of the Federal Reserve System, September 16, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-25016 Filed 9-19-97; 8:45 am]
BILLING CODE 6210-01-F