Federal Register / Vol. 62, No. 183 / Monday, September 22, 1997 / Notices 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

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 17,

1997.

A. Federal Reserve Bank of St. Louis

(Randall C. Sumner, Vice President) 411

Locust Street, St. Louis, Missouri 63102-

2034:

1. Community National Corporation,

Lexington, Tennessee; to become a bank

holding company by acquiring 100

percent of the voting shares of

Community National Bank of

Tennessee, Lexington, Tennessee,

which is currently operating as the

Lexington First Federal Savings Bank.

2. Peoples Bancorporation, Inc., Cuba,

Missouri; to become a bank holding

company by acquiring 100 percent of

the voting shares of Peoples Investment

Corporation, Cuba, Missouri, and

thereby indirectly acquiring Peoples

Bank, Cuba, Missouri.

Board of Governors of the Federal Reserve

System, September 17, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–25119 Filed 9–19–97; 8:45 am]

BILLING CODE 6210–01–F

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 that engages either

directly or through a subsidiary or other

company, in a nonbanking activity that

is listed in § 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.

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 October 17, 1997.

A. Federal Reserve Bank of

Minneapolis (Karen L. Grandstrand,

Vice President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480-2171:

1. Norwest Corporation, Minneapolis,

Minnesota; through its wholly-owned

subsidiaries, Norwest Financial

Services, Inc. and Norwest Financial,

Inc., both of Des Moines, Iowa, to

acquire Cityside Financial Services of

Wisconsin, Inc., Cityside Savings &

Financial Services, Co. and Cityside

Insurance Company, Ltd., all of Eden

Prairie, Minnesota, and thereby engage

in consumer finance activities, pursuant

to § 225.28(b)(1) of the Board’s

Regulation Y; in the sale of insurance

related to extensions of credit as well as

the reinsurance of such insurance,

pursuant to §§ 225.28(b)(11)(i), (ii), and

(vii) of the Board’s Regulation Y; and in