[Federal Register Volume 62, Number 24 (Wednesday, February 5, 1997)]
[Notices]
[Page 5411]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-2762]


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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. Once the application has been accepted 
for processing, it will also 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, including whether the acquisition of the nonbanking company can 
``reasonably be expected to produce benefits to the public, such as 
greater convenience, increased competition, or gains in efficiency, 
that outweigh possible adverse effects, such as undue concentration of 
resources, decreased or unfair competition, conflicts of interests, or 
unsound banking practices'' (12 U.S.C. 1843). 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 February 28, 1997.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Pioneer Bancorp, Inc., Auburndale, Wisconsin; to become a bank 
holding company by acquiring 98.2 percent of the voting shares of 
Pioneer State Bank, Auburndale, Wisconsin.
    2. The Connor Trusts, Marshfield, Wisconsin; to become a bank 
holding company by acquiring 36.84 percent of the voting shares of 
Pioneer Bancorp, Inc., Auburndale, Wisconsin, and thereby indirectly 
acquire Pioneer State Bank, Auburndale, Wisconsin.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Marshfield Investment Company, Springfield, Missouri; to acquire 
100 percent of the voting shares of Metropolitan Bancshares, Inc., 
Springfield, Missouri, and thereby indirectly acquire Metropolitan 
National Bank, Springfield, Missouri.
    C. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Krum Holdings, L.L.C., Krum, Texas; to become a bank holding 
company by acquiring 1.0 percent of the voting shares of Porter 
Holdings, Ltd., Krum, Texas.
    In connection with this application Porter Holdings, Ltd., has also 
applied to become a bank holding company by acquiring 69.16 percent of 
the voting shares of Farmers & Merchants State Bank, Krum, Texas.
    2. Eagle Bancshares, Inc., Fairfield, Texas; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Fairfield Holdings, Inc., Fairfield, Texas, and thereby indirectly 
acquire First National Bank of Fairfield, Fairfield, Texas.
    In connection with this application, Fairfield Holdings, Inc., 
Fairfield, Texas, has also applied to become a bank holding company by 
acquiring 100 percent of the voting shares of First National Bank of 
Fairfield, Fairfield, Texas.

    Board of Governors of the Federal Reserve System, January 30, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-2762 Filed 2-4-97; 8:45 am]
BILLING CODE 6210-01-F