[Federal Register Volume 62, Number 211 (Friday, October 31, 1997)]
[Notices]
[Page 58971]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28927]


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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 November 28, 1997.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. South Branch Valley Bancorp, Inc., Moorefield, West Virginia; to 
acquire an additional 60.4 percent of the voting shares of Capital 
State Bank, Inc., Charleston, West Virginia.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Capitol Bancorp Ltd., Lansing, Michigan; to acquire 51 percent 
of the voting shares of Kent Commerce Bank (in organization), Kentwood, 
Michigan, a de novo bank.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. The Banc Ed Corp., Edwardsville, Illinois; to acquire 100 
percent of the voting shares of OMNI Financial Corp., Pontoon Beach, 
Illinois, and thereby indirectly acquire Omni Bank, Pontoon Beach, 
Illinois.
    D. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Peoples, Inc., Ottawa, Kansas; to to become a bank holding 
company by acquiring 49.82 percent of the voting shares of Johnson 
County Bank, Overland Park, Kansas.

    Board of Governors of the Federal Reserve System, October 28, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-28927 Filed 10-30-97; 8:45 am]
BILLING CODE 6210-01-F