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[Federal Register Volume 62, Number 231 (Tuesday, December 2, 1997)]
[Notices]
[Pages 63716-63717]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-31468]

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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 December 29, 1997.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Hoosac Financial Services, Inc., North Adams, Massachusetts; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of North Adams Hoosac Savings Bank, North Adams, Massachusetts.
    B. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. SNB Bancorp, Pine Plains, New York; to become a bank holding 
company by acquiring 100 percent of the voting shares of The Stissing 
National Bank of Pine Plains, Pine Plains, New York.
    2. Millbrook Bank Systems, Inc., Millbrook, New York; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Bank of Millbrook, Millbrook, New York.
    3. HUBCO, Inc., Mahwah, New Jersey; to merge with Poughkeepsie 
Financial Corp., Poughkeepsie, New Jersey, and thereby indirectly 
acquire Bank of The Hudson, FSB, Poughkeepsie, New Jersey.
    C. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 90 Hennepin Avenue,

[[Page 63717]]

P.O. Box 291, Minneapolis, Minnesota 55480-0291:
    1. Glacier Bancorp, Inc., Kalispell, Montana; to acquire 100 
percent of the voting shares of Glacier Bank, Kalispell, Montana, a de 
novo bank. In addition, an existing subsidiary of Glacier Bancorp, 
Inc., Glacier Bank, FSB, Kalispell, Montana, will be merged into 
Glacier Bank and Glacier Bank will become a state member bank.

    Board of Governors of the Federal Reserve System, November 25, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-31468 Filed 12-1-97; 8:45 am]
BILLING CODE 6210-01-F
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