[Federal Register Volume 62, Number 27 (Monday, February 10, 1997)]
[Notices]
[Page 5989]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-3165]


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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 March 6, 1997.
    A. Federal Reserve Bank of New York (Christopher J. McCurdy, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. BanPonce Financial Corp., Popular International Bank, Inc., and 
BanPonce Financial Corp, Wilmington, Delaware; to acquire 100 percent 
of the voting shares of Seminole National Bank, Sanford, Florida.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Regions Financial Corporation, Birmingham, Alabama; to merge 
with Gulf South Bancshares, Inc., Gretna, Louisiana, and thereby 
indirectly acquire Gulf South Bank and Trust Company, Gretna, 
Louisiana.
    2. Whitney Holding Corporation, New Orleans, Louisiana; to acquire 
100 percent of the voting shares of Merchants National Bank of 
Mississippi, Gulfport, Mississippi (in organization).
    3. Whitney Holding Corporation; to merge with Merchants Bancshares, 
Inc., Gulfport, Mississippi, and thereby indirectly acquire Merchants 
Bank & Trust Company, Bay Saint Louis, Mississippi.

    Board of Governors of the Federal Reserve System, February 4, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-3165 Filed 2-7-97; 8:45 am]
BILLING CODE 6210-01-F