[Federal Register Volume 65, Number 191 (Monday, October 2, 2000)]
[Notices]
[Page 58771]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-25132]


=======================================================================
-----------------------------------------------------------------------

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 (12 U.S.C. 1843). Unless otherwise noted, 
nonbanking activities will be conducted throughout the United States. 
Additional information on all bank holding companies may be obtained 
from the National Information Center website at www.ffiec.gov/nic/.
    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 26, 2000.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. National Penn Bancshares, Inc., Boyertown, Pennsylvania; to 
acquire 100 percent of the voting shares of Community Independent Bank, 
Inc., Bernville, Pennsylvania, and thereby indirectly acquire voting 
shares of Bernville Bank, NA, Hackettstown, New Jersey.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. BB&T Corporation, Winston-Salem, North Carolina; to merge with 
BankFirst Corporation, Knoxville, Tennessee, and thereby indirectly 
acquire voting shares of BankFirst, Knoxville, Tennessee, and First 
National Bank and Trust Company, Athens, Tennessee.
    In connection with this application, Applicant also has applied to 
acquire BankFirst Trust Company, Knoxville, Tennessee, and thereby 
engage in trust company activities, pursuant to Sec. 225.28(b)(5) of 
Regulation Y.
    In addition, Applicant also has requested permission to exercise an 
option to acquire up to 19.9 percent of the voting securities of 
BankFirst Corporation under certain circumstances.
    C. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. ULLICO, Inc., Washington, D.C.; to become a bank holding company 
by acquiring 100 percent of the voting shares of Amalgamated 
Investments Company, Chicago, Illinois, and thereby indirectly acquire 
voting shares of Amalgamated Bank of Chicago, Chicago, Illinois.
    D. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Inter-Mountain Bancorp, Inc., Bozeman, Montana; to acquire 100 
percent of the voting shares of Chouteau County Bancshares, Inc., Fort 
Benton, Montana, and thereby indirectly acquire voting shares of First 
State Bank, Fort Benton, Montana.
    2. Stockman Financial Corporation, Miles City, Montana; to acquire 
100 percent of the voting shares of Marquette Bank Montana, National 
Association, Conrad, Montana.
    E. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Sturm Financial Group, Inc., Denver, Colorado; to become a bank 
holding company by acquiring 100 percent of the voting shares of Sturm 
Banks of Colorado, Inc., Denver, Colorado, and thereby indirectly 
acquire Bank of Cherry Creek N.A., Boulder, Colorado, Bank of Cherry 
Creek N.A., Denver, Colorado, Mesa National Bank, Grand Junction, 
Colorado, Western National Bank of Colorado, Colorado Springs, 
Colorado; Sturm Banks of Wyoming, Inc., Denver, Colorado, and thereby 
indirectly acquire American National Bank of Cheyenne, Cheyenne, 
Wyoming, Wyoming Bank & Trust Company N.A., Buffalo, Wyoming, 
Stockgrowers State Bank N.A., Worland, Wyoming, Bank of Laramie N.A., 
Laramie, Wyoming; and Sturm Banks of Kansas City, Inc., Denver, 
Colorado, and thereby indirectly acquire Premier Bank, Lenexa, Kansas.
    In connection with this application, Applicant also has applied to 
acquire Community First Data Services, Inc., Cheyenne, Wyoming, and 
thereby engage in data processing activities, pursuant to 
Sec. 225.28(b)(14) of Regulation Y.

    Board of Governors of the Federal Reserve System, September 26, 
2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-25132 Filed 9-29-00; 8:45 am]
BILLING CODE 6210-01-P