[Federal Register Volume 65, Number 229 (Tuesday, November 28, 2000)]
[Notices]
[Pages 70911-70913]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-30210]


-----------------------------------------------------------------------

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

[[Page 70912]]

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 December 21, 2000.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President), 411 Locust Street, St. Louis, Missouri 63166-2034:
    1. Carlson Bancshares, Inc., West Memphis, Arkansas; to merge with 
Lakeside Bancshares, Inc., Hughes, Arkansas, and thereby indirectly 
acquire The Planters National Bank of Hughes, Hughes, Arkansas.
    B. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Lake Bank Shares, Inc., Employee Stock Ownership Plan, Emmons, 
Minnesota; to acquire an additional 8.19 percent, thereby increasing 
their ownership to 38.19 percent, of the voting shares of Lake Bank 
Shares, Inc., Emmons, Minnesota, and thereby indirectly acquire voting 
shares of The First State Bank of Emmons, Emmons, Minnesota, and 
Security Bank Minnesota, Albert Lea, Minnesota.
    C. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President), 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Prosperity Bancshares, Inc., Houston, Texas, and Prosperity 
Holdings, Inc., Wilmington, Delaware; to merge with Commercial 
Bancshares, Inc., Houston, Texas, and Heritage Bancshares, Inc., 
Wilmington, Delaware, and thereby indirectly acquire voting shares of 
Heritage Bank, Wharton, Texas.
    D. Federal Reserve Bank of San Francisco (Maria Villanueva, 
Consumer Regulation Group), 101 Market Street, San Francisco, 
California 94105-1579:
    1. First National Bank of Nevada Holding Company, Scottsdale, 
Arizona; to acquire approximately 91.45 percent of the voting shares of 
Rocky Mountain Bank, Chandler, Arizona.
    2. Mitsubishi Tokyo Financial Group, Inc., Tokyo, Japan; to become 
a bank holding company by acquiring at least 65 percent of the voting 
shares of Bank of Tokyo-Mitsubishi Trust Company, New York, New York; 
Mitsubishi Trust & Banking Corporation (U.S.A.), New York, New York; 
and UnionBanCal Corporation, San Francisco, California; and thereby 
acquire shares of Union Bank of California, N.A., San Francisco, 
California.
    In connection with this application, Applicant also has applied to 
acquire subsidiaries engaged in nonbanking activities, including 
Bankers Commercial Corporation, Los Angeles, California, and thereby 
engage in leasing personal and real property pursuant to 
Sec. 225.28(b)(3) of Regulation Y, and extending credit and servicing 
loans, pursuant to Sec. 225.28(b)(1) of RegulationY; UNBC Leasing, 
Inc., Los Angeles, California, and thereby engage in leasing personal 
and real property, pursuant to Sec. 225.28(b)(3) of Regulation Y, and 
extending credit and servicing loans, pursuant to Sec. 225.28(b)(1) of 
Regulation Y; UnionBanCal Leasing Corporation, Los Angeles, California, 
and thereby engage in leasing personal and real property, pursuant to 
Sec. 225.28(b)(3) of Regulation Y, and extending credit and servicing 
loans, pursuant to Sec. 225.28(b)(1) of Regulation Y; Stanco 
Properties, Inc., San Francisco, California, and thereby engage in 
trust company functions, pursuant to Sec. 225.28(b)(5) of Regulation Y; 
UnionBanCal Mortgage Corporation, Los Angeles, California, and thereby 
engage in extending credit and servicing loans, pursuant to 
Sec. 225.28(b)(1) of Regulation Y; HighMark Capital Management, Inc., 
San Francisco, California, and thereby engage in financial and 
investment advisory activities, pursuant to Sec. 225.28(b)(6) of 
Regulation Y; Tokyo-Mitsubishi Securities (USA), Inc., New York, New 
York, and thereby engage in brokerage and investment advisory services, 
see The Mitsubishi Bank, Limited, 82 Fed. Res. Bull. 436 (1996); and 
The Bank of Tokyo, Ltd., 76 Fed. Res. Bull. 654 (1990); and thereby 
engage in providing agency transactional services, pursuant to 
Sec. 225.28(b)(7) of Regulation Y; financial and investment advisory 
activities, pursuant to Sec. 225.28(b)(6) of Regulation Y; investment 
transactions as principal, pursuant to Sec. 225.28(b)(8) of Regulation 
Y; and extending credit and servicing loans, pursuant to 
Sec. 225.28(b)(1) of Regulation Y; Tokyo-Mitsubishi Futures (USA), 
Inc., Chicago, Illinois, and thereby engage in acting as a futures 
commission merchant, pursuant to Sec. 225.28(b)(7) of Regulation Y; BTM 
Capital Corporation, Boston, Massachusetts, and thereby engage in 
financial and investment advisory activities, pursuant to 
Sec. 225.28(b)(6) of Regulation Y; leasing personal and real property, 
pursuant to Sec. 225.28(b)(3) of Regulation Y; data processing, 
pursuant to Sec. 225.28(b)(14) of Regulation Y and extending credit and 
servicing loans, pursuant to Sec. 225.28(b)(1) of Regulation Y; BTMCC 
Service Corporation, Boston, Massachusetts, and thereby engage in 
leasing personal and real property, pursuant to Sec. 225.28(b)(3) of 
Regulation Y; Oak Grove Traincars, Inc., Boston, Massachusetts, and 
thereby engage in extending credit and servicing loans, pursuant to 
Sec. 225.28(b)(1) of Regulation Y; BFC Assets, Inc., Boston, 
Massachusetts, and thereby engage in leasing personal and real 
property, pursuant to Sec. 225.28(b)(3) of Regulation Y; Engine Lease 
Finance Corporation, Shannon, Ireland, and thereby engage in leasing 
personal and real property, pursuant to Sec. 225.28(b)(3) of Regulation 
Y; Aviation Lease Finance, L.L.C., Shannon, Ireland, and thereby engage 
in leasing personal and real property, pursuant to Sec. 225.28(b)(3) of 
Regulation Y; BTM Leasing and Finance, Inc., New York, New York, and 
thereby engage in leasing personal and real property, pursuant to 
Sec. 225.28(b)(3) of Regulation Y; extending credit and servicing 
loans, pursuant to Sec. 225.28(b)(1) of Regulation Y; financial and 
investment advisory activities, pursuant to Sec. 225.28(b)(6) of 
Regulation Y; and data processing, pursuant to Sec. 225.28(b)(14) of 
Regulation Y; Diamond Lease (U.S.A.), Inc., Greenwich, Connecticut, and 
thereby engage in leasing personal and real property, pursuant to 
Sec. 225.28(b)(3) of Regulation Y, and extending credit and servicing 
loans, pursuant to Sec. 225.28(b)(1) of Regulation Y; New England 
Capital Corp., Avon, Connecticut, and thereby engage in leasing 
personal and real property, pursuant to Sec. 225.28(b)(3) of Regulation 
Y, and extending credit and servicing loans, pursuant to 
Sec. 225.28(b)(1) of Regulation Y; Spectrum Capital Ltd., Greenwich, 
Connecticut, and thereby engage in leasing personal and real property, 
pursuant to Sec. 225.28(b)(3) of

[[Page 70913]]

Regulation Y, and extending credit and servicing loans, pursuant to 
Sec. 225.28(b)(1) of Regulation Y; Spc Nevada, Ltd., Carson City, 
Nevada, and thereby engage in leasing personal and real property, 
pursuant to Sec. 225.28(b)(3) of Regulation Y, and extending credit and 
servicing loans, pursuant to Sec. 225.28(b)(1) of Regulation Y; 
Spectrum Aviation Services, Inc., Reston, Virginia, and thereby engage 
in providing aircraft appraisal services related to extending credit, 
pursuant to Sec. 225.28(b)(2) of Regulation Y; Spectrum Corona, Inc., 
Wilmington, Delaware, and thereby engage in leasing personal and real 
property, pursuant to Sec. 225.28(b)(3) of Regulation Y, and extending 
credit and servicing loans, pursuant to Sec. 225.28(b)(1) of Regulation 
Y; Spectrum Corona Cogen Ltd., Wilmington, Delaware, and thereby engage 
in leasing personal and real property, pursuant to Sec. 225.28(b)(3) of 
Regulation Y, and extending credit and servicing loans, pursuant to 
Sec. 225.28(b)(1) of Regulation Y; Spectrum (CSW) Inc., Wilmington, 
Delaware, and thereby engage in leasing personal and real property, 
pursuant to Sec. 225.28(b)(3) of Regulation Y, and extending credit and 
servicing loans, pursuant to Sec. 225.28(b)(1) of Regulation Y; 
Spectrum (China SW) Ltd., Wilmington, Delaware, and thereby engage in 
leasing personal and real property, pursuant to Sec. 225.28(b)(3) of 
Regulation Y, and extending credit and servicing loans, pursuant to 
Sec. 225.28(b)(1) of Regulation Y; Volo Inc., Reno, Nevada, and thereby 
engage in leasing personal and real property, pursuant to 
Sec. 225.28(b)(3) of Regulation Y, and extending credit and servicing 
loans, pursuant to Sec. 225.28(b)(1) of Regulation Y; Winglet L.P., 
Carson City, Nevada, and thereby engage in leasing personal and real 
property, pursuant to Sec. 225.28(b)(3) of Regulation Y, and extending 
credit and servicing loans, pursuant to Sec. 225.28(b)(1) of Regulation 
Y; BC Capital Partners L.P., Wilmington, Delaware, and thereby engage 
in leasing personal and real property, pursuant to Sec. 225.28(b)(3) of 
Regulation Y and extending credit and servicing loans, pursuant to 
Sec. 225.28(b)(1) of Regulation Y; and Wingspan II, Inc., Carson City, 
Nevada, and thereby engage in leasing personal and real property, 
pursuant to Sec. 225.28(b)(3) of Regulation Y, and extending credit and 
servicing loans, pursuant to Sec. 225.28(b)(1) of Regulation Y.

    Board of Governors of the Federal Reserve System, November 21, 
2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-30210 Filed 11-27-00; 8:45 am]
BILLING CODE 6210-01-P