[Federal Register Volume 63, Number 12 (Tuesday, January 20, 1998)]
[Notices]
[Pages 2980-2981]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1174]


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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 February 13, 1998.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Peoples Heritage Financial Group, Inc., Portland, Maine; to 
acquire and thereby merge with CFX Corporation, Keene, New Hampshire, 
and thereby indirectly acquire Safety Fund National Bank, Fitchburg, 
Massachusetts; Orange Savings Bank, Orange, Massachusetts; and CFX 
Bank, Keene, New Hampshire.

[[Page 2981]]

    B. Federal Reserve Bank of Cleveland (Jeffery Hirsch, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. FirstMerit Corporation, Akron, Ohio; to merge with CoBancorp, 
Inc., Elyria, Ohio, and thereby indirectly acquire PremierBank & Trust, 
Elyria, Ohio.
    In connection with this application, Applicant also has applied to 
acquire Jefferson Savings Bank, West Jefferson, Ohio, and thereby 
engage in permissible savings association activities, pursuant to Sec.  
225.28(b)(4)(ii) of the Board's Regulation Y.
    C. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. MainStreet BankGroup Incorporated, Martinsville, Virginia; to 
acquire 100 percent of the voting shares of Regency Financial Shares, 
Inc., Richmond, Virginia, and thereby indirectly acquire Regency Bank, 
Richmond, Virginia.
    D. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Lincoln Interim Corporation, Lincolnton, Georgia; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Lincoln Bancshares, Inc., Lincoln, Georgia.
    2. The Peoples BancTrust Company, Inc., Selma, Alabama; to merge 
with Merchants & Planters Bancshares, Inc., Montevallo, Alabama, and 
thereby indirectly acquire Merchants & Planters Bank, Montevallo, 
Alabama.
    E. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. F&M Bancorporation, Inc., Kaukauna, Wisconsin; to acquire 100 
percent of the voting shares of Bancsecurity Corporation, Marshalltown, 
Iowa, and thereby indirectly acquire Security Bank, Marshalltown, Iowa; 
Security Bank Jasper-Poweshiek, Kellogg, Iowa; and Story County Bank & 
Trust, Story City, Iowa.
    In connection with this application, Bancsecurity Acquisition 
Corp., Kaukauna, Wisconsin, has also applied to become a bank holding 
company.

    Board of Governors of the Federal Reserve System, January 13, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-1174 Filed 1-16-98; 8:45 am]
BILLING CODE 6210-01-F