[Federal Register Volume 63, Number 105 (Tuesday, June 2, 1998)]
[Notices]
[Pages 29996-29997]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-14578]


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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 June 26, 1998.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. CFBanc Corporation, Washington, D.C.; to become a bank holding 
company by acquiring 100 percent of the voting shares of City First 
Bank of D. C., National Association, Washington, D.C. (in 
organization).
    In connection with this application, CFBanc Holdings, Incorporated, 
Washington, D.C., also has applied to become a bank holding company by 
acquiring between 25 percent and 50 percent of the voting shares of 
CFBanc Corporation, Washington, D.C., and thereby indirectly acquire 
City First

[[Page 29997]]

Bank of D.C., National Association, Washington, D.C. (in organization).
    B. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 
55480-0291:
    1. Community First Bankshares, Inc., Fargo, North Dakota; to merge 
with Guardian Bancorp, Salt Lake City, Utah, and thereby indirectly 
acquire Guardian State Bank, Salt Lake City, Utah.
    C. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. Security Bank Holding Company Employee Stock Ownership Plan, and 
Security Bank Holding Company, both of Coos Bay, Oregon; to acquire 100 
percent of the Class B common stock, which will represent not less than 
50 percent of the total equity of of McKenzie State Bank, Springfield, 
Oregon (in organization).

    Board of Governors of the Federal Reserve System, May 28, 1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-14578 Filed 6-1-98; 8:45 am]
BILLING CODE 6210-01-F