[Federal Register Volume 63, Number 112 (Thursday, June 11, 1998)]
[Notices]
[Page 31994]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-15502]


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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 July 6, 1998.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Service Bancorp, Medway, Massachusetts; to acquire more than 51 
percent of the voting shares of Summit Bancorp, Inc., Medway, 
Massachusetts. Summit Bancorp, Inc., has applied to become a bank 
holding company by acquiring Summit Bank, Medway, Massachusetts, which 
currently is a subsidiary of Service Bancorp.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. The Banc Corporation (formerly known as Emerald Coast Bancorp), 
Panama City Beach, Florida; to merge with City National Corporation, 
Sylacauga, Alabama, and thereby indirectly acquire City National Bank 
of Sylacauga, Sylacauga, Alabama.
    2. The Banc Corporation (formerly known as Emerald Coast Bancorp), 
Panama City Beach, Florida; to merge with First Citizens Bancorp, Inc., 
Monroeville, Alabama, and thereby indirectly acquire First Citizens 
Bank of Monroe County, Monroeville, Alabama.
    3. The Banc Corporation (formerly known as Emerald Coast Bancorp), 
Panama City Beach, Florida; to merge with Commercial Bancshares of 
Roanoke, Inc., Roanoke, Alabama, and thereby indirectly acquire 
Commerical Bank of Roanoke, Roanoke, Alabama.
    4. The Banc Corporation (formerly known as Emerald Coast Bancorp), 
Panama City Beach, Florida; to merge with Warrior Capital Corporation, 
Birmingham, Alabama, and thereby indirectly acquire The Bank, 
Birmingham, Alabama (formley known as Warrior Savings Bank, Warrior, 
Alabama.
    C. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. CGB&L Financial Group, Inc., Cerro Gordo, Illinois; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Cerro Gordo Building and Loan, s.b., Cerro Gordo, Illinois.
    In connection with this application, Applicant also has applied to 
engage de novo in extending credit and servicing loans, pursuant to 
Sec.  225.28(b)(1) of Regulation Y.

    Board of Governors of the Federal Reserve System, June 5, 1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-15502 Filed 6-10-98; 8:45 am]
BILLING CODE 6210-01-F