[Federal Register Volume 66, Number 3 (Thursday, January 4, 2001)]
[Notices]
[Page 798]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-159]


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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 (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 January 29, 2001.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Gateway Financial Corporation, Elizabeth City, North Carolina; 
to become a bank holding company by acquiring 100 percent of the voting 
shares of Gateway Bank & Trust Co., Elizabeth City, North Carolina.
    B. Federal Reserve Bank of Atlanta (Cynthia C. Goodwin, Vice 
President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. United Financial Holdings, Inc., Saint Petersburg, Florida; to 
acquire 100 percent of the voting shares of First Security Bank, 
Sarasota, Florida.
    C. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Thumb National Bank & Trust Company Employee Stock Ownership 
Plan and Trust, Pigeon, Michigan; to become a bank holding company by 
acquiring 30.52 percent of the voting shares of Thumb Bancorp, Inc., 
Pigeon, Michigan, and thereby indirectly acquiring voting shares of 
Thumb National Bank & Trust Company, Pigeon, Michigan.
    D. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Waukomis Bancshares, Inc., Yukon, Oklahoma; to become a bank 
holding company by acquiring 100 percent of the voting shares of 
Covington First State Bancshares, Inc., Covington, Oklahoma, and 
thereby indirectly acquiring First State Bank, Covington, Oklahoma.
    E. Federal Reserve Bank of San Francisco (Maria Villanueva, 
Consumer Regulation Group) 101 Market Street, San Francisco, California 
94105-1579:
    1. The Charles Schwab Corporation, San Francisco, California, and 
U.S. Trust Corporation, New York, New York; to merge with Resource 
Companies, Inc., Minneapolis, Minnesota, and thereby indirectly acquire 
Resource Trust Company, Minneapolis, Minnesota.,
    2. Franklin Resources, Inc., San Mateo, California; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
Fiduciary Trust Company International, New York, New York.
     In connection with this application, Applicant also has applied to 
acquire Franklin Templeton Bank & Trust, F.S.B., Salt Lake City, Utah, 
and thereby engage in trust company activities pursuant to Sec.  
225.28(b)(5) of Regulation Y.

    Board of Governors of the Federal Reserve System, December 28, 
2000.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. 01-159 Filed 1-3-01; 8:45 am]
BILLING CODE 6210-01-S