Federal Register / Vol. 60, No. 26 / Wednesday, February 8, 1995 / Notices 7567

North Fork Bancorporation, Inc.;

Acquisition of Company Engaged in

Permissible Nonbanking Activities

The organization listed in this notice

has applied under § 225.23(a)(2) or (f)

of the Board’s Regulation Y (12 CFR

225.23(a)(2) or (f)) for the Board’s

approval under section 4(c)(8) of the

Bank Holding Company Act (12 U.S.C.

1843(c)(8)) and § 225.21(a) of Regulation

Y (12 CFR 225.21(a)) to acquire or

control voting securities or assets of a

company engaged in a nonbanking

activity that is listed in § 225.25 of

Regulation Y as closely related to

banking and permissible for bank

holding companies. Unless otherwise

noted, such activities will be conducted

throughout the United States.

The application is available for

immediate inspection at the Federal

Reserve Bank indicated. Once the

application has been accepted for

processing, it will also be available for

inspection at the offices of the Board of

Governors. Interested persons may

express their views in writing on the

question whether consummation of the

proposal can ‘‘reasonably be expected to

produce benefits to the public, such as

greater convenience, increased

competition, or gains in efficiency, that

outweigh possible adverse effects, such

as undue concentration of resources,

decreased or unfair competition,

conflicts of interests, or unsound

banking practices.’’ Any request for a

hearing on this question must be

accompanied by a statement of the

reasons a written presentation would

not suffice in lieu of a hearing,

identifying specifically any questions of

fact that are in dispute, summarizing the

evidence that would be presented at a

hearing, and indicating how the party

commenting would be aggrieved by

approval of the proposal.

Comments regarding the application

must be received at the Reserve Bank

indicated or the offices of the Board of

Governors not later than February 22,

1995.

A. Federal Reserve Bank of New

York (William L. Rutledge, Senior Vice

President) 33 Liberty Street, New York,

New York 10045:

1. North Fork Bancorporation, Inc.,

Mattituck, New York; to acquire up to

9.9 percent of the outstanding common

stock of Sunrise Bancorp, Inc.,

Farmingdale, New York, and thereby

indirectly acquire an interest in

Sunrise’s wholly-owned federal savings

bank subsidiary, Sunrise Federal

Savings Bank, Farmingdale, New York,

and its subsidiary, Paumanok Service

Corp., Farmingdale, New York, and

thereby engage in securities brokerage

activities, pursuant to §§ 225.25(b)(9)

and (15) of the Board’s Regulation Y.

Board of Governors of the Federal Reserve

System, February 2, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–3095 Filed 2–7–95; 8:45 am]

BILLING CODE 6210–01–F

Norwest Corporation; Change in Bank

Control Notices; Acquisitions of

Shares of Banks or Bank Holding

Companies; Correction

This notice corrects a notice (FR Doc.

95-2055) published on page 5396 and

5397 of the issue for Friday, January 27,

1995.

Under the Federal Reserve Bank of

Minneapolis heading, the entries for

Norwest Corporation, are revised to read

as follows:

1. Norwest Corporation, Minneapolis,

Minnesota; to acquire Stan-Shaw

Corporation, Anaheim Hills, California,

and thereby engage in acting as trustee

under deeds of trust, preparing and

filing notices of default, reconveyances

and related documents, pursuant to §

225.25(b)(3) of the Board’s Regulation Y.

2. Norwest Corporation, Minneapolis,

Minnesota; to acquire Directors

Mortgage Loan Corporation, Riverside,

California, and thereby engage in (1) the

origination, sale and servicing of

residential single-family, first mortgage

loans, the retention, purchase and sale

of servicing rights associates with such

mortgage loans, pursuant to §

225.25(b)(1) of the Board’s Regulation Y,

and (2) the acquisition of 24.6 percent

of Mission Savings and Loan

Association, Riverside, California,

pursuant to § 225.25(b)(9) of the Board’s

Regulation Y.

3. Norwest Corporation, Minneapolis,

Minnesota; to acquire Directors

Insurance Service, Riverside, California,

and thereby engage in (1) providing, as

agent for various insurance

underwriters, a full line of home

mortgage insurance products, including

mortgage life, flood, and earthquake

insurance, pursuant to section 4(c)(8)(G)

of the Bank Holding Company Act.

Comments on this application must

be received by February 13, 1995.

Board of Governors of the Federal Reserve

System, February 2, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–3096 Filed 2–7–95; 8:45 am]

BILLING CODE 6210–01–F

Royal Bancshares of Pennsylvania,

Inc., et al.; Formations of; Acquisitions

by; and Mergers of Bank Holding

Companies

The companies listed in this notice

have applied for the Board’s approval

under section 3 of the Bank Holding

Company Act (12 U.S.C. 1842) and §

225.14 of the Board’s Regulation Y (12

CFR 225.14) to become a bank holding

company or to acquire a bank or bank

holding company. The factors that are

considered in acting on the applications

are set forth in section 3(c) of the Act

(12 U.S.C. 1842(c)).

Each application is available for

immediate inspection at the Federal

Reserve Bank indicated. Once the

application has been accepted for

processing, it will also be available for

inspection at the offices of the Board of

Governors. Interested persons may

express their views in writing to the

Reserve Bank or to the offices of the

Board of Governors. Any comment on

an application that requests a hearing

must include a statement of why a

written presentation would not suffice

in lieu of a hearing, identifying

specifically any questions of fact that

are in dispute and summarizing the

evidence that would be presented at a

hearing.

Unless otherwise noted, comments

regarding each of these applications

must be received not later than March

3, 1995.

A. Federal Reserve Bank of

Philadelphia (Michael E. Collins, Senior

Vice President) 100 North 6th Street,

Philadelphia, Pennsylvania 19105:

1. Royal Bancshares of Pennsylvania,

Inc., Narberth, Pennsylvania; to become

a bank holding company by acquiring

100 percent of the voting shares of Royal

Bank of Pennsylvania, Narberth,

Pennsylvania.

B. Federal Reserve Bank of

Richmond (Lloyd W. Bostian, Jr., Senior

Vice President) 701 East Byrd Street,

Richmond, Virginia 23261:

1. First Citizens BancShares, Inc.,

Raleigh, North Carolina; to merge with

Old White Bankshares, Incorporated,

White Sulphur Springs, West Virginia,

and thereby indirectly acquire Bank of

White Sulphur Springs, White Sulphur

Springs, West Virginia.

C. Federal Reserve Bank of Dallas

(Genie D. Short, Vice President) 2200

North Pearl Street, Dallas, Texas 75201-

2272:

1. First Commercial Financial Corp.,

Seguin, Texas; to become a bank

holding company by acquiring 100

percent of the voting shares of First

Commercial Bank, N.A., Seguin, Texas.