Federal Register / Vol. 60, No. 8 / Thursday, January 12, 1995 / Notices 2969

FEDERAL RESERVE SYSTEM

Abess Properties, Ltd.; 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 January 26,

1995.

A. Federal Reserve Bank of Atlanta

(Zane R. Kelley, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303:

1. Abess Properties, Ltd., and City

National Bancshares, Inc., both of

Miami, Florida, to acquire an additional

20.6 percent of the outstanding voting

shares, for a total of 30.15 percent, of

Turnberry Savings & Loan Association,

North Miami Beach, Florida and thereby

engage in operating a savings and loan

association pursuant to § 225.25(b)(9) of

the Board’s Regulation Y. The proposed

activity will be conducted throughout

the State of Florida.

Board of Governors of the Federal Reserve

System, January 6, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–766 Filed 1–11–95; 8:45 am]

BILLING CODE 6210–01–F

Albert City Bankshares, 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 February

6, 1995.

A. Federal Reserve Bank of Chicago

(James A. Bluemle, Vice President) 230

South LaSalle Street, Chicago, Illinois

60690:

1. Albert City Bankshares, Inc., Albert

City, Iowa; to acquire 94 percent of the

voting shares of The Citizens State

Bank, Marathon, Iowa.

2. First Michigan Bank Corporation,

Holland, Michigan; to acquire 100

percent of the voting shares of Superior

Financial Corporation, Sault Sainte

Marie, Michigan, and thereby indirectly

acquire Sault Bank, Sault Sainte Marie,

Michigan.

3. National Bancorp, Inc., Melrose

Park, Illinois; to acquire 100 percent of

the voting shares of Northwest

Community Bank, Prospect Heights,

Illinois, a de novo bank.

4. West Plains Investors, Inc., Pleasant

Plains, Illinois; to become a bank

holding company by acquiring at least

80 percent, but up to 98.24 percent of

the voting shares of Pleasant Plains

State Bank, Pleasant Plains, Illinois.

Board of Governors of the Federal Reserve

System, January 6, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–767 Filed 1–11–95; 8:45 am]

BILLING CODE 6210–01–F

E. Ross Harris; Change in Bank

Control Notice

Acquisition of Shares of Banks or

Bank Holding Companies

The notificant listed below has

applied under the Change in Bank

Control Act (12 U.S.C. 1817(j)) and §

225.41 of the Board’s Regulation Y (12

CFR 225.41) to acquire a bank or bank

holding company. The factors that are

considered in acting on notices are set

forth in paragraph 7 of the Act (12

U.S.C. 1817(j)(7)).

The notice is available for immediate

inspection at the Federal Reserve Bank

indicated. Once the notice 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 indicated

for the notice or to the offices of the

Board of Governors. Comments must be

received not later than February 6, 1995.

A. Federal Reserve Bank of Dallas

(Genie D. Short, Vice President) 2200

North Pearl Street, Dallas, Texas 75201-

2272:

1. E. Ross Harris, George West, Texas;

to acquire an additional 1.74 percent,

for a total of 11.65 percent, of the voting

shares of Live Oak Bancshares

Corporation, George West, Texas, and

thereby indirectly acquire First National

Bank, George West, Texas.

In connection with this proposal, E.

Ross Harris, Thomas J. Martin, Jr., and

Joseph R. Schruder have applied as

voting representatives for a voting and

stock restriction agreement to control 66

percent of the outstanding shares of Live

Oak Bancshares Corporation.

Board of Governors of the Federal Reserve

System, January 6, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–768 Filed 1–11–95; 8:45 am]

BILLING CODE 6210–01–F