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[Federal Register Volume 66, Number 6 (Tuesday, January 9, 2001)]
[Notices]
[Pages 1681-1682]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-483]

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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

[[Page 1682]]

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 February 1, 2001.
    A. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Alpha Financial Group, Inc., Employee Stock Ownership Plan, 
Toluca, Illinois; to become a bank holding company by acquiring 31.61 
percent of the voting shares of Alpha Financial Group, Inc., Minonk, 
Illinois, and thereby indirectly acquiring voting shares of Alpha 
Community Bank, Toluca, Illinois.
    In connection with this proposal, Alpha Financial Group, Inc., 
Employee Stock Ownership Plan has applied to acquire indirectly voting 
shares of Alpha Insurance Services, Inc., Washburn, Illinois, and 
thereby engage in Insurance agency and underwriting activities in small 
towns pursuant to Sec. 225.28(b)(11)(iii)(A) of Regulation Y.
    B. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Frandsen Financial Corp., Forest Lake, Minnesota; to acquire 100 
percent of the voting shares of Oslo Bancorporation, Oslo, Minnesota, 
and thereby indirectly acquire Valley State Bank of Oslo, Oslo, 
Minnesota.

    Board of Governors of the Federal Reserve System, January 3, 
2001.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 01-483 Filed 1-8-01; 8:45 am]
BILLING CODE 6210-01-P
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