[Federal Register: January 15, 1998 (Volume 63, Number 10)]
[Notices]               
[Page 2393-2394]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15ja98-63]

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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 February 9, 1998.
    A. Federal Reserve Bank of Cleveland (Jeffery Hirsch, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. WesBanco, Inc., Wheeling, West Virginia; to acquire 100 percent 
of the voting shares of Commercial Bancshares, Incorporated, 
Parkersburg, West Virginia, and thereby indirectly acquire The Bank of 
Paden City, Paden City, West Virginia, Commercial Banking and Trust 
Company, Parkersburg, West Virginia, Jackson County Bank, Ravenswood, 
West Virginia, Farmers & Mechanics Bank of

[[Page 2394]]

Ritchie County, Harrisville, West Virginia, The Dime Bank, Marietta, 
Ohio, Union Bank Of Tyler County, Middlebourne, West Virginia, The 
Community Bank, Pennsboro, West Virginia, and Gateway Bancshares, Inc., 
McMechen, West Virginia, and thereby indirectly acquire The Bank of 
McMechen, McMechen, West Virginia.
    In connection with this application, Applicant also has applied to 
acquire Commbanc Investment, Inc., Marietta, Ohio, and Hometown Finance 
Co., Inc., Parkersburg, West Virginia, and thereby engage in securities 
brokerage activities pursuant to Sec.  225.28(b)(7)(i) of the Board's 
Regulation Y, in financial and advisory activities pursuant to Sec.  
225.28 (b)(6) of the Board's Regulation Y; extending credit and 
servicing loans pursuant to Sec.  225.28(b)(1) of the Board's 
Regulation Y; and acting as agent for the sale of death and disability 
insurance directly related to its consumer lending activities pursuant 
to Sec.  225.28(b)(11)(ii) of the Board's Regulation Y.
    B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Regions Financial Corporation, Birmingham, Alabama; to merge 
with Key Florida Bancorp, Inc., Bradenton, Florida, and thereby 
indirectly acquire Liberty National Bank, Bradenton, Florida.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Community Bank Shares of Indiana, Inc., New Albany, Indiana; to 
acquire 100 percent of the voting shares of NCF Financial Corporation, 
Bardstown, Kentucky, and thereby indirectly acquire NCF Bank & Trust 
Company, Bardstown, Kentucky.
    2. Union Planters Corporation, Memphis, Tennessee; to acquire 100 
percent of the voting shares of Security Bancshares, Inc., Des Arc, 
Arkansas, and thereby indirectly acquire Farmers & Merchants Bank, Des 
Arc, Arkansas, and Merchants & Farmers Bank, West Helena, Arkansas.
    D. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 90 Hennepin Avenue, P.O. Box 291, Minneapolis, Minnesota 
55480-0291:
    1. Forstrom Bancorporation, Inc., Clara City, Minnesota; to merge 
with First Valley Bankcorp, Seeley Lake, Montana, and thereby 
indirectly acquire First Valley Bank, Seeley Lake, Montana.

    Board of Governors of the Federal Reserve System, January 9, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-1001 Filed 1-14-98; 8:45 am]
BILLING CODE 6210-01-F