[Federal Register Volume 63, Number 102 (Thursday, May 28, 1998)]
[Notices]
[Page 29220]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-14051]


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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 June 19, 1998.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. The 1855 Bancorp, New Bedford, Massachusetts; to acquire 100 
percent of the voting shares of Sandwich Bancorp, Inc., Sandwich, 
Massachusetts, and thereby indirectly acquire Sandwich Cooperative 
Bank, Sandwich, Massachusetts.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Triangle Bancorp, Inc., Raleigh, North Carolina; to acquire 100 
percent of the voting shares of the successor by conversion to United 
Federal Savings Bank, Rocky Mount, North Carolina.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. National Commerce Bancorporation, Memphis, Tennessee; to acquire 
100 percent of the voting shares of CBC Bancshares, Inc., Collierville, 
Tennessee, and thereby indirectly acquire The Citizens Bank, 
Collierville, Tennessee.
    2. Union Planters Corporation, and Union Planters Holding 
Corporation, both of Memphis, Tennessee; to acquire 100 percent of the 
voting shares of, and thereby merge with AMBANC Corp., Vincennes, 
Indiana, and thereby indirectly acquire Ambank Indiana, N.A., 
Vincennes, Indiana, and Ambank Illinois, N.A., Robinson, Illinois.
    D. Federal Reserve Bank of Dallas (W. Arthur Tribble, President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Spring Hill Holdings Corporation, Longview, Texas, and Spring 
Hill (Delaware), Inc., Wilmington, Delaware; to become bank holding 
companies by acquiring 100 percent of the voting shares of Spring Hill 
State Bank, Longview, Texas.

    Board of Governors of the Federal Reserve System, May 21, 1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-14051 Filed 5-27-98; 8:45 am]
BILLING CODE 6210-01-F