Formations of, Acquisitions by, and Mergers of Bank Holding Companies

Full text

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 (12 U.S.C. 1843). 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 December 27, 1999.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. First National Bancshares, Inc., Spartanburg, South Carolina; to 
become a bank holding company by acquiring 100 percent of the voting 
shares of First National Bank of Spartanburg (in organization), 
Spartanburg, South Carolina.
    B. Federal Reserve Bank of Atlanta (Cynthia Goodwin, Vice 
President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Community National Bancorporation, Ashburn, Georgia; to merge 
with Tarpon Financial Corporation, Tarpon Springs, Florida, and thereby 
indirectly acquire First National Bank, Tarpon Springs, Florida.
    C. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. Belvedere Capital Partners, LLC; California Community Financial 
Institutions Fund, L.P.; and Sacramento Capital Co.; all of San 
Francisco, California; to acquire 100 percent of the voting shares of 
Sacramento Commercial Bank, Sacramento, California.

    Board of Governors of the Federal Reserve System, November 26, 
1999.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 99-31211 Filed 11-30-99; 8:45 am]
BILLING CODE 6210-01-F  

Loading most recent entriesloading

Feedback