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

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Information about this document as published in the Federal Register.

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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 February 22, 2000.

A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:

1. BB-T Corporation, Winston-Salem, North Carolina; to merge with First Banking Company of Southeast Georgia, Statesboro, Georgia, and thereby indirectly acquire Wayne National Bank, Jesup, Georgia; First National Bank of Effingham, Springfield, Georgia; Metter Banking Company, Metter, Georgia; and First Bulloch Bank & Trust Company, Statesboro, Georgia.

In connection with this proposal, BB-T Corporation requests permission to exercise an option to acquire up to 19.9 percent of the voting securities of First Banking Company of Southeast Georgia under certain circumstances.

B. Federal Reserve Bank of San Francisco (Maria Villanueva, Consumer Regulation Group) 101 Market Street, San Francisco, California 94105-1579:

1. Wells Fargo & Company, San Francisco, California; to acquire 100 percent of the voting shares of Napa National Bancorp, Napa, California, and thereby indirectly acquire Napa National Bank, Napa, California.

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Board of Governors of the Federal Reserve System, January 24, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

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[FR Doc. 00-2021 Filed 1-28-00; 8:45 am]