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.Start Printed Page 5873
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 March 2, 2000.
A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Davis Trust Financial Corporation, Elkins, West Virginia; to become a bank holding company by acquiring 100 percent of the voting shares of Davis Trust Company, Elkins, West Virginia.
B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. TransAtlantic Holding Corp., Miami, Florida; to become a bank holding company by acquiring up to 100 percent of the voting shares of TransAtlantic Bank, Coral Gables (Miami), Florida.
C. Federal Reserve Bank of Chicago (Phillip Jackson, Applications Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. Capitol Bancorp, Ltd., Lansing, Michigan; Sun Community Bancorp Limited, Phoenix, Arizona; and Nevada Community Bancorp Limited, Las Vegas, Nevada; to acquire 51 percent of the voting shares of Black Mountain Community Bank (in organization), Henderson, Nevada.
D. 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 Michigan Financial Corporation, Marquette, Michigan, and thereby indirectly acquire MFC First National Bank, Marquette, Michigan; MFC First National Bank, Minominee, Michigan; MFC First National Bank, Ironwood, Michigan; MFC First National Bank, Iron River, Michigan; MFC First National Bank, Iron Mountain, Michigan; MFC First National Bank, Houghton, Michigan; and MFC First National Bank, Escanaba, Michigan.
In connection with this application, Applicant also has applied to acquire Michigan Financial Life Insurance Company, Marquette, Michigan, and thereby engage in underwriting life insurance and accident and health insurance that is directly related to an extension of credit by the bank holding company organization, pursuant to § 225.28(b)(11) of Regulation Y.Start Signature
Board of Governors of the Federal Reserve System, February 1, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-2616 Filed 2-4-00; 8:45 am]
BILLING CODE 6210-01-P