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. Additional information on all bank holding companies may be obtained from the National Information Center website at www.ffiec.gov/nic/.
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 May 1, 2000.
A. Federal Reserve Bank of Boston (Richard Walker, Community Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
1. SI Bancorp, Willimantic, Connecticut; to become a bank holding company by acquiring 100 percent of the voting shares of Savings Institute, Willimantic, Connecticut.
B. Federal Reserve Bank of New York (Betsy Buttrill White, Senior Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Niagara Bancorp, MHC, Lockport, New York, and Niagara Bancorp, Inc, Lockport, New York; to acquire 100 percent of the voting shares, and thereby merge with CNY Financial Corporation, Cortland, New York, and thereby indirectly acquire Cortland Savings Bank, Cortland, New York.
C. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
1. Business Bancorporation, Inc., Minnetonka, Minnesota; to become a bank holding company by acquiring 100 percent of the voting shares of The Business Bank, Minnetonka, Minnesota.
D. Federal Reserve Bank of San Francisco (Maria Villanueva, Consumer Regulation Group) 101 Market Street, San Francisco, California 94105-1579:
1. Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan; indirectly through Dai-Ichi Kangyo Fuji Trust & Banking Co., Ltd., Tokyo, Japan; to acquire 100 percent of the voting shares of DKF Trust Company (USA), New York, New York.Start Signature
Board of Governors of the Federal Reserve System, April 3, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-8619 Filed 4-6-00; 8:45 am]
BILLING CODE 6210-01-P