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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. Additional information on all bank holding companies may be obtained from the National Information Center website at​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 August 3, 2000.

A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior Vice President), 33 Liberty Street, New York, New York 10045-0001:

1. M & T Bank Corporation, Buffalo, New York and Olympia Financial Corp., Buffalo, New York; to acquire 100 percent of the voting shares of, and thereby merge with Kaystone Financial, Inc., Harrisburg, Pennsylvania, and thereby indirectly acquire Keystone Financial Bank, N.A., Harrisburg, Pennsylvania. In addition M&T Bank Corporation has applied to acquire an option to purchase up to 19.9 percent of the shares of Keystone. This option will expire upon consummation of the merger.

In connection with this application, Applicants also have applied to acquire Keystone CDC, Inc., and thereby engage in community development activities, pursuant to § 225.28(b)(12) of Regulation Y; Keystone Financial Life Insurance Company, and thereby engage in credit life and disability life reinsurance activities related to home equity loan products, pursuant to § 225.28(b)(11) of Regulation Y; Keystone Financial Mid-Atlantic Funding Corporation, and thereby engage in issuing medium-term debt instruments, pursuant to § 225.28(b)(1) of Regulation Y; Martindale Andres & Start Printed Page 42370Company, LLC, and thereby engage in investment advisory services, pursuant to § 225.28(b)(6) of Regulation Y; and MMC&P Retirement Benefit Services, Inc., and thereby provide employee benefit third party administrator and actuarial consulting services, pursuant to § 225.28(b)(9)(ii) of Regulation Y.

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Board of Governors of the Federal Reserve System, July 3, 2000.

Jennifer J. Johnson,

Secretary of the Board.

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[FR Doc. 00-17275 Filed 7-7-00; 8:45 am]