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

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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 December 18, 2000.

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

1. Arison Holdings (1998) Ltd., Tel Aviv, Israel; to become a bank holding company by acquiring 20.74 percent of the voting shares of Signature Bank, New York, New York (in formation).

B. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking Supervision) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:

1. Steel Valley Bancorp, St. Clairsville, Ohio; to become a bank holding company by acquiring 100 percent of the voting shares of Steel Valley Bank, N.A., Dillonvale, Ohio.

C. Federal Reserve Bank of Chicago (Phillip Jackson, Applications Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:

1. Woodford Bancshares, Inc., Monroe, Wisconsin; to become a bank holding company by acquiring 100 percent of the voting shares of Woodford State Bank, Woodford, Wisconsin.

D. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:

1. Mountain West Financial Corporation, Helena, Montana; to acquire between 25.2 percent and 50.01 percent of the voting shares of Bankwest Financial, Inc., Kalispell, Montana, and thereby indirectly acquire voting shares of BankWest, National Association, Kalispell, Montana.

E. Federal Reserve Bank of Kansas City (D. Michael Manies, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:

1. Central Financial Corporation, Hutchinson, Kansas; to acquire 8.80 percent of the voting shares of TTAC Corp., Manhattan, Kansas, and thereby indirectly acquire Community First National Bank, Manhattan, Kansas.

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Board of Governors of the Federal Reserve System, November 17, 2000.

Robert deV. Frierson

Associate Secretary of the Board.

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[FR Doc. 00-29929 Filed 11-22-00; 8:45 am]