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 February 22, 2001.
A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Southern Community Financial Corporation., Winston-Salem, North Carolina; to become a bank holding company by acquiring 100 percent of the voting shares of Southern Community Bank & Trust, Winston-Salem, North Carolina.
B. Federal Reserve Bank of Atlanta (Cynthia C. Goodwin, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. Persons Banking Company, Inc., Lithonia, Georgia; to acquire 100 percent of the voting shares of The Farmers Bank, Forsyth, Georgia.
2. Synovus Financial Corp., Columbus, Georgia; to acquire approximately 6 percent of the voting shares of Juniper Financial Corporation. Wilmington, Delaware, and thereby acquire shares of Juniper Bank, Wilmington, Delaware, a de novo bank, and First Bank, CBC, Maryville, Missouri. Juniper Bank will be the successor by merger with First Bank.
C. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Sterling Bancshares, Inc., Houston, Texas, and Sterling Bancorporation, Inc., Wilmington, Delaware; to merge with CaminoReal Bancshares, Inc., San Antonio, Texas, and thereby indirectly acquire voting shares of CaminoReal Delaware, Inc., Wilmington, Delaware, and CaminoReal Bank, N.A., San Antonio, Texas.Start Signature
Board of Governors of the Federal Reserve System, January 23, 2001.
Robert deV. Frierson
Associate Secretary of the Board.
[FR Doc. 01-2435 Filed 1-26-01; 8:45 am]
BILLING CODE 6210-01-S