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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 April 13, 2001.

A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:

1. Carolina Financial Corporation, Charleston, South Carolina; to acquire 100 percent of the voting shares of Crescent Bank, Myrtle Beach, South Carolina.

2. Waccamaw Bankshares, Inc., Whiteville, North Carolina; to become a bank holding company by acquiring 100 percent of the voting shares of Waccamaw Bank, Whiteville, North Carolina.

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

1. Glacier Bancorp, Inc., Kalispell, Montana; to acquire 100 percent of the voting shares of Western Security Bank, Billings, Montana, a de novo bank.

C. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice President) 2200 North Pearl Street, Dallas, Texas 75201-2272:

1. Community Bank Holdings of Texas, Inc., Corsicana, Texas, and Corsicana Holdings, Inc., Dover, Delaware; to merge with Eagle Bancshares, Inc., Fairfield, Texas, and thereby indirectly acquire voting shares of Fairfield Holdings, Inc., Wilmington, Delaware; First National Bank, Fairfield, Texas; and Texas Bank, S.S.B., Buffalo, Texas.

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Board of Governors of the Federal Reserve System, March 14, 2001.

Robert deV. Frierson

Associate Secretary of the Board.

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[FR Doc. 01-6780 Filed 3-19-00; 8:45 am]