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 28, 2002.
A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Access National Corporation, Chantilly, Virginia; to become a bank holding company by acquiring 100 percent of the voting shares of Access National Bank, Chantilly, Virginia.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63166-2034:
1. Citizens Cumberland Bancshares, Inc., Burkesville, Kentucky; to become a bank holding company by acquiring 100 percent of the voting shares of Citizens Bank of Cumberland County, Inc., Burkesville, Kentucky.
C. Federal Reserve Bank of Minneapolis (Julie Stackhouse, Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
1. Wadena Bankshares, Inc., Wadena, Minnesota; to acquire 100 percent of the voting shares of Baron Bancshares II, Inc., White Bear Lake, Minnesota, and thereby indirectly acquire voting shares of Security State Bank of Deer Creek, Deer Creek, Minnesota.
D. Federal Reserve Bank of Kansas City (Susan Zubradt, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
1. Meader Insurance Agency, Inc., Waverly, Kansas; to acquire up to 11 percent of the voting shares of 1st Financial Bancshares, Inc., Shawnee Mission, Kansas, and thereby indirectly acquire voting shares of 1st Financial Bank, Overland Park, Kansas, and Centerville State Bank, Centerville, Kansas.
In connection with this application, Applicant also has applied to indirectly acquire Sylvan Agency, Inc., Sylvan Grove, Kansas, and engage in general insurance activities in a place that has a population not exceeding 5,000, pursuant to § 225.28(b)(11)(iii)(A) of Regulation Y.Start Signature
Board of Governors of the Federal Reserve System, April 26, 2002.
Margaret McCloskey Shanks,
Assistant Secretary of the Board.
[FR Doc. 02-10812 Filed 5-1-02; 8:45 am]
BILLING CODE 6210-01-S