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 March 3, 2003.
A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Surrey Bancorp, Mount Airy, North Carolina; to become a bank holding company by acquiring 100 percent of the voting shares of Surrey Bank and Trust, Mount Airy, North Carolina.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63166-2034:
1. Bank of Mulberry Employee Stock Ownership Trust, Mulberry, Arkansas; and its subsidiary, ACME Holding Company, Inc., Mulberry, Arkansas, to acquire 81.65 percent of Madison Corporation, Little Rock, Arkansas, and thereby indirectly acquire Madison Bank and Trust, Kingston, Arkansas.
2. Reliance Bancshares, Inc., Des Peres, Missouri; to acquire 100 percent of the voting shares of The Bank of Godfrey, Godfrey, Illinois.
C. Federal Reserve Bank of San Francisco (Maria Villanueva, Consumer Regulation Group) 101 Market Street, San Francisco, California 94105-1579:
1. Gaslight Leasing, Inc., Fremont, California; to become a bank holding company by acquiring 100 percent of Fremont Bancorporation, and thereby indirectly acquire Fremont Bank, all of Fremont, California.Start Signature
Board of Governors of the Federal Reserve System, January 29, 2003.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 03-2445 Filed 1-31-03; 8:45 am]
BILLING CODE 6210-01-S