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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 Web site 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 July 3, 2003.

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

1. SAS rue la Boetie, Paris, France; to become a bank holding company by indirectly retaining, through its 70 percent owned bank subsidiary, Credit Agricole, S.A., Paris, France, control of Espirito Santo Bank, Miami, Florida.

B. Federal Reserve Bank of Cleveland (Stephen J. Ong, Vice President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:

1. NHB Financial, Inc., Newell, West Virginia; to become a bank holding company by acquiring 100 percent of the voting shares of Northern Hancock Bank and Trust Company, Newell, West Virginia.

C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63166-2034:

1. Independence Bancorp, New Albany, Indiana. and Harrodsburg First Financial Bancorp, Inc., Harrodsburg, Kentucky; to acquire 100 percent of the voting shares of I-Bank, Louisville, Kentucky (in organization).

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

1. Bank Vest, Inc., Denver, Colorado; to become a bank holding company by acquiring 76.5 percent of the voting shares BW Holdings, Inc., Castle Rock, Colorado, and thereby indirectly acquire voting shares of Bankwest, Castle Rock, Colorado.

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Board of Governors of the Federal Reserve System, June 4, 2003.

Robert deV. Frierson,

Deputy Secretary of the Board.

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[FR Doc. 03-14537 Filed 6-9-03; 8:45 am]