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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 September 29, 2003.

A. Federal Reserve Bank of New York (Jay Bernstein, Bank Supervision Officer) 33 Liberty Street, New York, New York 10045-0001:

1. Evergreen Holdings, LLC, New York, New York; to become a bank holding company by acquiring 65.88 percent of the voting shares of Eastbank Corporation, New York, New York and Eastbank, National Association, New York, New York.

2. Shinhan Financial Group, Company, Ltd., Seoul, Korea; to become Start Printed Page 52771a bank holding company by acquiring 80.04 percent of the voting shares of Chohung Bank, Seoul, Korea, and CHB America Bank, New York, New York.

B. Federal Reserve Bank of Atlanta (Sue Costello, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30303:

1. BancTrust Financial Group, Inc., Mobile, Alabama; to merge with CommerceSouth, Inc., Eufaula, Alabama, and thereby indirectly acquire CommerceSouth Bank, Eufaula, Alabama.

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

1. Mercantile Bancorp, Inc., Quincy, Illinois; to acquire up to 13.96 percent of the voting shares of NorthStar Bancshares, Inc., Kansas City, Missouri, and thereby indirectly acquire voting shares of NorthStar Bank, National Association, Kansas City, Missouri.

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Board of Governors of the Federal Reserve System, August 29, 2003.

Robert deV. Frierson,

Deputy Secretary of the Board.

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[FR Doc. 03-22602 Filed 9-4-03; 8:45 am]