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Formations of, Acquisitions by, and Mergers of Bank Holding Companies

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Information about this document as published in the Federal Register.

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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 5, 2004.

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

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1. Union Bankshares Corporation, Bowling Green Virginia; to merge with Guaranty Financial Corporation, Charlottesville, Virginia, and thereby indirectly acquire Guaranty Bank, Charlottesville, Virginia.

B. Federal Reserve Bank of Chicago (Patrick Wilder, Managing Examiner) 230 South LaSalle Street, Chicago, Illinois 60690-1414:

1. Grant County State Bancshares, Inc., Employees Stock Ownership Plan, Swayzee, Indiana; to acquire up to 35.26 percent of the voting shares of Grant County State Bancshares, Inc., Swayzee, Indiana, and thereby indirectly increase it control of Grant County State Bank, Swayzee, Indiana.

2. MB Financial, Inc., Chicago, Illinois; to acquire 100 percent of the voting shares of First Security Fed Financial, Inc., Chicago, Illinois, and thereby indirectly acquire First Security Federal Savings Bank, Chicago, Illinois, upon its conversion to a bank.

In connection with this application, Applicant also has applied to engage in operating a savings association, pursuant to section 225.28(b)(4)(ii) of Regulation Y.

C. Federal Reserve Bank of San Francisco (Tracy Basinger, Director, Regional and Community Bank Group) 101 Market Street, San Francisco, California 94105-1579:

1. Wilshire Bancorp, Inc., Los Angeles, California; to become a bank holding company by acquiring 100 percent of the voting shares of Wilshire State Bank, Los Angeles, California.

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Board of Governors of the Federal Reserve System, March 8, 2004.

Robert deV. Frierson,

Deputy Secretary of the Board.

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[FR Doc. 04-5592 Filed 3-11-04; 8:45 am]