5396 Federal Register / Vol. 60, No. 18 / Friday, January 27, 1995 / Notices

Citizens National Bancshares, Inc., Board of Governors of the Federal Reserve in providing data processing and related Hammond, Louisiana, and thereby System, January 23, 1995. services for Applicant’s subsidiaries: indirectly acquire Citizens National Jennifer J. Johnson, AmericanMidwest Bank & Trust, Bank, Hammond, Louisiana. Deputy Secretary of the Board. Melrose Park, , and American 2. SouthTrust Corporation, [FR Doc. 95–2053 Filed 1–26–95; 8:45 am] National Bank of DeKalb County, Birmingham, Alabama, and SouthTrust BILLING CODE 6210±01±F Sycamore, Illinois, and also Applicant’s of Mississippi, Biloxi, Mississippi; to affiliate bank: First Bank of merge with CNB Capital Corporation, Schaumburg, Inc., Schaumburg, Illinois, Pascagoula, Mississippi, and thereby National Bancorp, Inc.; Notice of pursuant to § 225.25(b)(7) of the Board’s indirectly acquire Citizens National Application to Engage de novo in Regulation Y. Bank, Pascagoula, Mississippi. Permissible Nonbanking Activities Board of Governors of the Federal Reserve 3. Royal Bank Group of Acadiana System, January 23, 1995. Partnership, Lafayette, Louisiana; to The company listed in this notice has filed an application under § 225.23(a)(1) Jennifer J. Johnson, become a bank holding company by Deputy Secretary of the Board. acquiring 32 percent of LBA Bankgroup of the Board’s Regulation Y (12 CFR [FR Doc. 95–2054 Filed 1–26–95; 8:45 am] Inc., Lafayette, Louisiana, which will 225.23(a)(1)) for the Board’s approval change its name to Royal Bankgroup of under section 4(c)(8) of the Bank BILLING CODE 6210±01±F Acadiana Inc., Lafayette, Louisisna, and Holding Company Act (12 U.S.C. 1843(c)(8)) and § 225.21(a) of Regulation thereby indirectly acquire Bank of Norwest Corporation, et al.; Lafayette, Lafayette, Louisiana and LBA Y (12 CFR 225.21(a)) to commence or to engage de novo, either directly or Acquisitions of Companies Engaged in Bank, Lafayette, Louisiana. Permissible Nonbanking Activities Bank Investors Limited Partnership, through a subsidiary, in a nonbanking Lafayette, Louisiana owns 78 percent activity that is listed in § 225.25 of The organizations listed in this notice and Chance Investment Inc., Lafayette, Regulation Y as closely related to have applied under § 225.23(a)(2) or (f) Louisiana, owns 1 percent of LBA banking and permissible for bank of the Board’s Regulation Y (12 CFR Bankgroup, Inc., Lafayette, Louisiana, holding companies. Unless otherwise 225.23(a)(2) or (f)) for the Board’s and have applied to become bank noted, such activities will be conducted approval under section 4(c)(8) of the holding companies and to acquire LBA throughout the United States. Bank Holding Company Act (12 U.S.C. Bank, Lafayette, Louisiana. The application is available for 1843(c)(8)) and § 225.21(a) of Regulation C. Federal Reserve Bank of St. Louis immediate inspection at the Federal Y (12 CFR 225.21(a)) to acquire or (Randall C. Sumner, Vice President) 411 Reserve Bank indicated. Once the control voting securities or assets of a Locust Street, St. Louis, Missouri 63166: application has been accepted for company engaged in a nonbanking 1. Wilmot Bank Holding Company, processing, it will also be available for activity that is listed in § 225.25 of Wilmot, Arkansas; to become a bank inspection at the offices of the Board of Regulation Y as closely related to holding company by acquiring 70.75 Governors. Interested persons may banking and permissible for bank percent of the voting shares of Wilmot express their views in writing on the holding companies. Unless otherwise State Bank, Wilmot, Arkansas. question whether consummation of the noted, such activities will be conducted D. Federal Reserve Bank of proposal can ‘‘reasonably be expected to throughout the United States. (James M. Lyon, Vice produce benefits to the public, such as Each application is available for President) 250 Marquette Avenue, greater convenience, increased immediate inspection at the Federal Minneapolis, 55480: competition, or gains in efficiency, that Reserve Bank indicated. Once the 1. Norwest Corporation, Minneapolis, outweigh possible adverse effects, such application has been accepted for Minnesota; to acquire 100 percent of the as undue concentration of resources, processing, it will also be available for voting shares of United Financial decreased or unfair competition, inspection at the offices of the Board of Corporation, Wichita Falls, Texas, and conflicts of interests, or unsound Governors. Interested persons may thereby indirectly acquire Parker Square banking practices.’’ Any request for a express their views in writing on the Bank, N.A., Wichita Falls, Texas, and hearing on this question must be question whether consummation of the First State Bank, Archer City, Texas. accompanied by a statement of the proposal can ‘‘reasonably be expected to 2. Norwest Corporation, Minneapolis, reasons a written presentation would produce benefits to the public, such as Minnesota; to acquire 100 percent of the not suffice in lieu of a hearing, greater convenience, increased voting shares of Goldenbanks of identifying specifically any questions of competition, or gains in efficiency, that , Inc., Golden, Colorado, and fact that are in dispute, summarizing the outweigh possible adverse effects, such thereby indirectly acquire Goldenbank evidence that would be presented at a as undue concentration of resources, National Association, Golden, Colorado; hearing, and indicating how the party decreased or unfair competition, Goldenbank National Association, commenting would be aggrieved by conflicts of interests, or unsound Englewood, Colorado; Goldenbank approval of the proposal. banking practices.’’ Any request for a National Association, Westminster, Comments regarding the application hearing on this question must be Westminster, Colorado; and must be received at the Reserve Bank accompanied by a statement of the Goldenbank, Applewood, Wheat Ridge, indicated or the offices of the Board of reasons a written presentation would Colorado. Governors not later than February 10, not suffice in lieu of a hearing, E. Federal Reserve Bank of Dallas 1995. identifying specifically any questions of (Genie D. Short, Vice President) 2200 A. Federal Reserve Bank of Chicago fact that are in dispute, summarizing the North Pearl Street, Dallas, Texas 75201- (James A. Bluemle, Vice President) 230 evidence that would be presented at a 2272: South LaSalle Street, Chicago, Illinois hearing, and indicating how the party 1. Cullen/Frost Bankers, Inc., San 60690: commenting would be aggrieved by Antonio, Texas; to merge with Valley 1. National Bancorp, Inc., approval of the proposal. Bancshares, Inc., McAllen, Texas, and Streamwood, Illinois; to engage de novo Unless otherwise noted, comments thereby indirectly acquire The Valley through its subsidiary National Bancorp regarding each of these applications National Bank, McAllen, Texas. Data System, Inc., Melrose Park, Illinois, must be received at the Reserve Bank Federal Register / Vol. 60, No. 18 / Friday, January 27, 1995 / Notices 5397 indicated for the application or the persons may express their views in approval, by the Commission, has been offices of the Board of Governors not writing to the Reserve Bank indicated placed on the public record for a period later than for the notice or to the offices of the of sixty (60) days. Public comment is A. Federal Reserve Bank of Board of Governors. Comments must be invited. Such comments or views will Minneapolis (James M. Lyon, Vice received not later than February 10, be considered by the Commission and President) 250 Marquette Avenue, 1995. will be available for inspection and Minneapolis, Minnesota 55480: A. Federal Reserve Bank of Atlanta copying at its principal office in 1. Norwest Corporation, Minneapolis, (Zane R. Kelley, Vice President) 104 accordance with Section 4.9(b)(6)(ii) of Minnesota; to acquire Stan-Shaw Marietta Street, N.W., Atlanta, Georgia the Commission’s Rules of Practice (16 Corporation, Anaheim Hills, California, 30303: CFR 4.9(b)(6)(ii). and thereby engage in acting as trustee 1. John William Staley, Nashville, In the Matter of DEL MONTE FOODS under deeds of trust, preparing and Tennessee; to retain 10.66 percent of the COMPANY, a corporation; DEL MONTE filing notices of default, reconveyances voting shares of First Pikeville CORPORATION, a corporation; and PACIFIC and related documents, pursuant to § COAST PRODUCERS, a corporation, File No. Bancshares, Inc., Pikeville, Tennessee, 921–0071. 225.25(b)(3) of the Board’s Regulation Y. and thereby retain shares of First 2. Norwest Corporation, Minneapolis, National Bank of Pikeville, Pikeville, Agreement Containing Consent Order Minnesota; to acquire Directors Tennessee. The Federal Trade Commission Mortgage Loan Corporation, Riverside, (‘‘Commission’’) having initiated an California, and thereby engage in (1) the Board of Governors of the Federal Reserve investigation of certain agreements origination, sale and servicing of System, January 23, 1995. entered into by Del Monte Corporation, residential single-family, first mortgage Jennifer J. Johnson, a wholly-owned subsidiary of Del loans, the retention, purchase and sale Deputy Secretary of the Board. Monte Foods Company (hereinafter of servicing rights associates with such [FR Doc. 95–2056 Filed 1–26–95; 8:45 am] collectively referred to as ‘‘Del Monte’’), mortgage loans, pursuant to § BILLING CODE 6210±01±F and Pacific Coast Producers (‘‘PCP’’), 225.25(b)(1) of the Board’s Regulation Y, and it now appearing that Del Monte and (2) the acquisition of 24.6 percent and PCP, hereinafter sometimes referred of Mission Savings and Loan FEDERAL TRADE COMMISSION to as ‘‘proposed respondents,’’ are Association, Riverside, California, [File No. 921±0071] willing to enter into an agreement pursuant to § 225.25(b)(9) of the Board’s containing an order (‘‘Agreement’’) to Regulation Y. Del Monte Foods Company, et al.; terminate such agreements between Del 3. Norwest Corporation, Minneapolis, Proposed Consent Agreement With Monte and PCP, to cease and desist from Minnesota; to acquire Directors Analysis to Aid Public Comment certain acts, and to provide for certain Insurance Service, Riverside, California, other relief, and thereby engage in (1) providing, as AGENCY: Federal Trade Commission. It is hereby agreed by and among agent for various insurance ACTION: Proposed consent agreement. proposed respondents, by their duly underwriters, a full line of home authorized officers and attorneys, and SUMMARY: mortgage insurance products, including In settlement of alleged counsel for the Federal Trade mortgage life, flood, and earthquake violations of federal law prohibiting Commission that: insurance, pursuant to section 4(c)(8)(G) unfair acts and practices and unfair 1. Proposed respondent Del Monte of the Bank Holding Company Act. methods of competition, this consent Corporation, a wholly-owned subsidiary Board of Governors of the Federal Reserve agreement, accepted subject to final of Del Monte Foods Company, is a System, January 23, 1995. Commission approval, would require, corporation organized, existing, and Jennifer J. Johnson, among other things, the California-based doing business under and by virtue of Deputy Secretary of the Board. corporations to obtain, for ten years, the laws of the State of New York, with Commission approval before acquiring [FR Doc. 95–2055 Filed 1–26–95; 8:45 am] its office and principal place of business any stock or assets of a United States BILLING CODE 6210±01±F located at One Market Plaza, San canned fruit manufacturer, and before Francisco, California 94119. entering into a variety of marketing, 2. Proposed respondent Del Monte John William Staley; Change in Bank packing, or other agreements with Foods Company is a corporation Control Notice competitors. organized, existing, and doing business DATES: Comments must be received on under and by virtue of the laws of the Acquisition of Shares of Banks or or before March 28, 1995. State of Maryland, with its office and Bank Holding Companies ADDRESSES: Comments should be principal place of business at One directed to: FTC/Office of the Secretary, Market Plaza, , California The notificant listed below has Room 159, 6th Street and Pennsylvania 94119. applied under the Change in Bank Avenue, NW., Washington, DC 20580. 3. Proposed respondent Pacific Coast Control Act (12 U.S.C. 1817(j)) and § Producers is a corporation organized, FOR FURTHER INFORMATION CONTACT: 225.41 of the Board’s Regulation Y (12 existing, and doing business under and Ronald Rowe, FTC/S–2105, CFR 225.41) to acquire a bank or bank by virtue of the laws of the State of Washington, DC 20580. (202) 326–2610. holding company. The factors that are California, with its office and principal considered in acting on notices are set SUPPLEMENTARY INFORMATION: Pursuant place of business at 631 N. Cluff forth in paragraph 7 of the Act (12 to Section 6(f) of the Federal Trade Avenue, Lodi, California 95240. U.S.C. 1817(j)(7)). Commission Act, 38 Stat. 721, 15 U.S.C. 4. Proposed respondents admit all the The notice is available for immediate 46 and Section 2.34 of the Commission’s jurisdictional facts set forth in the draft inspection at the Federal Reserve Bank Rules of Practice (16 CFR 2.34), notice of complaint. indicated. Once the notice has been is hereby given that the following 5. Proposed respondents waive: accepted for processing, it will also be consent agreement containing a consent a. any further procedural steps; available for inspection at the offices of order to cease and desist, having been b. the requirement that the the Board of Governors. Interested filed with and accepted, subject to final Commission’s decision contain a