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Federal Register / Vol. 60, No. 227 / Monday, November 27, 1995 / Notices 58363

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Federal Register / Vol. 60, No. 227 / Monday, November 27, 1995 / Notices 58363 Federal Register / Vol. 60, No. 227 / Monday, November 27, 1995 / Notices 58363 Y (12 CFR 225.21(a)) to commence or to 2. Progressive Growth Corp., Gaylord, company or to acquire voting securities engage de novo, either directly or Minnesota; to engage de novo through of a bank or bank holding company. The through a subsidiary, in a nonbanking its subsidiary, Progressive Technologies, listed companies have also applied activity that is listed in § 225.25 of Inc., Gaylord Minnesota, in data under § 225.23(a)(2) of Regulation Y (12 Regulation Y as closely related to warehousing, computer network CFR 225.23(a)(2)) for the Board's banking and permissible for bank integration services, communications approval under section 4(c)(8) of the holding companies. Unless otherwise services related to the transmission of Bank Holding Company Act (12 U.S.C. noted, such activities will be conducted economic and financial data, database 1843(c)(8)) and § 225.21(a) of Regulation throughout the United States. management services, and other data Y (12 CFR 225.21(a)) to acquire or Each application is available for processing services, pursuant to § control voting securities or assets of a immediate inspection at the Federal 225.25(b)(7) of the Board's Regulation Y. company engaged in a nonbanking Reserve Bank indicated. Once the C. Federal Reserve Bank of Kansas activity that is listed in § 225.25 of application has been accepted for City (John E. Yorke, Senior Vice Regulation Y as closely related to processing, it will also be available for President) 925 Grand Avenue, Kansas banking and permissible for bank inspection at the offices of the Board of City, Missouri 64198: holding companies, or to engage in such Governors. Interested persons may 1. First Community Bancshares, Inc., an activity. Unless otherwise noted, express their views in writing on the Knob Noster, Missouri; to engage de these activities will be conducted question whether consummation of the novo through its subsidiary, First throughout the United States. proposal can ``reasonably be expected to Mortgage Co., Inc., Knob Noster, The applications are available for produce benefits to the public, such as Missouri, in the origination and immediate inspection at the Federal greater convenience, increased servicing of real estate mortgages and Reserve Bank indicated. Once the competition, or gains in efficiency, that resale of the same in the secondary application has been accepted for outweigh possible adverse effects, such market, pursuant to § 225.25(b)(1) of the processing, it will also be available for as undue concentration of resources, Board's Regulation Y. inspection at the offices of the Board of D. Federal Reserve Bank of San decreased or unfair competition, Governors. Interested persons may Francisco (Kenneth R. Binning, conflicts of interests, or unsound express their views in writing on the Director, Bank Holding Company) 101 banking practices.'' Any request for a question whether consummation of the Market Street, San Francisco, California hearing on this question must be proposal can ``reasonably be expected to 94105: accompanied by a statement of the 1. Neighborhood Bancorp, San Diego, produce benefits to the public, such as reasons a written presentation would California; to engage de novo through its greater convenience, increased not suffice in lieu of a hearing, subsidiary Neighborhood Capital competition, or gains in efficiency, that identifying specifically any questions of Advisors, San Diego, California, in outweigh possible adverse effects, such fact that are in dispute, summarizing the community development activities, as undue concentration of resources, evidence that would be presented at a pursuant to § 225.25(b)(6); and acting as decreased or unfair competition, hearing, and indicating how the party investment or financial advisor, conflicts of interests, or unsound commenting would be aggrieved by pursuant to § 225.25(b)(4) of the Board's banking practices.'' Any request for a approval of the proposal. Regulation Y. hearing on this question must be Unless otherwise noted, comments 2. Neighborhood Bancorp, San Diego, accompanied by a statement of the regarding the applications must be California; to engage de novo through its reasons a written presentation would received at the Reserve Bank indicated subsidiary Neighborhood Housing not suffice in lieu of a hearing, or the offices of the Board of Governors Development Corporation, San Diego, identifying specifically any questions of not later than December 11, 1995. California, in community development fact that are in dispute, summarizing the A. Federal Reserve Bank of Boston activities, pursuant to § 225.25(b)(6); evidence that would be presented at a (Robert M. Brady, Vice President) 600 making and servicing loans, pursuant to hearing, and indicating how the party Atlantic Avenue, Boston, Massachusetts § 225.25(b)(1), and providing consumer commenting would be aggrieved by 02106: financial counseling, pursuant to § approval of the proposal. 1. Banknorth Group, Inc., Burlington, 225.25(b)(20) of the Board's Regulation Unless otherwise noted, comments Vermont; to engage de novo through its Y. regarding each of these applications subsidiary, The Stratevest Group, must be received at the Reserve Bank Board of Governors of the Federal Reserve indicated or the offices of the Board of National Association, Burlington, System, November 20, 1995. Vermont, in trust company functions, Governors not later than December 21, Jennifer J. Johnson, pursuant to § 225.25(b)(3) of the Board's 1995. Regulation Y. Deputy Secretary of the Board. A. Federal Reserve Bank of Chicago B. Federal Reserve Bank of [FR Doc. 95±28823 Filed 11±24±95; 8:45 am] (James A. Bluemle, Vice President) 230 Minneapolis (James M. Lyon, Vice BILLING CODE 6210±01±F South LaSalle Street, Chicago, Illinois President) 250 Marquette Avenue, 60690: Minneapolis, Minnesota 55480: 1. Reliance Bancshares, Inc., Reliance Bancshares, Inc., et al.; Milwaukee, Wisconsin; to become a 1. Progressive Growth Corp., Gaylord, Formations of, Acquisitions by, and bank holding company by acquiring 100 Minnesota; to engage de novo through Mergers of Bank Holding Companies; percent of the voting shares of Reliance its subsidiary, Synectic Solutions, Inc., and Acquisitions of Nonbanking Savings Bank, Milwaukee, Wisconsin. Gaylord, Minnesota, in data Companies warehousing, computer network In connection with this application, integration services, communications The companies listed in this notice Applicant also has applied to engage de services related to the transmission of have applied under § 225.14 of the novo in making and servicing loans, economic and financial data, database Board's Regulation Y (12 CFR 225.14) pursuant to § 225.25(b)(1) of the Board's management services, and other data for the Board's approval under section Regulation Y. processing services, pursuant to § 3 of the Bank Holding Company Act (12 B. Federal Reserve Bank of 225.25(b)(7) of the Board's Regulation Y. U.S.C. 1842) to become a bank holding Minneapolis (James M. Lyon, Vice 58364 Federal Register / Vol. 60, No. 227 / Monday, November 27, 1995 / Notices President) 250 Marquette Avenue, National Westminster Prima Limited, et York, and thereby engage in securities Minneapolis, Minnesota 55480: al.; Acquisitions of Companies activities, including securities brokerage 1. First Bank System, Inc., Engaged in Permissible Nonbanking and financial and investment advisory Minneapolis, Minnesota; to acquire, Activities activities, both separately and on a combined basis, for institutional through its wholly owned subsidiary, The organizations listed in this notice customers, pursuant to § 225.25(b)(15) Eleven Acquisition Corp., Minneapolis, have applied under § 225.23(a)(2) or (f) of the Board's Regulation Y and Board Minnesota, 100 percent of the voting of the Board's Regulation Y (12 CFR Order (72 Fed. Res. Bull. 584 (1986)); shares of First Interstate Bancorp, Los 225.23(a)(2) or (f)) for the Board's NatWest International Securities Inc., Angeles, California, and thereby approval under section 4(c)(8) of the New York, New York, and thereby indirectly acquire First Interstate Bank Bank Holding Company Act (12 U.S.C. engage in securities brokerage activities, of California, Los Angeles, California, 1843(c)(8)) and § 225.21(a) of Regulation pursuant to § 225.25(b)(15) of the First Interstate Bank of Montana, Y (12 CFR 225.21(a)) to acquire or Board's Regulation Y; Westminster National Association, Kalispell, control voting securities or assets of a Research Associates Inc., New York, Montana, First Interstate Bank, Ltd., Los company engaged in a nonbanking New York, and thereby engage in certain Angeles, California, First Interstate Bank activity that is listed in § 225.25 of securities brokerage activities, pursuant of Englewood, National Association, Regulation Y as closely related to to § 225.25(b)(15) of the Board's Englewood, Colorado, First Interstate banking and permissible for bank Regulation Y; NatWest Investment Bank of Alaska, National Association, holding companies. Unless otherwise Management, Inc., Boston, noted, such activities will be conducted Anchorage, Alaska, First Interstate Bank Massachusetts, and thereby engage in throughout the United States. of Arizona, National Association, investment advisory activities, pursuant Each application is available for to § 225.25(b)(4) and § 225.25(b)(19) of Phoenix, Arizona, First Interstate Bank immediate inspection at the Federal of Denver,
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