Full text of H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received : May 12, 1962

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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
For the week ended May 12, 1962
K.2
No. 17

APPLICATIONS TO MERGE BANKS OR TO FORM OR EXPAND A BANK
FOLDING COMPANY RECEIVED BY OR ACTED ON BY THE BOARD

District

Date
To Merge Pursuant to Section 18(c)
of the Federal Deposit Insurance Act
Approved
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Thp People1s Savings and Trust Company, Hazleton,
Pennsylvania, for prior consent to purchase the
'assets and assume the liabilities of First National
Bank in Freeland, Freeland, Pennsylvania, under the
charter and title of The People's Savings and Trust
Company.

3

5-10-62

To Form a Bank Holding Company Pursuant to Section 3(a)(1)
of the Bank Holding Company Act of 1956
Received
10

5

Trans-Nebraska Co., Lincoln, Nebraska, for prior approval
to become a bank holding company by acquiring 50 per
cent or more of the voting shares of The Martell State
Bank, MartellNebraska; The Sioux National Bank of
Harrison, Harrison, Nebraska; and Crawford State Bank,
Crawford, Nebraska.

5- 7-62

Virginia Commonwealth Corporation, Richmond, Virginia,
for prior approval to become a.bank holding company
by acquiring 50 per cent or more of the voting shares
of The Bank of Virginia, Richmond, Virginia; The Bank
of Henrico, Sandston, Virginia; The Bank of Salem,
Salem, Virginia; The Bank of Occoquan, Occoquan,
Virginia; and Bank of Warwick, Newport News, Virginia,

5- 7-62

To Expand a Bank Holding Company Pursuant to Section 3(a)(2)
of the Bank Holding; Company Act of 1956
None

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