[Federal Register: November 15, 2002 (Volume 67, Number 221)]
[Notices]               
[Page 69223]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15no02-54]                         

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FEDERAL RESERVE SYSTEM

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

    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 www.ffiec.gov/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 December 9, 2002.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. M&T Bank Corporation, Buffalo, New York; to merge with Allfirst 
Financial Inc., Baltimore, Maryland, and thereby indirectly acquire 
voting shares of Allfirst Financial Center National Association, 
Millsboro, Delaware, and Allfirst Bank, Baltimore, Maryland.
    In connection with this application, Applicant also has applied to 
acquire Allfirst Leasing Corporation, Baltimore, Maryland; Allfirst 
Mortgage Corporation, Baltimore, Maryland; Allfirst Life Insurance 
Corporation, Phoenix, Arizona; Williams, Daniels & Associates, Inc., 
Baltimore, Maryland; Zirkin-Cutler Investments, Inc., Bethesda, 
Maryland, and Loans USA, Inc., Pasadena, Maryland, and thereby engage 
in certain nonbanking activities including insurance, leasing 
insurance, financial and investment advisement, data processing and the 
extension of credit, pursuant to Sec. Sec.  225.28(b)(1), (b)(3), 
(b)(6), (b)(11), and (b)(14) of Regulation Y.
    2. Allied Irish Banks, P.L.C., Dublin, Ireland; to acquire up to 25 
percent of the voting shares of M&T Bank Corporation, Buffalo, New 
York, and thereby will control indirectly shares of Manufacturers and 
Traders Trust Company, Buffalo, New York.
    In connection with this application, Applicant also has applied to 
acquire Keystone Financial Life Insurance Company, Phoenix, Arizona, 
and thereby indirectly acquire Martindale Andres & Company, LLC, West 
Conshohocken, Pennsylvania, and engage in certain nonbanking activities 
including insurance, and investment services, pursuant to Sec. Sec.  
225.28(b)(6) and (b)(11) of Regulation Y.
    Applicant currently owns Allfirst Financial Inc., with has applied 
to merge with M&T Bank Corporation. After the merger, Applicant also 
indirectly would own an interest in all of Allfirst's current 
subsidiaries including, Allfirst Financial Center, N.A., Misllsboro, 
Delawre.
    B. Federal Reserve Bank of Atlanta (Sue Costello, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30303:
    1. Synovus Financial Corp., Columbus, Georgia; to merge with FNB 
Newton Bankshares, Inc., Covington, Georgia, and thereby indirectly 
acquire voting shares of First Nation Bank, Covington, Georgia.

    Board of Governors of the Federal Reserve System, November 8, 
2002.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 02-28945 Filed 11-14-02; 8:45 am]

BILLING CODE 6210-01-S