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

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. Once the application has been accepted

for processing, it will also 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, including whether the acquisition of the nonbanking company can

``reasonably be expected to produce benefits to the public, such as

greater convenience, increased competition, or gains in efficiency,

that outweigh possible adverse effects, such as undue concentration of

resources, decreased or unfair competition, conflicts of interests, or

unsound banking practices'' (12 U.S.C. 1843). Any request for a

hearing must be accompanied by a statement of the reasons a written

presentation would not suffice in lieu of a hearing, identifying

specifically any questions of fact that are in dispute, summarizing the

evidence that would be presented at a hearing, and indicating how the

party commenting would be aggrieved by approval of the proposal. Unless

otherwise noted, nonbanking activities will be conducted throughout the

United States.

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 August 16, 1996.

A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice

President) 230 South LaSalle Street, Chicago, Illinois 60690:

1. First Midwest Financial, Inc., Storm Lake, Iowa; to become a

bank holding company by acquiring 100 percent of the voting shares of

Central West Bancorporation, Casey, Iowa, and thereby indirectly

acquire Security State Bank, Stuart, Iowa.

In connection with this application First Midwest Financial, Inc.,

also has applied to acquire First Federal Savings Bank of the Midwest,

Storm Lake, Iowa, and its subsidiaries, First Services Financial

Limited, Storm Lake, Iowa, Brookings Service Corporation, Brooking,

South Dakota, and First Midwest Financial, Inc., Storm Lake, Iowa, and

thereby engage in operating a savings association, pursuant to Sec.

225.25(b)(9) of the Board's Regulation Y, in trust activities, pursuant

to Sec. 225.25(b)(3) of the Board's Regulation Y, the sale of credit-

related insurance, pursuant to Sec. 225.25(b)(8)(i) of the Board's

Regulation Y, insurance agency activities in small towns, pursuant to

Sec. 225.25(b)(8)(iii) of the Board's Regulation Y, in securities

brokerage activities, pursuant to Sec. 225.25(b)(15) of the Board's

Regulation Y, investment advice, pursuant to Sec. 225.25(b)(4)(iii) of

the Board's Regulation Y, and in making and servicing loans, pursuant

to Sec. 225.25(b)(1) of the Board's Regulation Y.

B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice

President) 925 Grand Avenue, Kansas City, Missouri 64198:

1. DFC Acquisition Corporation Two, Kansas City, Missouri; to

acquire 58.18 percent of the voting shares of Air Academy National

Bancorp, Colorado Springs, Colorado, and thereby indirectly acquire Air

Academy National Bank, Colorado Springs, Colorado.

2. FirstBank Holding Company of Colorado Employee Stock Ownership

Plan, Lakewood, Colorado; and its subsidiary FirstBank Holding Company

of Colorado, Lakewood, Colorado, to acquire 100 percent of the voting

shares of FirstBank of Greeley, Greeley, Colorado.

3. Premier Bancorp, Inc., Denver, Colorado; to become a bank

holding company by acquiring 100 percent of the voting shares of

Premier Bank, Lenexa, Kansas.

Board of Governors of the Federal Reserve System, July 18, 1996.

Jennifer J. Johnson

Deputy Secretary of the Board

[FR Doc. 96-18778 Filed 7-23-96; 8:45 am]

BILLING CODE 6210-01-F