North Hills Bank v. Board of Governors of the Federal Reserve System

VOGEL, Senior Circuit Judge.

In this case we are asked to review an order of the Board of Governors of the Federal Reserve System (Board) which approved the acquisition of Mercantile National Bank of Clay County (Bank), a newly chartered national banking institution, by Mercantile Bancorporation, Inc. (Mercantile), a registered bank holding company.

On October 11, 1973, Mercantile Ban-corporation, Inc., applied to the Board pursuant to § 3(a)(3) of the Bank Holding Company Act of 1956,1 as amended, *624for prior approval of the proposed acquisition of 100% of the voting shares (less directors…