[Federal Register Volume 60, Number 56 (Thursday, March 23, 1995)] [Notices] [Page 15292] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 95-7116] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Community Bancshares, Inc. Employee Stock Ownership Plan; Notice of Application to Engage de novo in Permissible Nonbanking Activities The company listed in this notice has filed an application under Sec. 225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1)) for the Board's approval under section 4(c)(8) of the Bank Holding Company Act (12 U.S.C. 1843(c)(8)) and Sec. 225.21(a) of Regulation Y (12 CFR 225.21(a)) to commence or to engage de novo, either directly or through a subsidiary, in a nonbanking activity that is listed in Sec. 225.25 of Regulation Y as closely related to banking and permissible for bank holding companies. Unless otherwise noted, such activities will be conducted throughout the United States. The application is 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 question whether consummation of the proposal 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.'' Any request for a hearing on this question 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. Comments regarding the application must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than April 6, 1995. A. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice President) 925 Grand Avenue, Kansas City, Missouri 64198: 1. Community Bancshares, Inc. Employee Stock Ownership Plan, Neosho, Missouri; to engage de novo through Community Bancshares, Inc., Neosho, Missouri, in operating Community Bank, Fayetteville, Arkansas, a de novo savings association, pursuant to Sec. 225.25(b)(9) of the Board's Regulation Y. Board of Governors of the Federal Reserve System, March 17, 1995. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 95-7116 Filed 3-22-95; 8:45 am] BILLING CODE 6210-01-F