[Federal Register Volume 60, Number 122 (Monday, June 26, 1995)] [Notices] [Pages 32963-32964] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 95-15519] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Intervest Bancshares Corporation, et al.; Notice of Applications to Engage de novo in Permissible Nonbanking Activities The companies listed in this notice have 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 [[Page 32964]] 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. Each 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. Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than July 10, 1995. A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303: 1. Intervest Bancshares Corporation, New York, New York; to engage de novo through its subsidiary, Intervest Bancshares Corporation, New York, New York, in making, acquiring, participating in and/or servicing loans sercured by mortgages on real estate for Applicant's account or the account of others, pursuant to Sec. 225.25(b)(1) of of the Board's Regulation Y. B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice President) 230 South LaSalle Street, Chicago, Illinois 60690: 1. First Business Bancshares, Inc., Madison, Wisconsin; to engage de novo through its subsidiary, First Madison Capital Corp., Madison, Wisconsin, in commercial finance lending, pursuant to Sec. 225.25(b)(1)(iv) of the Board's Regulation Y; and leasing of personal property, pursuant to Sec. 225.25(b)(5) of The Board's Regulation Y. The proposed activity will be conducted throughout the state of Wisconsin. 2. GNB Bancorporation, Grundy Center, Iowa; to engage de novo through its subsidiary, GNB Financial Co., Grundy Center, Iowa, in leasing activities, pursuant to Sec. 225.25(b)(5) of the Board's Regulation Y. Board of Governors of the Federal Reserve System, June 20, 1995. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 95-15519 Filed 6-23-95; 8:45 am] BILLING CODE 6210-01-F