[Federal Register Volume 62, Number 142 (Thursday, July 24, 1997)]
[Notices]
[Page 39844]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19435]



FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in Permissible Nonbanking 
Activities or To Acquire Companies That are Engaged in Permissible 
Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation      Y, (12 CFR Part 225) to engage de novo, or to acquire 
or control voting securities or assets of a company that engages either 
directly or through a subsidiary or other company, in a nonbanking 
activity that is listed in Sec.  225.28 of Regulation Y (12 CFR 225.28) 
or that the Board has determined by Order to be closely related to 
banking and permissible for bank holding companies. Unless otherwise 
noted, these activities will be conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. The notice also will be available for inspection at the 
offices of the Board of Governors. Interested persons may express their 
views in writing on the question whether the proposal complies with the 
standards of section 4 of the BHC Act.
    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 August 7, 1997.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. BB&T Corporation, Winston-Salem, North Carolina; to acquire 
Virginia First Financial Corporation, Petersburg, Virginia, and thereby 
indirectly acquire Virginia First Savings Bank, F.S.B., Petersburg, 
Virginia, and thereby engage in mortgage banking, and operating a 
savings and loan association, pursuant to Secs.  225.28(b)(1) and (4) 
of the Board's Regulation Y. Comments on this application must be 
received by August 18, 1997.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. First National Bancshares, Inc., East Lansing, Michigan; to 
engage de novo through its subsidiary, Finance Company of North 
America, LLC, East Lansing, Michigan, in making and servicing loans, 
pursuant to Sec.  225.28(b)(1) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, July 18, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-19435 Filed 7-23-97; 8:45 am]
BILLING CODE 6210-01-F