[Federal Register Volume 65, Number 195 (Friday, October 6, 2000)]
[Notices]
[Pages 59845-59846]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-25771]


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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, including the 
companies listed below, 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

[[Page 59846]]

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. Additional information on all bank holding companies 
may be obtained from the National Information Center website at 
www.ffiec.gov/nic/.
    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 November 3, 2000.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President), 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. FNB Corporation, Christiansburg, Virginia; to acquire SWVA 
Bancshares, Inc., Roanoke, Virginia, and thereby indirectly acquire 
Southwest Virginia Savings Bank, FSB, Roanoke, Virginia, and thereby 
engage in operating a savings association, pursuant to Sec. 225.28 
(b)(4)(ii) of Regulation Y, and Southwest Virginia Service Corporation, 
Inc., Roanoke, Virginia, and thereby engage in acting as an agent in 
the sale of credit related insurance, pursuant to Sec. 225.28(b)(11)(i) 
of Regulation Y.

    Board of Governors of the Federal Reserve System, October 3, 
2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-25771 Filed 10-5-00; 8:45 am]
BILLING CODE 6210-01-P