[Federal Register Volume 68, Number 128 (Thursday, July 3, 2003)]
[Notices]
[Page 39952]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-16836]


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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 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 July 28, 2003.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166-2034:
    1. Arvest Bank Group, Inc., Bentonville, Arkansas; to acquire 
Superior Financial Corp., Little Rock, Arkansas, and thereby indirectly 
acquire Superior Bank, Fort Smith, Arkansas, and thereby engage in 
operating a savings association, pursuant to section 225.28(b)(4)(ii) 
of Regulation Y. Applicant also has applied to engage in operating a 
consumer finance company through Superior Finance Company, Fort Smith, 
Arkansas; in discount brokerage and investment advisory services 
through Superior Financial Services, Inc., Fort Smith, Arkansas; acting 
as a general insurance agency or broker to sell all lines of insurance 
or insurance related products in a town of less than 5,000 in 
population through Superior Insurance Service, Inc., Paris, Arkansas; 
and sell consumer credit life and disability insurance to consumer 
borrowers of the savings association through Southwest Protective Life 
Insurance Company, Fort Smith, Arkansas, pursuant to sections 225.28 
(b)(1), (b)(7)(i), (b)(11)(i), and (b)(11)(iii)(A) of Regulation Y.

    Board of Governors of the Federal Reserve System, June 27, 2003.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc.03-16836 Filed 7-2-03; 8:45 am]
BILLING CODE 6210-01-S