[Federal Register Volume 69, Number 164 (Wednesday, August 25, 2004)]
[Notices]
[Pages 52269-52270]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-19405]


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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. [thinsp]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 September 8, 2004.
    A. Federal Reserve Bank of New York (Jay Bernstein, Bank 
Supervision Officer) 33 Liberty Street, New York, New York 10045-0001:
    1. Arrow Financial Corporation, Glens Falls, New York; to acquire 
100 percent of the voting shares of Capital Financial Group, Inc., 
South Glens Falls, New York, and thereby engage in insurance agency 
activities in a town of less than 5,000 in population, pursuant to 
section 225.28(b)(11)(iii)(A) of Regulation Y.
    B. Federal Reserve Bank of Atlanta (Sue Costello, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30303:
    Jones Bancshares, L.P., Waycross, Georgia, and PrimeSouth 
Bancshares, Inc., Blackshear, Georgia (also known as

[[Page 52270]]

PrimeSouth Mortgage Company, Jessup, Georgia); to engage in making, 
acquiring, servicing loans, or other extensions of credit, pursuant to 
section 225.28(b)(1) of Regulation Y.

    Board of Governors of the Federal Reserve System, August 19, 
2004.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 04-19405 Filed 8-24-04; 8:45 am]
BILLING CODE 6210-01-S