[Federal Register Volume 72, Number 18 (Monday, January 29, 2007)]
[Notices]
[Page 4009]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-1331]



[[Page 4009]]

-----------------------------------------------------------------------

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 February 23, 2007.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. BB&T Corporation Winston-Salem, North Carolina; to acquire 100 
percent of the voting securities of Coastal Financial Corporation, 
Myrtle Beach, South Carolina, and thereby indirectly acquire Coastal 
Federal Bank, Myrtle Beach, South Carolina, and engage in operating a 
savings association, pursuant to section 225.28(b)(4)(ii) of Regulation 
Y; Coastal Planners Holding Corporation, Myrtle Beach, South Carolina, 
and thereby indirectly acquire Coastal Retirement, Estate & Tax 
Planners, Inc., Myrtle Beach, South Carolina, and engage in financial 
planning and tax preparation activities, pursuant to section 225.28 
(b)(6)(vi) of Regulation Y; and Coastal Federal Holding Corporation, 
Wilmington, Delaware, and thereby indirectly acquire Coastal Real 
Estate Investment Corporation, Sunset Beach, North Carolina, and engage 
in acquiring and servicing loan activities, pursuant to section 225.28 
(b)(1)of Regulation Y.

    Board of Governors of the Federal Reserve System, January 24, 
2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc.E7-1331 Filed 1-26-07; 8:45 am]
BILLING CODE 6210-01-S