[Federal Register Volume 72, Number 29 (Tuesday, February 13, 2007)]
[Notices]
[Page 6727]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-2444]


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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 http://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 28, 2007.
    A. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. Appalachian Bancshares, Inc., Ellijay, Georgia; to acquire 
Appalachian Community Bank, F.S.B., McCaysville, Georgia, and thereby 
engage in operating a savings association, pursuant to section 
225.28(b)(4)(ii) of Regulation Y. Comments regarding this application 
must be received by March 9, 2007.
    2. Coastal Community Investments, Inc., Panama City Beach, Florida; 
to acquire 100 percent of the voting shares of Bayside Financial 
Corporation, and thereby indirectly acquire Bayside Savings Bank, both 
of Port St. Joe, Florida, and engage in operating a savings 
association, pursuant to section 225.28(b)(4)(ii) of Regulation Y. 
Comments regarding this application must be received by March 9, 2007.
    B. Federal Reserve Bank of Minneapolis (Jacqueline G. King, 
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. State Bankshares Inc., Fargo, North Dakota; to acquire 100 
percent of the voting shares of Passport Benefit Solutions, L.L.C., 
Minnetonka, Minnesota, and thereby engage in employee benefits 
consulting services and related data processing, pursuant to sections 
225.28(b)(9)(ii) and 225.28(b)(14)(i) of Regulation Y.

    Board of Governors of the Federal Reserve System, February 8, 
2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-2444 Filed 2-12-07; 8:45 am]
BILLING CODE 6210-01-S