[Federal Register Volume 72, Number 155 (Monday, August 13, 2007)]
[Notices]
[Pages 45246-45247]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-15697]


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FEDERAL RESERVE SYSTEM


Formations of, Acquisitions by, and Mergers of Bank Holding 
Companies

    The companies listed in this notice have applied to the Board for 
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 
1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other 
applicable statutes and regulations to become a bank holding company 
and/or to acquire the assets or the ownership of, control of, or the 
power to vote shares of a bank or bank holding company and all of the 
banks and nonbanking companies owned by the bank holding company, 
including the companies listed below.
    The applications listed below, as well as other related filings 
required by the Board, are available for immediate inspection at the 
Federal Reserve Bank indicated. The application also will be available 
for inspection at the offices of the Board of Governors. Interested 
persons may express their views in writing on the standards enumerated 
in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the 
acquisition of a nonbanking company, the review also includes whether 
the acquisition of the nonbanking company complies with the standards 
in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, 
nonbanking activities will be conducted throughout the United States. 
Additional information on all bank holding companies may be obtained 
from the National Information Center Web site at www.ffiec.gov/nic/.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than September 6, 2007.
    A. Federal Reserve Bank of Atlanta (David Tatum, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. BancTenn Corporation, Kingsport, Tennessee; to acquire 20 
percent of the voting shares of Paragon Commercial Corporation, and 
thereby acquire voting shares of Paragon Commercial Bank, both of 
Raleigh, North Carolina.

[[Page 45247]]

    B. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Level One Bancorp, Inc.; to become a bank holding company by 
acquiring 100 percent of the voting shares of Level One Bank (in 
organization), both of Farmington Hills, Michigan.
    2. Metropolitan Bank Group, Inc., and Plaza Bancorp, Inc., both of 
Chicago, Illinois; to acquire 100 percent of the voting shares of 
Poplar Creek Community Bank (in organization), Rolling Meadows, 
Illinois.
    C. Federal Reserve Bank of Kansas City (Todd Offenbacker, Assistant 
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
    1. Peoples Bancshares, Inc. (``Peoples Bancshares''), Colorado 
Springs, Colorado; to become a bank holding company by acquiring 100 
percent of the voting shares of Peoples National Bank Colorado, 
Colorado Springs, Colorado, and Peoples National Bank Monument, 
Monument, Colorado. Peoples Bancshares will also thereby indirectly 
acquire Peoples National Bank Interim, Leadville, Colorado. Peoples 
Bancshares, Inc. will be a direct subsidiary of Peoples Inc., Colorado 
Springs, Colorado, and an indirect subsidiary of Winter Trust of 12/3/
74 (``Winter Trust''), Ottawa, Kansas. Subsequently, Winter Trust will 
acquire 100 percent of the voting shares of Peoples Bancshares.

    Board of Governors of the Federal Reserve System, August 7, 
2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-15697 Filed 8-10-07; 8:45 am]
BILLING CODE 6210-01-S