[Federal Register Volume 72, Number 241 (Monday, December 17, 2007)]
[Notices]
[Pages 71411-71412]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-24314]


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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 website 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 January 11, 2008.
    A. Federal Reserve Bank of Atlanta (David Tatum, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. Independent Bancshares, Inc. Employee Stock Ownership Plan; to 
acquire 26.12 percent of the voting shares of Independent Bancshares, 
Inc., and thereby indirectly acquire voting shares of Community Spirit 
Bank, all of Red Bay, Alabama, and Spirit Bancshares, Inc., and Spirit 
Bank, both of Belmont, Mississippi.
    B. Federal Reserve Bank of St. Louis (Glenda Wilson, Community 
Affairs Officer) 411 Locust Street, St. Louis, Missouri 63166-2034:
    1. Carroll Financial Services, Inc., Huntingdon, Tennessee; to 
acquire 100

[[Page 71412]]

percent of the voting shares of Bradford Bancshares, Inc., and thereby 
indirectly acquire voting shares of The Bank of Bradford, both of 
Bradford, Tennessee.
    2. First Banks, Inc., St. Louis, Missouri; to acquire an additional 
1.21 percent, for a total of 24.99 percent, of the voting shares of 
Community West Bancshares, and thereby indirectly acquire additional 
voting shares of Community West Bank, National Association, both of 
Goleta, California.
    C. Federal Reserve Bank of Kansas City (Todd Offenbacker, Assistant 
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
    1. Central Financial Corporation, Hutchinson, Kansas; to retain 
6.04 percent of the voting shares of Valley Capital Bank, N.A., Mesa, 
Arizona.

    Board of Governors of the Federal Reserve System, December 12, 
2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7-24314 Filed 12-14-07; 8:45 am]
BILLING CODE 6210-01-S