[Federal Register Volume 73, Number 56 (Friday, March 21, 2008)]
[Notices]
[Page 15160]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-5751]


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

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 applications 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 April 17, 2008.
    A. Federal Reserve Bank of Atlanta (David Tatum, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. Gateway Financial Holdings of Florida, Inc., Daytona Beach, 
Florida; to acquire 100 percent of the voting shares of Gateway Bank of 
Southwest Florida, Sarasota, Florida (in organization).
    B. Federal Reserve Bank of Minneapolis (Jacqueline G. King, 
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Frandsen Financial Corporation, Arden Hills, Minnesota; to 
acquire 99.85 percent of the voting shares of Anderson Financial Group, 
Inc., Wayzata, Minnesota, and thereby indirectly acquire voting shares 
of Northern National Bank, Nisswa, Minnesota.
    2. Frandsen Financial Corporation, Arden Hills, Minnesota; to 
acquire 100 percent of the voting shares of Tower Bancshares, Inc., 
Cloquet, Minnesota, and thereby indirectly acquire voting shares of 
State Bank of Tower, Tower, Minnesota.

    Board of Governors of the Federal Reserve System, March 18, 
2008.
Margaret McCloskey Shanks,
Associate Secretary of the Board.
[FR Doc. E8-5751 Filed 3-20-08; 8:45 am]
BILLING CODE 6210-01-S