[Federal Register Volume 73, Number 222 (Monday, November 17, 2008)]
[Notices]
[Page 67870]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-27183]


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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 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 December 12, 2008.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Cornerstone Financial Corporation, to become a bank holding 
company by acquiring 100 percent of the voting shares of Cornerstone 
Bank, both of Mount Laurel, New Jersey.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Hampton Roads Bankshares, Inc., Norfolk, Virginia, to acquire 
100 percent of the voting shares of Gateway Financial Holdings, Inc., 
Virginia Beach, Virginia, and thereby indirectly acquire Gateway Bank 
and Trust Co., Elizabeth City, North Carolina.
    C. Federal Reserve Bank of Atlanta (Steve Foley, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. BancTenn Corp., Kingsport Tennessee, to acquire up to 20 percent 
of the voting shares of Paragon Commercial Corporation, and thereby 
indirectly acquire voting shares of Paragon Commercial Bank, both of 
Raleigh, North Carolina.
    D. Federal Reserve Bank of Kansas City (Todd Offenbacker, Assistant 
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
    1. FSB Investments, LLC, Oklahoma City, Oklahoma, to become a bank 
holding company by acquiring up to 100 percent of the voting shares of 
MidWest Community Financial Corporation, Midwest City, Oklahoma, and 
thereby indirectly acquire The First State Bank, Canute, Oklahoma.

    Board of Governors of the Federal Reserve System, November 12, 
2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8-27183 Filed 11-14-08; 8:45 am]
BILLING CODE 6210-01-S