[Federal Register Volume 73, Number 230 (Friday, November 28, 2008)]
[Notices]
[Page 72483]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-28250]


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

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 22, 2008.
    A. Federal Reserve Bank of Atlanta (Steve Foley, Vice President) 
1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. Independent Bancshares, Inc. Employee Stock Ownership Plan, Red 
Bay, Alabama, to acquire 26.46 percent of the voting shares of 
Independent Bancshares, Inc., and thereby indirectly acquire voting 
shares of Community Spirit Bank, both of Red Bay, Alabama, and Spirit 
Bancshares, Inc., and Spirit Bank, both of Belmont, Mississippi.
    B. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Grant County State Bancshares, Inc. Employee Stock Ownership 
Plan, Swayzee, Indiana, to increase its ownership to 41.6 percent of 
the voting shares of Grant County State Banschares, Inc., and thereby 
indirectly increase its ownership of Grant County State Bank, both of 
Swayzee, Indiana.

    Board of Governors of the Federal Reserve System, November 24, 
2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc.E8-28250 Filed 11-26-08; 8:45 am]
BILLING CODE 6210-01-S