[Federal Register Volume 75, Number 118 (Monday, June 21, 2010)]
[Notices]
[Page 35030]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-14885]


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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 July 16, 2010.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. CapGen Capital Group V LLC and CapGen Capital Group V LP, both 
of New York, New York; to become bank holding companies through the 
acquisition of up to 49.9 percent of the voting securities of Palmetto 
Bancshares,Inc., Greenville, South Carolina, and indirectly acquire The 
Palmetto Bank, Greenville, South Carolina.
    B. Federal Reserve Bank of Atlanta (Clifford Stanford, Vice 
President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309:
    1. BancTenn Corp., Kingsport Tennessee; to acquire up to 20 percent 
of the outstanding shares of Paragon Commercial Corporation, and its 
subsidiary, Paragon Commercial Bank, both of Raleigh, North Carolina.

    Board of Governors of the Federal Reserve System, June 16, 2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2010-14885 Filed 6-18-10; 8:45 am]
BILLING CODE 6210-01-S