[Federal Register Volume 77, Number 28 (Friday, February 10, 2012)]
[Notices]
[Pages 7163-7164]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-3130]


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FEDERAL RESERVE SYSTEM


Notice of Proposals to Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12

[[Page 7164]]

CFR part 225) to engage de novo, or to acquire or control voting 
securities or assets of a company, including the companies listed 
below, that engages either directly or through a subsidiary or other 
company, in a nonbanking activity that is listed in Sec.  225.28 of 
Regulation Y (12 CFR 225.28) or that the Board has determined by Order 
to be closely related to banking and permissible for bank holding 
companies. Unless otherwise noted, these activities will be conducted 
throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. The notice also will be available for inspection at the 
offices of the Board of Governors. Interested persons may express their 
views in writing on the question whether the proposal complies with the 
standards of section 4 of the BHC Act.
    Unless otherwise noted, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than February 27, 2012.
    A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Live Oak Bancshares, Inc., Wilmington, North Carolina; to engage 
de novo through its subsidiary, BANKR, LLC, Wilmington, North Carolina, 
in data processing activities, pursuant to section 225.28(b)(14)(i) of 
Regulation Y.
    B. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Waytru Bancorp, Cambridge City, Indiana; to continue to engage 
in extending credit and servicing loans, pursuant to section 
225.28(b)(1) of Regulation Y.

    Dated: Board of Governors of the Federal Reserve System, 
February 7, 2012.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2012-3130 Filed 2-9-12; 8:45 am]
BILLING CODE 6210-01-P