[Federal Register Volume 77, Number 142 (Tuesday, July 24, 2012)]
[Notices]
[Page 43285]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-18032]


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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 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 August 17, 2012.
    A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Park Sterling Corporation, Charlotte, North Carolina; to acquire 
100 percent of the voting shares of Citizens South Banking Corporation, 
and indirectly acquire Citizens South Bank, both in Gastonia, North 
Carolina, and thereby engage in operating a federal savings bank, 
pursuant to section 225.28(b)(4)(ii).

    Board of Governors of the Federal Reserve System, July 19, 2012.
Michael J. Lewandowski,
Assistant Secretary of the Board.
[FR Doc. 2012-18032 Filed 7-23-12; 8:45 am]
BILLING CODE 6210-01-P