[Federal Register Volume 78, Number 99 (Wednesday, May 22, 2013)]
[Notices]
[Pages 30302-30303]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-12170]


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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 June 7, 2013.
    A. Federal Reserve Bank of Minneapolis (Jacqueline G. King, 
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Peoples State Bancorp, Inc., Munising, Michigan, proposes to 
acquire indirectly (through its wholly-owned subsidiary Peoples State 
Bank of Munising, Munising, Michigan), 50 percent of the voting equity 
of LDC Acquisition, LLC, Marquette, Michigan, which proposes to 
purchase all of the outstanding capital stock of Lasco Development 
Corporation, Marquette, Michigan, and thereby engage in data processing 
activities pursuant to section 225.28(b)(14) of Regulation Y.
    2. Northern Michigan Corporation, Escanaba, Michigan, proposes to 
indirectly acquire (through Northern Michigan Service Corporation, 
Escanaba, Michigan, a wholly-owned subsidiary of Northern Michigan Bank 
& Trust, Escanaba, Michigan, which is a wholly-owned subsidiary of 
notificant) 50 percent of the voting equity of LDC Acquisition, LLC, 
Marquette, Michigan, a Michigan limited liability company, which 
proposes to purchase all of the outstanding capital stock of Lasco 
Development Corporation, Marquette,

[[Page 30303]]

Michigan, and thereby engage in data processing pursuant to section 
225.28(b)(14)

    Board of Governors of the Federal Reserve System, May 17, 2013.
Michael J. Lewandowski,
Assistant Secretary of the Board.
[FR Doc. 2013-12170 Filed 5-21-13; 8:45 am]
BILLING CODE 6210-01-P