[Federal Register Volume 83, Number 41 (Thursday, March 1, 2018)]
[Notices]
[Page 8870]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-04110]


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

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 March 23, 2018.
    A. Federal Reserve Bank of Minneapolis (Mark A. Rauzi, Vice 
President, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, 
Minnesota 55480-0291:
    1. Mackinac Financial Corporation, Manistique, Michigan, and its 
wholly owned subsidiary, MFNC Acquisition, LLC, Manistique, Michigan; 
to acquire 100 percent of the voting shares of First Federal of 
Northern Michigan Bancorp, Inc., Alpena, Michigan, and thereby 
indirectly acquire First Federal of Northern Michigan, Alpena, 
Michigan, and thereby engage in operation of a savings association 
pursuant to section 225.28(b)(4)(ii) of Regulation Y.

    Board of Governors of the Federal Reserve System, February 23, 
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-04110 Filed 2-28-18; 8:45 am]
BILLING CODE P