Banks and bank holding companies: Permissible nonbanking activities,

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Federal Register: December 13, 2007 (Volume 72, Number 239)NoticesPage 70863From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr13de07-57

FEDERAL RESERVE SYSTEM

Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are 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. Additional information on all bank holding companies may be obtained from the National Information Center website at http://www.ffiec.gov/nic/.

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 January 7, 2008.

A. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:

1. Black River BancVenture, Inc., Memphis, Tennessee; to acquire 6 percent of the voting shares of SFB Bancorp, Inc., and thereby indirectly acquire voting shares of Security Federal Bank, both of Elizabethton, Tennessee, and thereby engage in operating a savings association, pursuant to section 225.28(b)(4)(ii) of Regulation Y.

2. Black River BancVenture, Inc., Memphis, Tennessee; to acquire 9.9 percent of the voting shares of Quaint Oak Bancorp, and thereby indirectly acquire Quaint Oak Savings Bank, both of Southampton, Pennsylvania, and thereby engage in operating a savings association, pursuant to section 225.28(b)(4)(ii) of Regulation Y.

Board of Governors of the Federal Reserve System, December 10, 2007. Robert deV. Frierson, Deputy Secretary of the Board.

FR Doc. E7-24139 Filed 12-12-07; 8:45 amBILLING CODE 6210-01-S

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