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

Federal Register, Volume 78 Issue 99 (Wednesday, May 22, 2013)

Federal Register Volume 78, Number 99 (Wednesday, May 22, 2013)

Notices

Pages 30302-30303

From the Federal Register Online via the Government Printing 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.

1. 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