[Federal Register Volume 77, Number 237 (Monday, December 10, 2012)]
[Notices]
[Page 73467]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-29742]


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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 January 4, 2013.
    A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Live Oak Bancshares, Inc., Wilmington, North Carolina; to 
acquire 100 percent of the voting shares of Government Loan Solutions, 
Inc., Cleveland, Ohio, and engage in providing support services in 
connection with the settlement, accounting, and securitization 
processes for government guaranteed loans, including loans originated 
under the U.S. Small Business Administration loan programs and USDA 
loans; and thereby indirectly acquire 51percent of the voting shares of 
Secondary Market Access, LLC, Cleveland, Ohio, and thereby engage in 
activities related to extending credit and management consulting, 
pursuant to sections 225.28(b)(1); (b)(2) (b)(14), all of Regulation Y.

    Board of Governors of the Federal Reserve System, December 5, 
2012.
Robert deV. Frierson,
Secretary of the Board.
 [FR Doc. 2012-29742 Filed 12-7-12; 8:45 am]
BILLING CODE 6210-01-P