[Federal Register Volume 63, Number 145 (Wednesday, July 29, 1998)] [Notices] [Page 40529] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-20270] ----------------------------------------------------------------------- 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. 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 August 13, 1998. A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528: 1. First Charter Corporation, Concord, North Carolina; to acquire HFNC Financial Corp., Charlotte, North Carolina, and thereby indirectly acquire Home Federal Savings and Loan Association, Charlotte, North Carolina, and thereby engage in operating a savings and loan association, pursuant to Sec. 225.28(b)(4)(ii) of Regulation Y. Board of Governors of the Federal Reserve System, July 24, 1998. Robert deV. Frierson, Associate Secretary of the Board. [FR Doc. 98-20270 Filed 07-28-98; 8:45 am] BILLING CODE 6210-01-F