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Formations of, Acquisitions by, and Mergers of Bank Holding Companies

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The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below.

The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained from the National Information Center Web site at​nic/​.

Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than March 17, 2006.

A. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30303:

1. Security Bank Corporation, Macon, Georgia; to merge with Neighbors Bancshares, Inc., and thereby indirectly acquire Neighbors Bank, both of Alpharetta, Georgia.

B. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) 411 Locust Street, St. Louis, Missouri 63166-2034:

1. American Founders Bancorp, Inc., Frankfort, Kentucky; to become a bank holding company by acquiring 100 percent of the voting shares of American Founders Bank, Inc., Frankfort, Kentucky. American Founders Bancorp, Inc., also proposes to acquire 100 percent of the voting shares of First Security Bancorp, Inc., Lexington, Kentucky, and thereby indirectly acquire First Security Bank of Lexington, Inc., Lexington, Kentucky.

In connection with this application, Applicant also has applied to acquire 50 percent of the voting shares of Peoples Secure, LLC, Lexington, Kentucky, and thereby indirectly engage in data processing activities, pursuant to section 225.28(b)(14)(i) of Regulation Y.

C. Federal Reserve Bank of Minneapolis (Jacqueline G. King, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:

1. Westbrand, Inc., Minot, North Dakota; to acquire 100 percent of the voting shares of First Western Bank, Eden Prairie, Minnesota, a de novo bank.

D. Federal Reserve Bank of Kansas City (Donna J. Ward, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:

1. KansasLand Bancshares, Inc., Quinter, Kansas; to become a bank holding company by acquiring 87 percent of the voting shares of Flint Hills Financial Services Corporation, and thereby indirectly acquire Americus State Bank (to be known as KansasLand Bank), both of Americus, Kansas.

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Board of Governors of the Federal Reserve System, February 16, 2006.

Robert deV. Frierson,

Deputy Secretary of the Board.

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[FR Doc. E6-2458 Filed 2-21-06; 8:45 am]