2011-3213. Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).

The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than March 2, 2011.

A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:

1. D. Vaughn Gangwish, Albuquerque, New Mexico and Karin Walsh, Shelton, Nebraska, in an individual capacity; and Lois Gangwish, Shelton, Nebraska, as a member of the family group acting in concert, to retain and acquire shares of Shelton Enterprises, Inc., parent of First State Bank of Shelton, both in Shelton, Nebraska.

Board of Governors of the Federal Reserve System, February 9, 2011.

Robert deV. Frierson,

Deputy Secretary of the Board.