01-9912. Formations of, Acquisitions by, and Mergers of Bank Holding Companies

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 website at www.ffiec.gov/​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 May 17, 2001.

A. Federal Reserve Bank of Atlanta (Cynthia C. Goodwin, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:

1. GB&T Bancshares, Inc., Gainesville, Georgia; to merge with Community Trust Financial Services Corporation, Hiram, Georgia, and thereby indirectly acquire Community Trust Bank, Hiram, Georgia.

Applicant also proposes to acquire Community Loan Company, Inc., Cartersville, Georgia, and thereby engage in extending credit and servicing loans (consumer finance business), credit insurance, and tax planning and preparation services, pursuant to sections 225.28(b)(1), 225.28(b)(11)(i), and 225.28(b)(6)(vi) of Regulation Y; Metroplex Appraisals, Inc., Hiram, Georgia, and thereby engage in real estate and personal property appraising, pursuant to section 225.28(b)(2)(i) of Regulation Y, and 49 percent of Cash Transactions, LLC, Dallas, Georgia, and thereby engage in data processing activities, pursuant to section 225.28(b)(14) of Regulation Y.

B. Federal Reserve Bank of Kansas City (D. Michael Manies, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:

1. First Muskogee Financial Corporation, Muskogee, Oklahoma; to become a bank holding company by acquiring 100 percent of the voting shares of First National Bank of Muskogee, Muskogee, Oklahoma.

Board of Governors of the Federal Reserve System, April 17, 2001.

Robert deV. Frierson

Associate Secretary of the Board.