RAYMOND JAMES & ASSOCIATES, INC.
September 21, 2011
Via Email and EDGAR
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
| Re: | Macon Financial Corp. |
Registration Statement on Form S-1 (Registration No. 333-174826)
Request for Acceleration of Effectiveness
Ladies and Gentlemen:
In accordance with Rule 461 of Regulation C promulgated under the Securities Act of 1933, we hereby join Macon Financial Corp. in requesting that the effective date of the above-referenced Registration Statement, as amended, be accelerated so that it will become effective at 2:00 p.m. on September 21, 2011, or as soon thereafter as may be practicable.
Very truly yours, | ||
Raymond James & Associates, Inc. | ||
/s/ Charles L. Stubbs | ||
Name: | Charles L. Stubbs | |
Title: | Vice President | |
