Notice2021-12688
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 16, 2021
Issuing agencies
Federal Reserve System
Full Text
<html>
<head>
<title>Federal Register, Volume 86 Issue 114 (Wednesday, June 16, 2021)</title>
</head>
<body><pre>
[Federal Register Volume 86, Number 114 (Wednesday, June 16, 2021)]
[Notices]
[Page 32039]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-12688]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
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 public portions of the applications listed below, as well as
other related filings required by the Board, if any, are available for
immediate inspection at the Federal Reserve Bank(s) indicated below and
at the offices of the Board of Governors. This information may also be
obtained on an expedited basis, upon request, by contacting the
appropriate Federal Reserve Bank and from the Board's Freedom of
Information Office at <a href="https://www.federalreserve.gov/foia/request.htm">https://www.federalreserve.gov/foia/request.htm</a>.
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), and
interested persons may express their views in writing on the standards
enumerated in section 4. Unless otherwise noted, nonbanking activities
will be conducted throughout the United States.
Comments regarding each of these applications must be received at
the Reserve Bank indicated or the offices of the Board of Governors,
Ann E. Misback, Secretary of the Board, 20th Street and Constitution
Avenue NW, Washington, DC 20551-0001, not later than July 16, 2021.
A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant
Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
1. MidCountry Acquisition Corp., Minneapolis, Minnesota; a savings
and loan holding company, to become a bank holding company by (1)
merging with J & B Financial Holdings, Inc., Minneapolis, Minnesota,
and thereby indirectly acquiring 1st United Bank, Faribault, Minnesota;
First State Bank of Sauk Centre, Sauk Centre, Minnesota; and Red Rock
Bank, Sanborn, Minnesota; and (2) merging with Northfield Bancshares,
Inc, and thereby indirectly acquiring Community Resource Bank, both of
Northfield, Minnesota.
Additionally, MidCountry Acquisition Corp., to retain MidCountry
Bank, Bloomington, Minnesota, and thereby engage in operating a savings
association pursuant to section 225.28(b)(4)(ii) of the Board's
Regulation Y; and to acquire First State Agency, Inc., Sauk Centre,
Minnesota, and thereby indirectly engage in general insurance agency
activity through a lending office located in a place that has a
population not exceeding 5,000 pursuant to section
225.28(b)(11)(iii)(A) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, June 11, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-12688 Filed 6-15-21; 8:45 am]
BILLING CODE P
</pre></body>
</html>Indexed from Federal Register on June 16, 2021.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.