Notice2021-20600
Formations of, Acquisitions by, and Mergers of Savings and Loan 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
September 23, 2021
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 86 Issue 182 (Thursday, September 23, 2021)</title>
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[Federal Register Volume 86, Number 182 (Thursday, September 23, 2021)]
[Notices]
[Pages 52907-52908]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-20600]
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Savings and Loan
Holding Companies
The companies listed in this notice have applied to the Board for
approval, pursuant to the Home Owners' Loan Act (12 U.S.C. 1461 et
seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12
CFR part 239), and all other applicable statutes and regulations to
become a savings and loan holding company and/or to acquire the assets
or the ownership of, control of, or the power to vote shares of a
savings association.
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.
[[Page 52908]]
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 whether the proposed transaction complies
with the standards enumerated in the HOLA (12 U.S.C. 1467a(e)).
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 October 25, 2021.
A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. North Shore, MHC, Waukegan, Illinois; to convert from mutual to
stock form. As part of the conversion, North Shore, MHC, and NSTS
Financial Corporation, an existing mid-tier savings and loan holding
company, will cease to exist and North Shore Trust and Savings, all of
Waukegan, Illinois, will become a wholly-owned subsidiary of NSTS
Bancorp, Inc., Waukegan, Illinois, a newly-formed Delaware corporation,
which has applied to become a savings and loan holding company,
pursuant to section 10(e) of the HOLA, by acquiring North Shore Trust
and Savings.
Board of Governors of the Federal Reserve System, September 20,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-20600 Filed 9-22-21; 8:45 am]
BILLING CODE P
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