Notice2021-25312
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
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
November 19, 2021
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 86 Issue 221 (Friday, November 19, 2021)</title>
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[Federal Register Volume 86, Number 221 (Friday, November 19, 2021)]
[Notices]
[Page 64935]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-25312]
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FEDERAL RESERVE SYSTEM
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 (Act) (12 U.S.C. 1817(j)) and Sec. 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
applications are set forth in paragraph 7 of the Act (12 U.S.C.
1817(j)(7)).
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 paragraph 7 of the Act.
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 December 6, 2021.
A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. Maria Blanca del Valle Perochena and Maria de Guadalupe del
Valle Perochena, both of Mexico City, Mexico; to become limited
partners in MBG Investors I, L.P., Ontario, Canada, and thereby
indirectly acquire voting shares of Byline Bancorp, Inc. and Byline
Bank, both of Chicago, Illinois.
B. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant
Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
1. The Jerome Hageman Stock Trust 2020, Stephen Hageman, as
trustee, both of Watertown, South Dakota; to join the Hageman Family
Control Group, a group acting in concert, to retain voting shares of
Plains Commerce Financial, Inc., and thereby indirectly retain shares
of Plains Commerce Bank, both of Hoven, South Dakota.
2. Pamela J. Bjerke, Rice, Minnesota; to acquire control of the
voting shares of Stearns Financial Services, Inc. (Stearns), by
becoming a co-trustee of the Stearns Financial Services, Inc. Employee
Stock Ownership Plan and Trust, both of St. Cloud, Minnesota, which
owns Stearns, and thereby indirectly owns Stearns Bank N.A., St. Cloud,
Minnesota; Stearns Bank of Upsala, N.A., Upsala, Minnesota; and Stearns
Bank of Holdingford, N.A., Holdingford, Minnesota.
Board of Governors of the Federal Reserve System, November 16,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-25312 Filed 11-18-21; 8:45 am]
BILLING CODE P
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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.