Notice2022-16328
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
July 29, 2022
Issuing agencies
Federal Reserve System
Full Text
<html>
<head>
<title>Federal Register, Volume 87 Issue 145 (Friday, July 29, 2022)</title>
</head>
<body><pre>
[Federal Register Volume 87, Number 145 (Friday, July 29, 2022)]
[Notices]
[Pages 45774-45775]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-16328]
-----------------------------------------------------------------------
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 August 15, 2022.
A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant
Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
1. The Robert D. Frandsen Revocable Trust U/A dated November 18,
2021, Robert D. Frandsen, as trustee, and the Rennaye M. Frandsen
Revocable Trust U/A dated November 18, 2021, Rennaye M. Frandsen, as
trustee, all of Rush City, Minnesota; to become members of the Frandsen
Family Control Group, a group acting in concert, to retain voting
shares of Frandsen Financial Corporation, Arden Hills, Minnesota, and
thereby indirectly retain voting shares of Frandsen Bank & Trust,
Lonsdale, Minnesota; Bank of Zumbrota, Zumbrota, Minnesota; and Pine
Island Bank, Pine Island, Minnesota (collectively, ``the Banks'').
Additionally, Amy Knox, Palm Desert, California; Alexander Knox,
White Bear Lake, Minnesota; Luca Bonvicini, White Bear Lake, Minnesota;
Elena Bonvicini, Laguna Beach, California; Brittany Frandsen,
Minneapolis, Minnesota; Johnay Frandsen, Minneapolis,
[[Page 45775]]
Minnesota; and Frandsen Family Foundation, North Branch, Minnesota,
Dennis Frandsen, as trustee, Rush City, Minnesota, to become members of
the Frandsen Family Control Group, a group acting in concert, to
acquire voting shares of Frandsen Financial Corporation, and thereby
indirectly acquire voting shares of the Banks.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-16328 Filed 7-28-22; 8:45 am]
BILLING CODE P
</pre></body>
</html>Indexed from Federal Register on July 29, 2022.
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.