Notice2024-05796
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
March 19, 2024
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 89 Issue 54 (Tuesday, March 19, 2024)</title>
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[Federal Register Volume 89, Number 54 (Tuesday, March 19, 2024)]
[Notices]
[Pages 19590-19591]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-05796]
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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
[[Page 19591]]
standards enumerated in the BHC Act (12 U.S.C. 1842(c)).
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 April 18, 2024.
A. Federal Reserve Bank of Minneapolis (Stephanie Weber, Assistant
Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291.
Comments can also be sent electronically to <a href="/cdn-cgi/l/email-protection#b4f9f5f4d9c4d8c79ad2c6d69adbc6d3"><span class="__cf_email__" data-cfemail="fbb6babb968b9788d59d8999d594899c">[email protected]</span></a>:
1. Stearns Financial Services, Inc. Employee Stock Purchase Plan,
Saint Cloud, Minnesota; to increase its ownership interest in the
voting shares of Stearns Financial Services, Inc., Saint Cloud,
Minnesota, up to 23.2753 percent and thereby indirectly increase its
ownership interest in the voting shares of Stearns Bank National
Association, Saint Cloud, Minnesota; Stearns Bank of Upsala, Upsala,
Minnesota; and Stearns Bank of Holdingford, Holdingford, Minnesota.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-05796 Filed 3-18-24; 8:45 am]
BILLING CODE P
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