Notice2024-23485
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
October 10, 2024
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 89 Issue 197 (Thursday, October 10, 2024)</title>
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[Federal Register Volume 89, Number 197 (Thursday, October 10, 2024)]
[Notices]
[Page 82243]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-23485]
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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 standards
enumerated in the BHC Act (12 U.S.C. 1842(c)).
Comments received are subject to public disclosure. In general,
comments received will be made available without change and will not be
modified to remove personal or business information including
confidential, contact, or other identifying information. Comments
should not include any information such as confidential information
that would not be appropriate for public disclosure.
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 November 12, 2024.
A. Federal Reserve Bank of New York (Bank Applications Officer) 33
Liberty Street, New York, New York 10045-0001. Comments can also be
sent electronically to <a href="/cdn-cgi/l/email-protection#febd9193939b908a8dd09f8e8e92979d9f8a9791908dbe9087d0988c9cd0918c99"><span class="__cf_email__" data-cfemail="f6b5999b9b93988285d89786869a9f9597829f999885b6988fd8908494d8998491">[email protected]</span></a>:
1. Banco BTG Pactual S.A., BTG Pactual G7 Holding S.A., BTG Pactual
Holding Financeira Ltda., and BTG Pactual Holding Internacional S.A.,
all of Rio de Janeiro, Brazil; BTG Pactual Holding S.A., S[atilde]o
Paulo, Brazil; BTG Pactual UK Holdco Limited, London, United Kingdom;
and BTG Pactual Bancorp, LLC, New York, New York; to become bank
holding companies by acquiring M.Y. Safra Bank, FSB, also of New York,
New York.
B. Federal Reserve Bank of St. Louis (Holly A. Rieser, Senior
Manager) P.O. Box 442, St. Louis, Missouri 63166-2034. Comments can
also be sent electronically to <a href="/cdn-cgi/l/email-protection#14577b7979717a60673a756464787d7775607d7b7a6754676078673a7266763a7b6673"><span class="__cf_email__" data-cfemail="7635191b1b13180205581706061a1f1517021f1918053605021a055810041458190411">[email protected]</span></a>:
1. Oak Tree Financial Corporation, Inc., Rogers, Arkansas; to
become a bank holding company by acquiring Riverside Bank, Sparkman,
Arkansas.
C. Federal Reserve Bank of Minneapolis (Mark Rauzi, Vice
President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291.
Comments can also be sent electronically to <a href="/cdn-cgi/l/email-protection#de939f9eb3aeb2adf0b8acbcf0b1acb9"><span class="__cf_email__" data-cfemail="d4999594b9a4b8a7fab2a6b6fabba6b3">[email protected]</span></a>:
1. Stearns Financial Services, Inc. Employee Stock Ownership Plan
and Trust, Saint Cloud, Minnesota; to acquire up to 23.65 percent of
the voting shares of Stearns Financial Services, Inc., and thereby
indirectly acquire voting shares of Stearns Bank National Association,
both of Saint Cloud, Minnesota, and Stearns Bank of Upsala, National
Association, Upsala, Minnesota.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Associate Secretary of the Board.
[FR Doc. 2024-23485 Filed 10-9-24; 8:45 am]
BILLING CODE P
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