80 FR 78232 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 241 (December 16, 2015)

[Federal Register Volume 80, Number 241 (Wednesday, December 16, 2015)]
[Notices]
[Page 78232]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-31600]



[[Page 78232]]

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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 applications listed below, as well as other related filings 
required by the Board, are available for immediate inspection at the 
Federal Reserve Bank indicated. The applications will also be available 
for inspection at the offices of the Board of Governors. Interested 
persons may express their views in writing on the standards enumerated 
in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the 
acquisition of a nonbanking company, the review also includes whether 
the acquisition of the nonbanking company complies with the standards 
in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, 
nonbanking activities will be conducted throughout the United States.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than January 11, 2016.
    A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, 
Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Bank Forward Employee Stock Ownership Plan and Trust, Fargo, 
North Dakota, to become a bank holding company, by retaining at least 
25 percent of the voting shares of Security State Bank Holding Company, 
Fargo, North Dakota, and thereby indirectly retain voting shares of 
Bank Forward, Hannaford, North Dakota.
    In connection with this application, Security State Bank Holding 
Company and Bank Forward Employee Stock Ownership Plan and Trust, 
through Bank Forward have also applied to engage in extending credit 
and servicing loans, pursuant to section 225.28(b)(1).

    Board of Governors of the Federal Reserve System, December 11, 
2015.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2015-31600 Filed 12-15-15; 8:45 am]
BILLING CODE 6210-01-P