81 FR 47394 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 140 (July 21, 2016)

[Federal Register Volume 81, Number 140 (Thursday, July 21, 2016)]
[Notices]
[Pages 47394-47395]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-17271]


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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

[[Page 47395]]

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 August 18, 2016.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Wintrust Financial Corporation, Rosemont, Illinois; to acquire 
100 percent of First Community Financial Corporation, Elgin, Illinois, 
and thereby indirectly acquire First Community Bank, Elgin, Illinois.
    B. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant 
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
    1. Adage, LLC, Ogallala, Nebraska; to become a bank holding company 
through the acquisition of 68.85 percent of the voting shares of 
Adbanc, Inc., and thereby indirectly acquire Adams Bank & Trust, both 
of Ogallala, Nebraska.
    C. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director, 
Applications and Enforcement) 101 Market Street, San Francisco, 
California 94105-1579:
    1. Luther Burbank Corporation, Santa Rosa, California; to become a 
bank holding company upon the conversion of Luther Burbank Savings, 
Santa Rosa, California, from a savings bank into a commercial bank.

    Board of Governors of the Federal Reserve System, July 18, 2016.
Margaret Shanks,
Deputy Secretary of the Board.
[FR Doc. 2016-17271 Filed 7-20-16; 8:45 am]
 BILLING CODE 6210-01-P