83 FR 20077 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 88 (May 7, 2018)

Page Range		20077-20077
FR Document		2018-09645

Federal Register, Volume 83 Issue 88 (Monday, May 7, 2018)

[Federal Register Volume 83, Number 88 (Monday, May 7, 2018)]
[Notices]
[Page 20077]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-09645]


-----------------------------------------------------------------------

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 June 5, 2018.
    A. Federal Reserve Bank of Minneapolis (Mark A. Rauzi, Vice 
President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
    1. Benc Holdings, Inc., Coon Rapids, Minnesota; to become a bank 
holding company by acquiring up to 100 percent of KES Bancshares, Inc., 
Virginia, Minnesota, and thereby indirectly acquire shares of Northern 
State Bank, Virginia, Minnesota.

    Board of Governors of the Federal Reserve System, May 2, 2018.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2018-09645 Filed 5-4-18; 8:45 am]
 BILLING CODE P

Federal Register / Vol. 83, No. 88 / Monday, May 7, 2018 / Notices 20077

with the Federal Reserve in providing noted, nonbanking activities will be indicated or the offices of the Board of
similar services due to differing legal conducted throughout the United States. Governors not later than June 5, 2018.
powers or constraints, or due to a Unless otherwise noted, comments A. Federal Reserve Bank of Cleveland
dominant market position of the Federal regarding each of these applications (Nadine Wallman, Vice President) 1455
Reserve deriving from such differences. must be received at the Reserve Bank East Sixth Street, Cleveland, Ohio
If no reasonable modifications would indicated or the offices of the Board of 44101–2566. Comments can also be sent
mitigate the adverse competitive effects, Governors not later than June 5, 2018. electronically to
the Board will determine whether the A. Federal Reserve Bank of
Comments.applications@clev.frb.org:
anticipated benefits are significant Minneapolis (Mark A. Rauzi, Vice
enough to proceed with the change President), 90 Hennepin Avenue, 1. Dollar Mutual Bancorp, Pittsburgh,
despite the adverse effects. Minneapolis, Minnesota 55480–0291: Pennsylvania; to acquire 100 percent of
1. Benc Holdings, Inc., Coon Rapids, the voting shares of Dollar Bank, FSB,
The Board does not anticipate that
Minnesota; to become a bank holding Pittsburgh, Pennsylvania, upon its
RTME would have a direct and material
company by acquiring up to 100 percent conversion from mutual to stock form.
impact on the ability of other service
providers to compete effectively with of KES Bancshares, Inc., Virginia, Board of Governors of the Federal Reserve
the Reserve Banks’ payment services but Minnesota, and thereby indirectly System, May 2, 2018.
requests comment on that issue and on acquire shares of Northern State Bank, Yao-Chin Chao,
whether, even if there are adverse Virginia, Minnesota.
Assistant Secretary of the Board.
competitive effects, they are outweighed Board of Governors of the Federal Reserve [FR Doc. 2018–09644 Filed 5–4–18; 8:45 am]
by the potential benefits of RTME. If the System, May 2, 2018.
BILLING CODE P
Board chooses to move forward with Yao-Chin Chao,
developing and implementing an RTME Assistant Secretary of the Board.
program, the Board will evaluate these [FR Doc. 2018–09645 Filed 5–4–18; 8:45 am] FEDERAL RESERVE SYSTEM
options under its competitive impact BILLING CODE P
procedures. Change in Bank Control Notices;
By order of the Board of Governors of the Acquisitions of Shares of a Bank or
Federal Reserve System, May 2, 2018. FEDERAL RESERVE SYSTEM Bank Holding Company
Michele Taylor Fennell,
Formations of, Acquisitions by, and The notificants listed below have
Assistant Secretary of the Board. Mergers of Savings and Loan Holding
[FR Doc. 2018–09622 Filed 5–4–18; 8:45 am] applied under the Change in Bank
Companies Control Act (12 U.S.C. 1817(j)) and
BILLING CODE 6210–01–P
The companies listed in this notice § 225.41 of the Board’s Regulation Y (12
have applied to the Board for approval, CFR 225.41) to acquire shares of a bank
FEDERAL RESERVE SYSTEM pursuant to the Home Owners’ Loan Act or bank holding company. The factors
(12 U.S.C. 1461 et seq.) (HOLA), that are considered in acting on the
Formations of, Acquisitions by, and Regulation LL (12 CFR part 238), and notices are set forth in paragraph 7 of
Mergers of Bank Holding Companies Regulation MM (12 CFR part 239), and the Act (12 U.S.C. 1817(j)(7)).
all other applicable statutes and The notices are available for
The companies listed in this notice regulations to become a savings and immediate inspection at the Federal
have applied to the Board for approval, loan holding company and/or to acquire Reserve Bank indicated. The notices
pursuant to the Bank Holding Company the assets or the ownership of, control also will be available for inspection at
Act of 1956 (12 U.S.C. 1841 et seq.) of, or the power to vote shares of a the offices of the Board of Governors.
(BHC Act), Regulation Y (12 CFR part savings association and nonbanking Interested persons may express their
225), and all other applicable statutes companies owned by the savings and views in writing to the Reserve Bank
and regulations to become a bank loan holding company, including the indicated for that notice or to the offices
holding company and/or to acquire the companies listed below. of the Board of Governors. Comments
assets or the ownership of, control of, or The applications listed below, as well must be received not later than May 21,
the power to vote shares of a bank or as other related filings required by the 2018.
bank holding company and all of the Board, are available for immediate
banks and nonbanking companies inspection at the Federal Reserve Bank A. Federal Reserve Bank of Kansas
owned by the bank holding company, indicated. The application also will be City (Dennis Denney, Assistant Vice
including the companies listed below. available for inspection at the offices of President) 1 Memorial Drive, Kansas
The applications listed below, as well the Board of Governors. Interested City, Missouri 64198–0001:
as other related filings required by the persons may express their views in 1. Ann R. Mock, Edmond, Oklahoma,
Board, are available for immediate writing on the standards enumerated in Barry W. Mock, Altus, Oklahoma, and
inspection at the Federal Reserve Bank the HOLA (12 U.S.C. 1467a(e)). If the the Mock Irrecocable Trust and its co-
indicated. The applications will also be proposal also involves the acquisition of trustee Rick Cheanye, both of Altus,
available for inspection at the offices of a nonbanking company, the review also Oklahoma; to retain shares of First
the Board of Governors. Interested includes whether the acquisition of the Altus Bancorp, and thereby retain
persons may express their views in nonbanking company complies with the shares of Frazer Bank, both of Altus,
writing on the standards enumerated in standards in section 10(c)(4)(B) of the Oklahoma.
daltland on DSKBBV9HB2PROD with NOTICES

the BHC Act (12 U.S.C. 1842(c)). If the HOLA (12 U.S.C. 1467a(c)(4)(B)). Unless Board of Governors of the Federal Reserve
proposal also involves the acquisition of otherwise noted, nonbanking activities System, May 2, 2018.
a nonbanking company, the review also will be conducted throughout the
Yao-Chin Chao,
includes whether the acquisition of the United States.
nonbanking company complies with the Unless otherwise noted, comments Assistant Secretary of the Board.
standards in section 4 of the BHC Act regarding each of these applications [FR Doc. 2018–09643 Filed 5–4–18; 8:45 am]
(12 U.S.C. 1843). Unless otherwise must be received at the Reserve Bank BILLING CODE 6210–01–P

VerDate Sep<11>2014 17:38 May 04, 2018 Jkt 244001 PO 00000 Frm 00046 Fmt 4703 Sfmt 9990 E:\FR\FM\07MYN1.SGM 07MYN1

Document Created: 2018-05-05 02:47:51
Document Modified: 2018-05-05 02:47:51

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		83 FR 20077