83 FR 38694 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 152 (August 7, 2018)

[Federal Register Volume 83, Number 152 (Tuesday, August 7, 2018)]
[Notices]
[Page 38694]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-16872]


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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 September 4, 2018.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. First Mid-Illinois Bancshares, Inc., Mattoon, Illinois; to 
acquire 100 percent of SCB Bancorp, Inc., and thereby indirectly 
acquire Soy Capital Bank and Trust Company, both of Decatur, Illinois.
    B. Federal Reserve Bank of Minneapolis (Mark A. Rauzi, Vice 
President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
    1. Park Financial Group, Inc., Minneapolis, Minnesota; to acquire 
48.46 percent of Mesaba Bancshares, Inc., Grand Rapids, Minnesota; and 
thereby indirectly acquire The Lake Bank, Two Harbors, Minnesota, and 
American Bank of the North, Nashwauk, Minnesota. In addition, Park 
Financial Group, Inc., has acquired an option to purchase the remaining 
51.54 percent of the voting shares of Mesaba Bancshares, Inc., Grand 
Rapids, Minnesota.

    Board of Governors of the Federal Reserve System, August 2, 
2018.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2018-16872 Filed 8-6-18; 8:45 am]
 BILLING CODE 6210-01-P