[Federal Register Volume 85, Number 61 (Monday, March 30, 2020)]
[Notices]
[Page 17579]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-06573]


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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, if any, 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)).
    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 April 29, 2020.
    A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant 
Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
    1. Stearns Financial Services, Inc., Employee Stock Ownership Plan, 
Saint Cloud, Minnesota; to acquire additional voting shares, for a 
total of 20.66 percent of the voting shares of Stearns Financial 
Services, Inc., Saint Cloud, Minnesota, and thereby indirectly acquire 
voting shares of Stearns Bank National Association, Saint Cloud, 
Minnesota; Stearns Bank of Upsala, National Association, Upsala, 
Minnesota; and Stearns Bank of Holdingford, National Association, 
Holdingford, Minnesota.

    Board of Governors of the Federal Reserve System, March 25, 
2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-06573 Filed 3-27-20; 8:45 am]
 BILLING CODE 6210-01-P