[Federal Register Volume 85, Number 115 (Monday, June 15, 2020)]
[Notices]
[Page 36202]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12841]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
Sec.  225.28 of Regulation Y (12 CFR 225.28) or that the Board has 
determined by Order to be closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, these activities 
will be conducted throughout the United States.
    The public portions of 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(s) indicated below and 
at the offices of the Board of Governors. This information may also be 
obtained on an expedited basis, upon request, by contacting the 
appropriate Federal Reserve Bank and from the Board's Freedom of 
Information Office at https://www.federalreserve.gov/foia/request.htm. 
Interested persons may express their views in writing on the question 
whether the proposal complies with the standards of section 4 of the 
BHC Act.
    Unless otherwise noted, comments regarding the 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 June 
30, 2020.
    A. Federal Reserve Bank of Federal Reserve Bank of Chicago (Colette 
A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, 
Illinois 60690-1414:
    1. GNB Bancorporation, Grundy Center, Iowa; to take assignment of a 
loan to GNB Bancorporation ESOP and thereby engage in extending and 
servicing loans pursuant to Sec.  225.28(b)(1) of Regulation Y.
    2. Merchants Bancorp, Carmel, Indiana; seeks permission to hold an 
increased non-voting Class B membership interest of approximately 44 
percent in Arcline Lending, LLC, Mount Laurel, New Jersey, and thereby 
engage in extending and servicing loans and real estate settlement 
servicing, pursuant to Sec.  225.28(b)(1) and (b)(2)(viii) of 
Regulation Y, respectively.

    Board of Governors of the Federal Reserve System, June 10, 2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-12841 Filed 6-12-20; 8:45 am]
 BILLING CODE P