[Federal Register Volume 86, Number 114 (Wednesday, June 16, 2021)]
[Notices]
[Page 32039]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-12688]


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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 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 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), and 
interested persons may express their views in writing on the standards 
enumerated in section 4. Unless otherwise noted, nonbanking activities 
will be conducted throughout the United States.
    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 July 16, 2021.
    A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant 
Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
    1. MidCountry Acquisition Corp., Minneapolis, Minnesota; a savings 
and loan holding company, to become a bank holding company by (1) 
merging with J & B Financial Holdings, Inc., Minneapolis, Minnesota, 
and thereby indirectly acquiring 1st United Bank, Faribault, Minnesota; 
First State Bank of Sauk Centre, Sauk Centre, Minnesota; and Red Rock 
Bank, Sanborn, Minnesota; and (2) merging with Northfield Bancshares, 
Inc, and thereby indirectly acquiring Community Resource Bank, both of 
Northfield, Minnesota.
    Additionally, MidCountry Acquisition Corp., to retain MidCountry 
Bank, Bloomington, Minnesota, and thereby engage in operating a savings 
association pursuant to section 225.28(b)(4)(ii) of the Board's 
Regulation Y; and to acquire First State Agency, Inc., Sauk Centre, 
Minnesota, and thereby indirectly engage in general insurance agency 
activity through a lending office located in a place that has a 
population not exceeding 5,000 pursuant to section 
225.28(b)(11)(iii)(A) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, June 11, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-12688 Filed 6-15-21; 8:45 am]
BILLING CODE P