[Federal Register Volume 86, Number 165 (Monday, August 30, 2021)]
[Notices]
[Page 48423]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-18560]


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FEDERAL RESERVE SYSTEM


Change in Bank Control Notices; Acquisitions of Shares of a Bank 
or Bank Holding Company

    The notificants listed below have applied under the Change in Bank 
Control Act (Act) (12 U.S.C. 1817(j)) and Sec.  225.41 of the Board's 
Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank 
holding company. The factors that are considered in acting on the 
applications are set forth in paragraph 7 of the Act (12 U.S.C. 
1817(j)(7)).
    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 paragraph 7 of the Act.
    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 September 14, 
2021.
    A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant 
Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
    1. Daniel Otten, Hayward, Minnesota; to retain voting shares of 
Minnesota Community Bancshares, Inc., Albert Lea, Minnesota; and 
thereby indirectly retain voting shares of Arcadian Bank, Hartland, 
Minnesota.
    Additionally, Tony Kermes, Hayward, Minnesota; to become a member 
of the Otten Family Control Group, a group acting in concert, to 
acquire voting shares of Minnesota Community Bancshares, Inc., and 
thereby indirectly acquire voting shares of Arcadian Bank.

    Board of Governors of the Federal Reserve System, August 24, 
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-18560 Filed 8-27-21; 8:45 am]
BILLING CODE P