[Federal Register Volume 87, Number 145 (Friday, July 29, 2022)]
[Notices]
[Pages 45774-45775]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-16328]


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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 August 15, 2022.
    A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant 
Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
    1. The Robert D. Frandsen Revocable Trust U/A dated November 18, 
2021, Robert D. Frandsen, as trustee, and the Rennaye M. Frandsen 
Revocable Trust U/A dated November 18, 2021, Rennaye M. Frandsen, as 
trustee, all of Rush City, Minnesota; to become members of the Frandsen 
Family Control Group, a group acting in concert, to retain voting 
shares of Frandsen Financial Corporation, Arden Hills, Minnesota, and 
thereby indirectly retain voting shares of Frandsen Bank & Trust, 
Lonsdale, Minnesota; Bank of Zumbrota, Zumbrota, Minnesota; and Pine 
Island Bank, Pine Island, Minnesota (collectively, ``the Banks'').
    Additionally, Amy Knox, Palm Desert, California; Alexander Knox, 
White Bear Lake, Minnesota; Luca Bonvicini, White Bear Lake, Minnesota; 
Elena Bonvicini, Laguna Beach, California; Brittany Frandsen, 
Minneapolis, Minnesota; Johnay Frandsen, Minneapolis,

[[Page 45775]]

Minnesota; and Frandsen Family Foundation, North Branch, Minnesota, 
Dennis Frandsen, as trustee, Rush City, Minnesota, to become members of 
the Frandsen Family Control Group, a group acting in concert, to 
acquire voting shares of Frandsen Financial Corporation, and thereby 
indirectly acquire voting shares of the Banks.

    Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-16328 Filed 7-28-22; 8:45 am]
BILLING CODE P