2023-09047. Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company  

  • Start Preamble

    The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 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 May 15, 2023.

    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414:

    1. The Frederick and Ruth Schwertfeger Irrevocable Trust of 2019, Wauwatosa, Wisconsin; Frederick C. Schwertfeger, Elm Grove, Wisconsin, and Alexandra G. Solanki, Wauwatosa, Wisconsin, as co-trustees; to join the Schwertfeger Family Control Group, a group acting in concert, to retain voting shares of Sword Financial Corporation, and thereby indirectly retain voting shares of Horicon Bank, both of Horicon, Wisconsin, and Cornerstone Community Bank, Grafton, Wisconsin.

    Additionally, Alexandra G. Solanki, as co-trustee, of the Horicon Bank Profit Sharing and Employee Stock Ownership Plan (ESOP), Horicon, Wisconsin; to acquire voting shares of Sword Financial Corporation, and thereby indirectly acquire voting shares of Horicon Bank and Cornerstone Community Bank. The ESOP owns Sword Financial Corporation.

    Start Signature

    Board of Governors of the Federal Reserve System.

    Michele Taylor Fennell,

    Deputy Associate Secretary of the Board.

    End Signature End Preamble

    [FR Doc. 2023–09047 Filed 4–27–23; 8:45 am]

    BILLING CODE P

Document Information

Published:
04/28/2023
Department:
Federal Reserve System
Entry Type:
Notice
Document Number:
2023-09047
Pages:
26305-26305 (1 pages)
PDF File:
2023-09047.pdf