2016-17271. Formations of, Acquisitions by, and Mergers of Bank Holding Companies  

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    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 applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The applications will also be available for inspection at the offices of Start Printed Page 47395the Board of Governors. 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). Unless otherwise noted, nonbanking activities will be conducted throughout the United States.

    Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than August 18, 2016.

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

    1. Wintrust Financial Corporation, Rosemont, Illinois; to acquire 100 percent of First Community Financial Corporation, Elgin, Illinois, and thereby indirectly acquire First Community Bank, Elgin, Illinois.

    B. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:

    1. Adage, LLC, Ogallala, Nebraska; to become a bank holding company through the acquisition of 68.85 percent of the voting shares of Adbanc, Inc., and thereby indirectly acquire Adams Bank & Trust, both of Ogallala, Nebraska.

    C. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director, Applications and Enforcement) 101 Market Street, San Francisco, California 94105-1579:

    1. Luther Burbank Corporation, Santa Rosa, California; to become a bank holding company upon the conversion of Luther Burbank Savings, Santa Rosa, California, from a savings bank into a commercial bank.

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    Board of Governors of the Federal Reserve System, July 18, 2016.

    Margaret Shanks,

    Deputy Secretary of the Board.

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    [FR Doc. 2016-17271 Filed 7-20-16; 8:45 am]

    BILLING CODE 6210-01-P

Document Information

Published:
07/21/2016
Department:
Federal Reserve System
Entry Type:
Notice
Document Number:
2016-17271
Pages:
47394-47395 (2 pages)
PDF File:
2016-17271.pdf