2017-14209. 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 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 the 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 1, 2017.

A. Federal Reserve Bank of Boston (Prabal Chakrabarti, Senior Vice President) 600 Atlantic Avenue, Boston, Massachusetts 02210-2204. Comments can also be sent electronically to [e-mail]:

1. SI Financial Group, Inc., Willimantic, Connecticut; to become a bank holding company in association with the revocation of its 10(1) election. SI Financial Group owns Savings Institute Bank and Trust Company, Willimantic, Connecticut.

B. Federal Reserve Bank of Cleveland (Nadine Wallman, Vice President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566. Comments can also be sent electronically to [e-mail]:

1. Wayne Savings Bancshares, Inc., Wooster, Ohio; to become a bank holding company by acquiring 100 percent of the voting shares of Wayne Savings Community Bank, Wooster, Ohio, upon its conversion to a commercial bank.

C. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice President) 1000 Peachtree Street NE., Atlanta, Georgia 30309. Comments can also be sent electronically to [e-mail]:

1. Seacoast Banking Corporation of Florida, Stuart, Florida; to merge with NorthStar Banking Corporation, and thereby indirectly acquire NorthStar Bank, both of Tampa, Florida.

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

1. First Busey Corporation, Champaign, Illinois; to merge with Mid Illinois Bancorp, Inc., Peoria, Illinois, and thereby indirectly acquire South Side Trust & Savings Bank, Peoria, Illinois.

Board of Governors of the Federal Reserve System, June 30, 2017.

Yao-Chin Chao,

Assistant Secretary of the Board.