[Federal Register Volume 83, Number 58 (Monday, March 26, 2018)]
[Notices]
[Page 12949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05996]



[[Page 12949]]

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FEDERAL RESERVE SYSTEM


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 April 23, 2018.
    A. Federal Reserve Bank of Minneapolis (Mark A. Rauzi, Vice 
President), Assistant Vice President) 90 Hennepin Avenue, Minneapolis, 
Minnesota 55480-0291:
    1. Meta Financial Group, Inc., Sioux Falls, South Dakota; to become 
a bank holding company by merging with Crestmark Bancorp, Inc., and 
thereby indirectly acquire Crestmark Bank, both of Troy, Michigan.
    In connection with this application, Applicant will retain 
MetaBank, Sioux Falls, South Dakota, and thereby engage in operating a 
savings association pursuant to section 225.28(b)(4)(ii).
    Meta Financial Group, Inc., through MetaBank, also proposes to 
purchase 80 percent of the shares of each of the following nonbank 
subsidiaries of Crestmark Bank; CM Sterling, LLC; and TFS LLC, all of 
Troy, Michigan, and thereby indirectly engage in lending and leasing 
real property activities, pursuant to sections 225.28 (b)(1) and 
(b)(3).

    Board of Governors of the Federal Reserve System, March 20, 
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-05996 Filed 3-23-18; 8:45 am]
 BILLING CODE 6210-01-P