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Application Status

# Applications will be removed from this listing one month after they become effective.
    Click HERE for a full listing of effective applications.
Bank City Type Accepted Approved Effective # Location Comment
Community State Bank Tipton Merge With and Into 07/16/2019       Application to merge Community State Bank, Tipton, with and into Fidelity Bank & Trust, Dubuque, as the resulting state-chartered bank.
United Bank of Iowa Ida Grove Purchase and Assumption 06/28/2019 07/18/2019     Application by United Bank of Iowa, Ida Grove, to purchase certain assets and assume certain liabilities of Heritage Bank National Association, Spicer, Minnesota. P&A of offices in Anthon, Holstein, Cushing, Aurelia, Alta, and Lytton.
American State Bank Sioux Center Establish a Bank Office 06/19/2019 07/09/2019   Sioux Falls, SD Application by American State Bank, Sioux Center, to establish a bank office at 26991 Cliff Avenue, Sioux Falls, South Dakota.
Panora State Bank Panora Merge With and Into 06/06/2019 07/16/2019     Application to merge Panora State Bank, Panora, with and into Iowa Trust & Savings Bank, Emmetsburg, as the resulting state-chartered bank.
State Bank New Hampton Merge With and Into 05/21/2019 07/16/2019     Application to merge State Bank, New Hampton, with and into Fidelity Bank & Trust, Dubuque, as the resulting state-chartered bank.
Farmers and Traders Savings Bank Douds Merge With and Into 05/20/2019 06/24/2019     Application to merge Farmers and Traders Savings Bank, Douds, with and into Libertyville Savings Bank, Fairfield, as the resulting state-chartered bank.
City State Bank Norwalk Establish a Bank Office 05/15/2019 05/29/2019 07/15/2019 Mesa, AZ Application by City State Bank, Norwalk, to establish a bank office at 460 South Greenfield Road, Mesa, Arizona.
Availa Bank Carroll Purchase and Assumption 04/16/2019 04/30/2019 06/24/2019   Application by Availa Bank, Carroll, to purchase certain assets and assume certain liabilities of First American Bank, Fort Dodge. P&A of offices at 1530 South Duff Avenue, Ames; 2010 North Ankeny Boulevard, Ankeny; 1380 Hamilton Boulevard, Sioux City.
Iowa State Bank Algona Establish a Bank Office 03/15/2019   06/27/2019 Phoenix, AZ Application by Iowa State Bank, Algona, to establish a bank office at 2710 East Camelback, Phoenix, Arizona. Withdrawn June 27, 2019
Peoples Savings Bank Elma Merge With and Into 03/13/2019 04/24/2019 07/01/2019   Application to merge Peoples State Bank, Elma, with and into Security State Bank, Sutherland, as the resulting state-chartered bank.
Westside State Bank Westside Establish a Bank Office 01/25/2019 02/06/2019   Bellevue, NE Application by Westside State Bank, Westside, to establish a bank office at American Plaza 2, 923 Galvin Road South, Suite 109-110, Bellevue, Nebraska.
Northwest Bank Spencer Relocate a Bank Office 11/29/2018 12/12/2018   Ankeny Application by Northwest Bank, Spencer, to relocate a bank office in Ankeny from 1700 SE Delaware Avenue to 1009 SW Oralabor Road.
City State Bank Norwalk Establish a Bank Office 11/21/2018 12/12/2018   Norwalk Application by City State Bank, Norwalk, to establish a bank office at 1225 Colonial Parkway, Norwalk.
First Security Bank and Trust Company Charles City Relocate a Bank Office 06/21/2018 06/29/2018 06/24/2019 Manly Application by First Security Bank and Trust Company, Charles City, to relocate bank office in Manly from 116 East Elmore Street to 3598 Orchid Avenue.
Lincoln Savings Bank Cedar Falls Establish a Bank Office 06/04/2018 06/25/2018   Des Moines Application by Lincoln Savings Bank, Cedar Falls, to establish a bank office at 1922 Ingersoll Avenue, Des Moines.
Raccoon Valley Bank Perry Establish a Bank Office 02/12/2018 03/02/2018 07/22/2019 Grimes Application by Raccoon Valley Bank, Perry, to establish a bank office at 1051 NE Gateway Drive, Grimes.
Community Savings Bank Edgewood Relocate a Bank Office 01/25/2018 01/25/2018   Manchester Application by Community Savings Bank, Edgewood, to relocate a bank office in Manchester from 201 East Main Street to 221 East Main Street.
Luana Savings Bank Luana Establish a Bank Office 06/05/2017 08/16/2017   Norwalk Application by Luana Savings Bank, Luana, to establish a bank office at 9321 Market Place Drive, Norwalk.
Fort Madison Financial Company Fort Madison Change of Ownership   10/19/2017     Application for Linda Sue Baier, Fort Madison, individually and together with James Alan Baier, Fort Madison, as a group acting in concert to retain 25 percent or more control of Fort Madison Financial Company and thereby indirectly control Connection Bank, Fort Madison.
Lincoln Bancorp Reinbeck Change of Ownership   12/10/2018     Application for Lincoln Bancorp Employee Stock Ownership Plan, Reinbeck, ("ESOP") with John Michael Maier, Milwaukee, Wisconsin, as trustee of the ESOP, to retain control of more than 10 percent of the outstanding voting shares of Lincoln Bancorp, Reinbeck, and thereby indirectly control Lincoln Savings Bank, Cedar Falls.
Emmetsburg Bank Shares, Inc. Emmetsburg Change of Ownership   01/17/2019     Application for Charles and Maryanna Sarazine, Algona, and together as a group acting in concert with: Annette Sarazine-Jensen, Omaha, Nebraska; Monte Jensen, Omaha, Nebraska; Lisa Elsenbast, Minneapolis, Minnesota; Frank Elsenbast, Minneapolis, Minnesota; Monica Anderegg, Edina, Minnesota; Julia T. Sarazine, Chicago, Illinois; James C. Spies, Graettinger; Karen K. Spies, Graettinger; Matt Spies, Spirit Lake; Marty Spies, Spirit Lake; Krista K. Fuller, Ankeny; Lori J. Spies, Brookeville, Maryland; Nicole L. Henrickson, Spirit Lake; Molly E. Westergard, Graettinger; Samantha A. Spies, Spirit Lake; Sydney P. Spies, Spirit Lake ("Spies-Sarazine Family Control Group"), to retain control of Emmetsburg Bank Shares, Inc., Emmetsburg, and indirectly control Iowa Trust & Savings Bank, Emmetsburg, and Panora State Bank, Panora.
Solon Financial, Inc. Solon Change of Ownership   03/05/2019     Application for Cordelia A. Cosgrove, Bruce A. Erusha, James R. Erusha, Dolores M. Kaiden, Carolyn M. Tinkham, Cedar Rapids; Amy C. Cox, Doylestown, Pennsylvania; Andrew J. Erusha, Julie A. Erusha Trust, Julie A. Erusha, as trustee, Michael D. Erusha Trust, Michael D. Erusha, as trustee, Sheridan, Wyoming; Angela C. Erusha, Patricia M. Erusha, D. Neil Erusha, as Trustee, Solon; Daniel M. Erusha, Portland, Oregon; Kimberly S. Erusha, Basking Ridge, New Jersey; The Owen N. Erusha Trust, Robert C. Erusha II, Ellisville, Missouri; Gary L. Fattig, Kathryn M. Fattig, Chelsea; Robert L. Fattig, Searsboro; Vicky K. Garnsey, Eagle, Colorado; Anne E. Juelsgaard, West Des Moines; Jessica M. Becker, Karlene M. Lindseth, Krista M. Lindseth, Michael J. Lindseth, Nicole M. Lindseth, Eden Prairie, Minnesota; Gail M. Scott, Cambridge; to join the Erusha Family Control Group and retain control of 25 percent or more of Solon Financial, Inc. and thereby indirectly control Solon State Bank, Solon.
Drake Holding Company Radcliffe Change of Control   06/04/2019     Application by Phyllis A. Drake, individually and acting in concert with Richard R. Drake, both of Radcliffe, to retain control of 100 percent of the voting shares of Drake Holding Company and thereby indirectly control Security State Bank, both of Radcliffe.
How-Win Development Co. Cresco Change of Ownership   03/28/2019     Application for John Scott Thomson, as trustee of both the John H. Thomson Residuary Trust and the FJT Grandchildren's Trust, John Scott Thomson and Stephanie Carol Thomson, as co¬≠trustees of the Thomson Grandchildren's Trust, together with Stephanie Carol Thomson as co-trustee of the John Scott Thomson Family Trust, all of Cresco, to retain control of 100 percent of the voting shares of How-Win Development Co. and thereby to indirectly control CUSB Bank, both of Cresco.
Lee Capital Corp. Fort Madison Change of Ownership   04/15/2019     Application by Jean M. Humphrey, Kathleen A. McKillip, Henry W. Merschman, and Joseph H. Merschman, all of Fort Madison; and George A. Merschman, Rochester, Illinois, together as a group acting in concert, to retain control of 25 percent or more of the voting shares of Lee Capital Corp, and thereby indirectly control Lee County Bank, both of Fort Madison.
FNB BanShares, Inc. West Union Change of Ownership   05/02/2019     Application for James L. Moss, individually and as trustee of the Second James L. Moss Revocable Trust, and acting in concert with Joyce A. Moss, individually and as trustee of the Second Joyce A. Moss Revocable Trust, all of Lansing, to acquire control of 10 percent of more of the voting shares of FNB BanShares, Inc. and thereby indirectly control Bank 1st, both of West Union.
Old O'Brien Banc Shares, Inc. Sutherland Change of Ownership   03/06/2019     Application for James J. Johnson and Colleen D. Johnson, Sutherland, and Sonya A. Duhn, Emmetsburg, to join Darin J. Johnson, Sutherland, as a group acting in concert, and to retain and acquire control of 25 percent or more of the voting shares of Old O'Brien Banc Shares, Inc., and thereby indirectly control Security State Bank, both of Sutherland.
Pella Financial Group, Inc. Pella Change of Control   03/15/2019     Application for Pella Financial Group, Inc., Pella, to acquire 100 percent of Iowa State Savings Bank, Knoxville.
Security Agency, Inc. Decorah Change of Ownership   11/28/2018     Application for the 2018 Grantor Trust FBO Rachel Grimstad and 2018 Grantor Trust FBO Gus Grimstad, with Padrin Grimstad as trustee, together with the 2018 Grantor Trust FBO Max Grimstad and 2018 Grantor Trust FBO Oscar Grimstad, with Ann Grimstad as trustee, all of Decorah, Iowa, to join the Grimstad Family Control Group approved on September 21, 2005, and acquire control of 10 percent or more of the voting shares of Security Agency, Inc., and thereby indirectly control Decorah Bank and Trust Company, both of Decorah.
Arendt's Inc. Montezuma Change of Ownership   05/29/2019     Application for C. W. Bolen, Montezuma, individually and acting in concert with Shirley A. Bolen, Leta E. Arendt, David L. Arendt, Michael L. Arendt, Mark W. Bolen, Heather M. Snook, all of Montezuma, and LeAnn S. Chastain Trust, LeAnn S. Chastain, trustee, of Scottsdale, Arizona, to retain and acquire 100 percent of the voting shares of Arendt's Inc., and thereby indirectly control Peoples Savings Bank, both of Montezuma.
Premier Holdings, Ltd. Rock Valley Change of Ownership   06/19/2019     Application for Harold D. Westra Bank Stock Revocable Trust, Harold D. Westra Trustee, Rock Valley, as a group acting in concert to be added to the Westra family control group approved on June 8, 2006, to retain 25 percent or more of the voting shares of Premier Holdings, LTD, and thereby indirectly control Premier Bank, both of Rock Valley.