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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
Bank Iowa West Des Moines Relocate a Bank Office 06/01/2020 06/02/2020 06/03/2020 Clarinda Application by Bank Iowa, West Des Moines, to relocate bank offices in Clarinda from 101 North 15th Street and 101 West Washington Street to one location, 101 East Main.
South Story Bank & Trust Slater Establish a Bank Office 05/04/2020 Pending   West Des Moines Application by South Story Bank & Trust, Slater, to establish a bank office at 6139 Ashworth Road, West Des Moines.
Farmers State Bank Marion Establish a Bank Office 04/24/2020 05/14/2020   Tiffin Application by Farmers State Bank, Marion, to establish a bank office at 1600 North Park Road, Tiffin.
Lincoln Savings Bank Reinbeck Relocate a Bank Office 04/20/2020 04/21/2020   Cedar Falls Application by Lincoln Savings Bank, Reinbeck, to relocate a bank office in Cedar Falls from 301 Washington Street to 302 Main Street.
Walcott Trust and Savings Bank Walcott Merge With and Into 03/09/2020 04/15/2020 06/05/2020   Application to merge Walcott Trust and Savings Bank, Walcott, with and into CBI Bank & Trust, Muscatine, as the resulting state-chartered bank.
South Story Bank & Trust Slater Establish a Bank Office 02/13/2020 02/21/2020   Ames Application by South Story Bank & Trust, Slater, to establish a bank office at 2701 Stange Road, Suite 120, Ames.
Mid America Banks, Inc. Ames Change of Control 01/27/2020 01/28/2020     Application by J.C. Van Ginkel to acquire more than 50 percent of Mid America Banks, Inc., Ames.
Center Point Bank and Trust Company Center Point Merge With and Into 01/24/2020 03/24/2020     Application to merge Center Point Bank and Trust Company, Center Point, with and into Hiawatha Bank and Trust Company, Hiawatha, as the resulting state-chartered bank.
BankIowa Cedar Rapids Establish a Bank Office 11/05/2019 11/27/2019   Marion Application by BankIowa, Cedar Rapids, to establish a bank office at 901 Tower Terrace Road, Unit 100, Marion.
Green Belt Bancorporation Iowa Falls Change of Control 09/24/2019 10/08/2019     Application by Rex R. Weaver to purchase 50 percent of Green Belt Bancorporation, Iowa Falls.
Pilot Grove Savings Bank Pilot Grove Establish a Bank Office 09/05/2019 09/16/2019   West Burlington Application by Pilot Grove Savings Bank, Pilot Grove, to establish a bank office at 403 South Gear Avenue, Suite 101, West Burlington.
Citizens State Bank Wyoming Establish a Bank Office 09/05/2019 09/16/2019   Maquoketa Application by Citizens State Bank, Wyoming, to establish a bank office at 102 East Carlisle Street, Maquoketa.
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.
Northwest Bank Spencer Relocate a Bank Office 11/29/2018 12/12/2018 06/01/2020 Ankeny Application by Northwest Bank, Spencer, to relocate a bank office in Ankeny from 1700 SE Delaware Avenue to 1009 SW Oralabor Road.
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.
J. Carl H. Bancorporation Earling Change of Ownership   01/28/2020     Application by Kim Marie Gundy, La Vista, Nebraska; Jill Ann Jacobsen, Forsyth, Illinois; Dean Xavier Langenfeld, Earling; McKenzie Rae Bieker, Harlan; Mark Albert Langenfeld II, Tipton; Max Bernard Langenfeld, Earling; and Magdalen Ann Langenfeld, Harlan, to join Todd M. Langenfeld Revocable Living Trust Dated July 24, 1996, Todd M. Langenfeld, trustee, Earling, as a group acting in concert (Langenfeld Family Control Group) and retain control of 25 percent of more of J. Carl H. Bancorporation Inc., and thereby indirectly control Farmers Trust & Savings Bank, both of Earling.
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.
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.
Freedom Holdings Company West Des Moines Change of Ownership   02/21/2020   West Des Moines Application by Heather L.H. Miller Revocable Trust, with Heather L. H. Miller as trustee, Urbandale, and Heidi A. Loverude Revocable Trust, with Heidi A. Loverude as trustee, Urbandale, to be added to the Hill Family Control Group, as previously approved by the Federal Reserve on September 28, 2006, and respectively retain control of 25 percent and 10 percent or more of the shares of Freedom Holdings Company, and thereby indirectly control Freedom Financial Bank, West Des Moines. both of West Des Moines
Manufacturers Bank & Trust Company Forest City Amend or Restate Articles of Incorporation   03/20/2020   Forest City Amend Article VIII.
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.
Neighbor Insurance Agency, Inc. Marion Change of Ownership   10/29/2019     Application by Betty Jean Neighbor Irrevocable Trust dated December 28, 2012, with Gene R. Neighbor as Family Business Advisor (Marion); Douglas N. Neighbor Irrevocable Trust dated December 29, 2012, with Marva J. Neighbor as Family Business Advisor (Marion); Gene R. Neighbor Irrevocable Trust dated December 29, 2012, with Betty J. Neighbor as Family Business Advisor (Marion); Irene Kay Neighbor Irrevocable Trust dated December 28, 2012, with Kent M. Neighbor as Family Business Advisor (Winthrop); Kent M. Neighbor Irrevocable Trust dated December 29, 2012, with Irene K. Neighbor as Family Business Advisor (Winthrop); and Marva J. Neighbor Irrevocable Trust dated December 28, 2012, with Douglas N. Neighbor as Family Business Advisor (Marion); together with Justin M. Waring (Marion), Amber K. Waring (Toddville), Shannon M. Waring (Woodbury, Minnesota), Brandon K. Waring (Toddville), Callie I. Neighbor (Center Point), Chloe A. Neighbor (Center Point), Allyssa K. Dierks (Central City), Jor
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 co­trustees 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.
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.
Ames National Corporation Ames Change of Control   08/26/2019     Application for Ames National Corporation, Ames, to acquire 100 percent of Iowa State Savings Bank, Creston.
Bedford Bancorp Bedford Change of Ownership   11/06/2019     Application for Jay Courtney Hammond, Omaha, Nebraska; Logan Lucile Hammond, Nebraska City, Nebraska; and Tad D. Hammond, Nebraska City, Nebraska, as custodian for two minors under the Iowa Uniform Transfers to Minors Act, to acquire shares of Bedford Bancorp, Inc., Bedford, and acting in concert with Tad D. Hammond, Nebraska City, Nebraska, to form the Hammond Family Control Group and thereby retain control of 25 percent or more of Bedford Bancorp, Inc., Bedford, and thereby indirectly control State Savings Bank, Creston.
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.
Chebelle Corporation Belle Plaine Change of Ownership   09/03/2019     Application for by Kathryn M. Fattig, Chelsea, individually and as a group in concert with D. Neil Erusha and Patricia M. Erusha, both of Solon, to join the Erusha Family Control Group as approved in 1982 and retain control of 10 percent or more of the outstanding voting shares of Chebelle Corporation and thereby indirectly control Chelsea Savings Bank, both of Belle Plaine.
Halbur Bancshares, Inc. Westside Change of Ownership   03/26/2020     Application by Matthew N. Lujano, Carroll, and Margaret A. White, Westside, to acquire and retain, respectively, shares of Halbur Bancshares, Inc., Westside (the Company) and acting in concert with James J. White, Westside, to form the White Family Control Group and thereby retain control of 25 percent or more of the Company.
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.
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.
Rigler Investment Company Clive Change of Ownership   09/04/2019     Application by Nancy Rigler as trustee of the Nancy Rigler Trust; the Nancy Rigler Trust, both of De Kalb, Illinois; John P. Rigler II as trustee of the John P. Rigler II trust; the John P. Rigler II Trust, both of New Hampton; John P. Rigler III, personally and as trustee of the John P. Rigler III Trust; the John P. Rigler III Trust, both of Urbandale; David A. Rigler, personally and as trustee of the David A. Rigler trust; the David A. Rigler Trust, both of Waukee; Hannah Rigler, personally and as trustee of the Hannah Rigler trust; the Hannah Rigler Trust; both of Iowa City; Joi Povlsen Dundas, personally and as trustee of the Nancy Rigler Family Irrevocable Trust FBO Joi Dundas; the Nancy Rigler Family Irrevocable Trust FBO Joi Dundas, both of Stillman Valley, Illinois; all together with Paul Kristian Povlsen IV, personally and as trustee of the Nancy Rigler Family Irrevocable Trust FBO Paul Kristian Povlsen IV; the Nancy Rigler Family Irrevocable Trust FBO Paul Kristian