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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
Northwest Bank Spencer Relocate a Bank Office 11/30/2020 Pending   Ames Application by Northwest Bank, Spencer, to relocate bank office in Ames from 213 Duff Avenue, Suite 3, to 100 South 16th Street.
Farmers & Mechanics Bank Galesburg Merge With and Into 11/10/2020 Pending   Galesburg, IL Application to merge Farmers & Mechanics Bank, Galesburg, Illinois, with and into CBI Bank & Trust, Muscatine.
Availa Bank Carroll Establish a Bank Office 11/03/2020 11/04/2020 12/01/2020 Denison Application by Availa Bank, Carroll, to establish a bank office at 1217 Broadway, Denison.
Peoples Savings Bank Indianola Establish a Bank Office 10/22/2020 11/05/2020   Knoxville Application by Peoples Savings Bank, Indianola, to establish a bank office at 413 East Main Street, Knoxville.
Other Non-Regulated Bank No City Change of Control 10/19/2020 Pending   Holstein Application by AgCom Holdings, Inc., Holstein, to become a bank holding company through the acquisition of 100 percent of the outstanding common stock of Maxwell State Bank, Maxwell, from Dentel Bancorporation, Maxwell.
First State Bank Lynnville Establish a Bank Office 10/12/2020 10/16/2020   New Sharon Application by First State Bank, Lynnville, to establish a bank office at 102 South Main Street, New Sharon.
VisionBank of Iowa Ames Establish a Bank Office 10/02/2020 10/12/2020   Waukee Application by VisionBank of Iowa, Ames, to establish a bank office at 45 North Warrior Lane, Waukee.
Northwest Bank Spencer Establish a Bank Office 09/29/2020 10/12/2020   Omaha, Nebraska Application by Northwest Bank, Spencer, to establish a bank office at 3333 North 168th Court, Omaha, Nebraska.
West Bank West Des Moines Establish a Bank Office 07/17/2020 07/28/2020   Sartell, MN Application by West Bank, West Des Moines, to establish a bank office at Highway 15 and County Road 1, Sartell, Minnesota.
Security Financial, Inc. Farnhamville Change of Control 07/09/2020 09/02/2020     Application by Todd Madson, Jefferson, to retain control of 57.17 percent of Security Financial, Inc., Farnhamville, and thereby indirectly control Security Savings Bank, Gowrie.
Shelby County State Bank (The) Harlan Establish a Bank Office 06/25/2020 07/14/2020   Avoca Application by The Shelby County State Bank, Harlan, to establish a bank office at 155 South Elm Street, Avoca.
Northwest Bank Spencer Establish a Bank Office 06/16/2020 06/19/2020   Ames Application by Northwest Bank, Spencer, to establish a bank office at 213 Duff Avenue, Suite 3, Ames.
Connection Bank Fort Madison Relocate a Bank Office 06/09/2020 06/09/2020   Keokuk Application by Connection Bank, Fort Madison, to relocate two bank offices in Keokuk from 501 Main Street and 1600 Main Street to one location, 2119 Main Street.
South Story Bank & Trust Slater Establish a Bank Office 05/04/2020 05/18/2020 11/05/2020 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.
South Story Bank & Trust Slater Establish a Bank Office 02/13/2020 02/21/2020 11/05/2020 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.
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.
Citizens State Bank Wyoming Establish a Bank Office 09/05/2019 09/16/2019 11/16/2020 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.
First Iowa State Bank Albia Amend or Restate Articles of Incorporation   09/21/2020   Albia Restatement of Articles of Incorporation
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 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.
Pioneer Development Company Sergeant Bluff Change of Ownership   11/16/2020     Application by by The Theodore G. Saltzman Jr. Bank Trust, Dakota Dunes, South Dakota, and Theodore Saltzman as Trustee, to retain 25 percent or more of the shares and thereby control of Pioneer Development Company, Sergeant Bluff; The Sundae M. Haggerty Irrevocable Bank Trust Dakota Dunes, South Dakota, and Shennen S.C. Saltzman, as Trustee of the Sundae M. Haggerty Irrevocable Bank Trust, Dakota Dunes, South Dakota; The Shennen S.C. Saltzman Bank Trust, Dakota Dunes, South Dakota, and Shennen Saltzman, as Trustee of the Shennen S.C. Saltzman Bank Trust, Dakota Dunes, South Dakota, to acquire 25 percent or more of the shares and thereby control of Pioneer Development Company, Sergeant Bluff; and The Shennen S.C. Saltzman Irrevocable Bank Trust South Sioux City, Nebraska, and Sundae Haggerty, as Trustee of the Shennen S.C. Saltzman Irrevocable Bank Trust, South Sioux City, Nebraska, and The Sundae M. Haggerty Bank Trust, South Sioux City, Nebraska, and Sundae Haggerty, as Trustee of th
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.
First State Bank Holding Co. Lynnville Change of Ownership   07/09/2020     Application for Nancy Toppenberg, Newton, together with Linda Fleagle and Jerry Fleagle both of Coralville, as a group acting in concert, to acquire control of more than 10 percent of the voting shares of First State Bank Holding Company, and thereby indirectly control First State Bank, both of Lynnville.
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.
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
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.
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.
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.