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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
BankIowa Cedar Rapids Establish a Bank Office 11/05/2019     Marion Application by BankIowa, Cedar Rapids, to establish a bank office at 901 Tower Terrace Road, Unit 100, Marion.
Iowa Trust & Savings Bank Emmetsburg Relocate a Bank Office 11/01/2019 11/12/2019   Clive Application by Iowa Trust & Savings Bank, Emmetsburg, to relocate bank office in Clive from 12035 University Avenue, Suite 101, to 12035 University Avenue, Suite 202.
Walcott Interim, Inc. Walcott Merge With and Into 10/24/2019       Application to merge Walcott Interim, Inc., Walcott, with and into Walcott Trust and Savings Bank, Walcott. This is part of the COC Central Bancshares, Inc., Muscatine, to purchase 100 percent of Walcott Trust & Savings Bank, Walcott.
First State Bank of Colfax Colfax Merge With and Into 10/03/2019       Notice of intent to merge First State Bank of Colfax, Colfax, with and into Bank Iowa, West Des Moines, as the resulting state-chartered bank.
Peoples State Bank Albia Merge With and Into 09/26/2019 11/06/2019     Application to merge Peoples State Bank, Albia, with and into South Ottumwa Savings Bank, Ottumwa, as the resulting state-chartered bank.
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.
Iowa State Savings Bank Knoxville Merge With and Into 09/18/2019 11/04/2019 11/08/2019   Application to merge Iowa State Savings Bank, Knoxville, with and into Marion County State Bank, Pella, as the resulting state-chartered bank.
Heartland Bank Somers Establish a Bank Office 09/10/2019 09/13/2019   Jefferson Application by Heartland Bank, Somers, to establish a bank office in Jefferson.
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.
Security Savings Bank Gowrie Establish a Bank Office 08/19/2019 08/23/2019 11/25/2019 Stratford Application by Security Savings Bank, Gowrie, to establish a bank office at 725 Shakespeare Avenue, Stratford.
Two Rivers Bank & Trust Burlington Establish a Bank Office 08/19/2019 08/21/2019   Ankeny Application by Two Rivers Bank & Trust, Burlington, to establish a bank office at 102 N.E. Trilein Drive, Ankeny.
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.
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.
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.
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.
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.
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.
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
South Story Bank & Trust Slater Change of Control   09/12/2019     Application by Darrell Hughes, Steve Simon, and Harry Stine to purchase South Story Bank & Trust, Slater, from Greene Investment Co., Jefferson.
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 Security Bank Mapleton Amend or Restate Articles of Incorporation   09/16/2019 11/01/2019 Mapleton Change name to First Security Bank.
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.
Community State Bank Ankeny Amend or Restate Articles of Incorporation   10/22/2019 10/22/2019 Ankeny Restatement of Articles of Incorporation.
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.
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.
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.
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.
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.
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.
First Trust & Savings Bank Wheatland Establish a Bank Office   10/23/2019   Eldridge Application by First Trust & Savings Bank, Wheatland, to establish a bank office at 100 South Fourth Avenue, Eldridge.
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