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	Location	Comment
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	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.
Community State Bank	Tipton	Merge With and Into	07/16/2019	09/03/2019		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.
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.
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.
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.
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.
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.
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.
Lee Capital Corp.	Fort Madison	Change of Ownership		08/13/2019		Application by Julia L. Koellner, Fort Madison, individually, and acting in concert with Kathleen K. Bentler, Le Claire; the Paula M. Friedman Declaration of Trust-II Dated October 23, 2018, with Paula M. Friedman as trustee, both of Dubuque; the Terrance J. Friedman Declaration of Trust-II Dated October 22, 2018, with Terrance J. Friedman as trustee, both of Dubuque; the Revocable Trust Agreement of Agnes L. Koellner, with Agnes L. Koellner as trustee, both of Fort Madison; the Revocable Trust Agreement of Steven M. Koellner, with Steven M. Koellner as trustee, both of Fort Madison; Kevin P. Koellner, Bettendorf; Nicole M. Koellner, Bettendorf; the J. Patrick Koellner Irrevocable Trust Agreement, Burlington, with Kevin P. Koellner as voting proxy; Kimberly E. Mendez, Fort Madison; and Christine A. Smith, Le Claire, 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.
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.