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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
Security State Bank Sutherland Relocate a Bank Office 02/26/2021 Pending   New Hampton Application by Security State Bank, Sutherland, to relocate bank office in New Hampton from 923 North Linn Avenue, to 922 West Milwaukee Street.
First Bank Hampton Hampton Establish a Bank Office 02/15/2021 Pending   Latimer Application by First Bank Hampton, Hampton, to establish a bank office at 119 North Akir Street, Latimer.
Dubuque Bank and Trust Company Dubuque Establish a Bank Office 01/12/2021 01/12/2021 02/16/2021 Cedar Rapids Application by Dubuque Bank and Trust Company, Dubuque, to establish a loan only bank office at 222 Third Avenue, SE, Suite 501, Office #16, Cedar Rapids.
First State Bank Sumner Merge With and Into 01/05/2021 01/20/2021     Application to merge First State Bank, Sumner, with and into Northeast Security Bank, Sumner.
Northwest Bank Spencer Relocate a Bank Office 11/30/2020 12/04/2020   Ames Application by Northwest Bank, Spencer, to relocate bank office in Ames from 213 Duff Avenue, Suite 3, to 100 South 16th Street.
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.
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.
Shelby County State Bank (The) Harlan Establish a Bank Office 06/25/2020 07/14/2020 02/16/2021 Avoca Application by The Shelby County State Bank, Harlan, to establish a bank office at 155 South Elm Street, Avoca.
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.
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.
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.
American State Bank Sioux Center Establish a Bank Office 06/19/2019 07/09/2019 02/22/2021 Sioux Falls, SD Application by American State Bank, Sioux Center, to establish a bank office at 26991 Cliff Avenue, Sioux Falls, South Dakota.
First Citizens Bank Mason City Amend or Restate Articles of Incorporation   02/05/2021 02/11/2021 Mason City Amend Article IV, annual shareholder meeting.
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.
Arendt's Inc. Montezuma Change of Ownership   01/08/2021     Application by Mark Curtis Bolen, Montezuma, to join the Arendt Family Control Group, a group acting in concert, to retain voting shares of Arendt's Inc., and thereby indirectly retain voting shares of Peoples Savings Bank, both of Montezuma,
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.
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
Milford Bancorporation Milford Change of Ownership   11/09/2020     Application by Marilyn L. Cravens Stock Trust, Sanborn, Marilyn Lee Cravens, trustee, Spirit Lake, to retain control of over 25 percent of Milford Bancorporation, Milford, and thereby indirectly control United Community Bank, Milford.
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.
Delhi Bancshares Inc. Marion Change of Ownership   12/03/2020     Application by Tamara L. Danover, Marion, and Terry D. Cooper, Cedar Rapids, individually and as trustees of the Delhi Bancshares, Inc. Subtrust, Marion, the Delhi Bancshares, Inc. Subtrust, Marion, together with Barbara A. Cooper, individually and as trustee of the Delhi Bancshares, Inc. Revocable Trust, Robins, the Delhi Bancshares, Inc. Revocable Trust, Robins, Tad C. Cooper, Cedar Rapids, and Tony A. Cooper, Batavia, Illinois, as a group acting in concert, to retain 25 percent or more of the shares and thereby control of Delhi Bancshares, Inc. and indirectly control Heritage Bank, both of Marion.
Independence Bancshares, Inc. Independence Change of Ownership   12/22/2020     Application by Independence Bancshares, Inc., Independence, to acquire 100 percent of First State Bank, Sumner.
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.
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.
Arneson Bancshares, Inc. Clear Lake Change of Control   01/20/2021     Application by CH EMH 2020 Trust FBO Elizabeth M. Hewitt, Mark C. Hewitt, trustee; MCH LNH 2020 Trust FBO Lauren N. Hewitt, Mark C. Hewitt, trustee; MCH RAM 2020 Trust FBO Rachel A. Maletta, Mark C. Hewitt, trustee; all of Mason City, to acquire the shares of Arneson Bancshares, Inc., Clear Lake, and notice by the Mark C. Hewitt 2014 Trust, Mark C. Hewitt, trustee; Amy J. Hewitt By-Pass Trust FBO Mark C. Hewitt, Mark C. Hewitt, trustee; both of Mason City, and Ray V. Hewitt 2008 Trust, Ray V. Hewitt, trustee; Clear Lake, together with Carrie Hewitt-Nichols, Iowa City, to form the Hewitt Family Control Group, a group acting in concert, to retain voting shares of Arneson Bancshares, Inc., and thereby indirectly acquire voting shares of Clear Lake Bank & Trust.
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.
Keystone Community Bancorporation Keystone Change of Ownership   01/11/2021     Application by G. Michael Herger Revocable Trust, G. Michael Herger, as trustee, both of Redding, California; Paul M. Herger, Vinton; and Cathy S. Beatty, Vinton; to become members of the Herger Family Control Group, a group acting in concert, to retain voting shares of Keystone Community Bancorporation, Keystone, and thereby retain voting shares of Keystone Savings Bank, Marengo.
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.