Federal Register #2026-07116

Notice of Applications for Change in Bank Control Involving Deerwood Bancshares, Inc. and Deerwood Bank, Minnesota

This notice concerns a proposed change in bank control involving Deerwood Bancshares, Inc. and Deerwood Bank in Minnesota. - Government Buyer: - Federal Reserve System - Board of Governors - Federal Reserve Bank of Minneapolis - Entities Involved: - Spalj Family Control Group (including several escrow trusts and trustee John Ohlin, all of Baxter, Minnesota) - Deerwood Bancshares, Inc. (Baxter, Minnesota) - Deerwood Bank (Waite Park, Minnesota) - Purpose: - Application under the Change in Bank Control Act to acquire voting shares of Deerwood Bancshares, Inc. and thereby indirectly acquire voting shares of Deerwood Bank - Notable Requirements: - Public inspection of application documents is available at the Federal Reserve Bank of Minneapolis and the Board of Governors - Interested parties are invited to submit written comments regarding the standards set forth in the Act - No products or services are being procured or solicited in this notice

Description

This notice from the Federal Reserve System announces applications under the Change in Bank Control Act for acquiring shares of a bank or bank holding company. It details the process for public inspection of applications and invites interested persons to submit comments on the applications. The notice specifically mentions an application involving the Spalj Family Control Group acquiring voting shares of Deerwood Bancshares, Inc., and indirectly Deerwood Bank in Minnesota. Comments must be received by April 28, 2026.

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