Federal Register #2026-22503

Federal Reserve notice on proposed retention of control shares in Deerwood Bancshares

The Federal Reserve System issued a regulatory notice about proposed retention of control shares in Deerwood Bancshares, Inc., and indirectly Deerwood Bank. - Government buyer: None; the Federal Reserve System is issuing a regulatory notice, not seeking to purchase goods or services. - Applicants: John Ohlin, individually and as trustee of the Zachariah Spalj, Kalina Spalj, Megan Hanssen, Joe Ritter, and Natalie Ritter Escrow Trusts, and the Nicole Spalj, Bianca Spalj, and Chauntel Spalj Exempt Trusts, seeks to retain voting shares. - Control group: Luke Spalj, John R. Spalj, John Ohlin, Jennifer Harting, and Joel Bauer seek to join the Majority Shareholder Control Group to retain shares in Deerwood Bancshares and indirectly Deerwood Bank. - Requested products or services: None. The notice invites written public comments on the applications.

Description

The Federal Reserve System gives notice that the listed applicants have applied under the Change in Bank Control Act and Regulation Y to acquire shares of a bank or bank holding company. The notice describes an application to retain voting shares of Deerwood Bancshares, Inc., and indirectly retain shares of Deerwood Bank, as well as additional individuals joining the Majority Shareholder Control Group. Interested persons may submit written comments on the applications. Comments must be received by November 19, 2026.

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