Actions taken by the Federal Reserve Bank of Minneapolis under delegated authority

Bank Branches, Domestic
Dacotah Bank, Aberdeen, South Dakota -- to establish a branch at 4302 13th Avenue South, Fargo, North Dakota.
- Approved, May 13, 2022
Charter Bank, Eau Claire, Wisconsin -- to establish a branch at 2789 Commercial Boulevard, Chippewa Falls, Wisconsin.
- Approved, April 28, 2022
Opportunity Bank of Montana, Helena, Montana -- to establish a branch at 1639 Main Street, Billings, Montana.
- Approved, April 22, 2022
Bank Holding Companies
Broadway Bancshares, Inc., Gilbert, Minnesota -- to become a bank holding company by acquiring The First National Bank of Gilbert, Gilbert, Minnesota.
- Approved, June 15, 2022
Lake Shore III Corporation, Glenwood City, Wisconsin -- to merge with Headwaters Bancorp, Inc., and thereby indirectly acquire Headwaters State Bank, both of Land O'Lakes, Wisconsin.
- Approved, May 16, 2022
Bitterroot Holding Company, Lolo, Montana -- to acquire Antler Land Company and thereby indirectly acquire Little Horn State Bank, both of Hardin, Montana.
- Approved, March 31, 2022
Luminate Capital Corporation, Minnetonka, Minnesota -- to become a bank holding company by acquiring American Equity Bank, Minnetonka, Minnesota.
- Returned, February 17, 2022
Entrepreneurs Bancshares, Inc., Bloomington, Minnesota -- to become a bank holding company by acquiring a de novo bank, EntreBank, Bloomington, Minnesota.
- Approved, January 27, 2022
JBS, Inc., Kulm, North Dakota -- relief from certain commitments.
- Granted, January 18, 2022
Bank Mergers
Opportunity Bank of Montana, Helena, Montana -- to merge with First Community Bank, Glasgow, Montana, and thereby establish branches.
- Approved, March 10, 2022
Change In Bank Control
Prairie Bancshares Corporation, Shelby, Montana -- Brice Kluth, Shelby, Montana; Coby Kluth, Whitefish, Montana; John Byron Love, Kalispell, Montana; and Lisette Pickens, Missoula, Montana; to retain voting shares of Prairie Bancshares Corporation and thereby indirectly retain voting shares of The First State Bank of Shelby, Shelby, Montana.
- Permitted, June 6, 2022
Morristown Holding Company, Excelsior, Minnesota -- James Kou Vang, West Lakeland, Minnesota, to acquire voting shares of Morristown Holding Company, and thereby indirectly acquire voting shares of Lake Country Community Bank, Morristown, Minnesota.
- Permitted, June 3, 2022
Oliver Bancorporation, Inc., Center, North Dakota -- Sarah M. Getzlaff, Bismarck, North Dakota, to acquire voting shares of Oliver Bancorporation, Inc., and thereby indirectly acquire voting shares of Security First Bank of North Dakota, New Salem, North Dakota.
- Permitted, May 24, 2022
Bosshard Banco, Ltd., La Crosse, Wisconsin -- Elizabeth Bosshard-Blackey 2022 Irrevocable Bank Trust, u/a/d January 7, 2022, Andrew R. Bosshard, as trustee, both of La Crosse, Wisconsin; and Piercarlo Valdesolo, with power to remove or appoint trustee, Edina, Minnesota; to join a group acting in concert to acquire voting shares of Bosshard Banco, Ltd., and thereby indirectly acquire voting shares of Intercity State Bank, Schofield, Wisconsin, and The First National Bank of Bangor, Bangor, Wisconsin.
- Permitted, May 20, 2022
Bosshard Banco, Ltd., La Crosse, Wisconsin -- Bosshard Bank Irrevocable Trust, u/a/d October 21, 2021, South Dakota Trust Company LLC, as trustee, both of Sioux Falls, South Dakota; Andrew R. Bosshard, individually and as trust protector, La Crosse, Wisconsin; Nathan Bosshard-Blackey, individually and as investment committee member, Mill Valley, California; and Elizabeth Bosshard-Blackey, individually and as investment committee member, Edina, Minnesota; to join a group acting in concert to acquire voting shares of Bosshard Banco, Ltd., and thereby indirectly acquire voting shares of Intercity State Bank, Schofield, Wisconsin, and The First National Bank of Bangor, Bangor, Wisconsin.
- Permitted, May 20, 2022
Clayton Bankshares, Inc., La Crosse, Wisconsin -- Bosshard Bank Irrevocable Trust, u/a/d October 21, 2021, South Dakota Trust Company LLC, as trustee, both of Sioux Falls, South Dakota; Andrew R. Bosshard, individually and as trust protector, La Crosse, Wisconsin; Nathan Bosshard-Blackey, individually and as investment committee member, Mill Valley, California; and Elizabeth Bosshard-Blackey, individually and as investment committee member, Edina, Minnesota; to join a group acting in concert to acquire voting shares of Clayton Bankshares, Inc., and thereby indirectly acquire voting shares of Citizens State Bank-La Crosse, La Crosse, Wisconsin.
- Permitted, May 20, 2022
Cyrus Bancshares, Inc., Alexandria, Minnesota -- David Schornack and Denise Schornack, both of Perham, Minnesota; to retain voting shares of Cyrus Bancshares, Inc., and thereby indirectly retain voting shares of Hometown Community Bank, Cyrus, Minnesota.
- Permitted, May 18, 2022
State Bank of Bottineau Holding Company, Bottineau, North Dakota -- Brent D. Moum to acquire voting shares of the State Bank of Bottineau Holding Company, and thereby indirectly acquire voting shares of State Bank of Bottineau, Bottineau, North Dakota.
- Permitted, May 13, 2022
Platinum Bancorp, Inc., Oakdale, Minnesota -- the LeGare Revocable Trust dated July 23, 2018, Greg LeGare and Elaine LeGare as trustees, all of Osseo, Wisconsin; Bradley LeGare and Sharon LeGare, both of St. Charles, Illinois; Jeffrey P. LeGare, Lucas, Texas; Jennifer LeGare, Eau Claire, Wisconsin; and Pamela LeGare-Van Hout, Appleton, Wisconsin; to become the LeGare Group, a group acting in concert, to retain voting shares of Platinum Bancorp, Inc., and thereby indirectly retain voting shares of Platinum Bank, Oakdale, Minnesota.
- Permitted, May 12, 2022
Napoleon Bancorporation, Inc., Napoleon, North Dakota -- Austin McLaen, Forman, North Dakota, to retain voting shares of Napoleon Bancorporation, Inc., and thereby indirectly retain voting shares of Stock Growers Bank, Forman, North Dakota.
- Permitted, April 27, 2022
Bosshard Banco, Ltd., La Crosse, Wisconsin -- Bosshard Bank Irrevocable Trust, u/a/d October 21, 2021, South Dakota Trust Company LLC, as trustee, both of Sioux Falls, South Dakota; Andrew R. Bosshard, individually and as trust protector, La Crosse, Wisconsin; Nathan Bosshard-Blackey, individually and as investment committee member, Mill Valley, California; and Elizabeth Bosshard-Blackey, individually and as investment committee member, Edina, Minnesota; to join a group acting in concert to acquire voting shares of Bosshard Banco, Ltd., and indirectly acquire voting shares of Intercity State Bank, Schofield, Wisconsin, and The First National Bank of Bangor, Bangor, Wisconsin.
- Withdrawn, April 1, 2022
Clayton Bankshares, Inc., La Crosse, Wisconsin -- Bosshard Bank Irrevocable Trust, u/a/d October 21, 2021, South Dakota Trust Company LLC, as trustee, both of Sioux Falls, South Dakota; Andrew R. Bosshard, individually and as trust protector, La Crosse, Wisconsin; Nathan Bosshard-Blackey, individually and as investment committee member, Mill Valley, California; and Elizabeth Bosshard-Blackey, individually and as investment committee member, Edina, Minnesota; to join a group acting in concert to acquire voting shares of Clayton Bankshares, Inc., and thereby indirectly acquire voting shares of Citizens State Bank-La Crosse, La Crosse, Wisconsin.
- Withdrawn, April 1, 2022
Minnesota Community Bancshares, Inc., Albert Lea, Minnesota -- Daniel Otten, Hayward, Minnesota, to acquire voting shares of Minnesota Community Bancshares, Inc. (MCBI), and thereby indirectly acquire voting shares of Arcadian Bank, Hartland, Minnesota. In addition, the Daniel M. Otten Revocable Trust and the Kim M. Otten Revocable Trust, Daniel Otten and Kim Otten as trustees, all of Hayward, Minnesota; and the Magdalene E. Otten Revocable Trust, Magdalene Otten, as co-trustee, Wisner, Nebraska, and Daniel Otten as co-trustee; to become members of the Otten Family Control Group, a group acting in concert, to acquire voting shares of MCBI, and thereby indirectly acquire voting shares of Arcadian Bank.
- Permitted, March 31, 2022
Antler Land Company, Hardin, Montana -- Ascent BanCorp, Helena, Montana; Alan W. Bradley, Charles Shonkwiler, Christine A. N. Bradley, Kelcy Edwards, and certain minor children, all of Hamilton, Montana; Patrick Haffner, Frenchtown, Montana; Minott Pruyn, Daniel Schneiter, Haley Bradley, and a certain minor child, all of Missoula, Montana; and Daniel Wilcox, Corvallis, Montana; a group acting in concert with Bitterroot Holding Company, Lolo, Montana, to acquire voting shares of Antler Land Company, and thereby indirectly acquire voting shares of Little Horn State Bank, Hardin, Montana.
- Permitted, March 31, 2022
Dorset Bancshares, Inc., Park Rapids, Minnesota -- Scott D. Hewitt to acquire voting shares of Dorset Bancshares, Inc., and its subsidiary, Northwoods Bank of Minnesota, Park Rapids, Minnesota.
- Permitted, March 10, 2022
Northern Wisconsin Bank Holding Company, Inc., Laona, Wisconsin -- the Revised and Restated Connor Family Voting Trust (Trust) and Richard M. Connor, Jr., Brian Luc Connor, and Susan J. Connor, each as trustee, to acquire shares of Northern Wisconsin Bank Holding Company, Inc., and thereby indirectly acquire Laona State Bank, Laona, Wisconsin. Additionally, the Trust and Richard M. Connor, Jr., Brian Luc Connor, and Susan J. Connor, as trustees, to join the Connor family shareholder group acting in concert.
- Permitted, March 10, 2022
Leackco Bank Holding Company, Inc., Huron, South Dakota -- Scott A. Erickson and Matthew P. Bock, both of Sioux Falls, South Dakota, to retain voting shares of Leackco Bank Holding Company, Inc. (Leackco), and thereby indirectly retain shares of American Bank & Trust, Wessington Springs, South Dakota. Additionally, the 2021 Jeffory A. Erickson Irrevocable Trust No. 5 (Erickson Trust 5), the 2021 Jeffory A. Erickson Irrevocable Trust No. 6 (Erickson Trust 6), the 2021 Jeffory A. Erickson Irrevocable Trust No. 7 (Erickson Trust 7), and the 2021 Jeffory A. Erickson Irrevocable Trust No. 8 (Erickson Trust 8, and collectively, the New Erickson Trusts), Matthew P. Bock, as Trust Protector of the New Erickson Trusts, Scott A. Erickson as Investment Trust Advisor of the New Erickson Trusts and trustee of Erickson Trust 5, Erickson Trust 6, and Erickson Trust 8, and Jamie L. Brown as trustee of Erickson Trust 7, all of Sioux Falls, South Dakota; to join the Erickson family shareholder group, a group acting in concert, by retaining voting shares of Leackco and thereby indirectly retaining voting shares of American Bank & Trust. Additionally, the 2021 Preston B. Steele Irrevocable Trust No. 1, the 2021 Preston B. Steele Irrevocable Trust No. 2, and the 2021 Preston B. Steele Irrevocable Trust No. 3 (collectively, the New Steele Trusts), Matthew P. Bock, as Investment Trust Advisor and trustee of the New Steele Trusts, and Scott A. Erickson, as Trust Protector of the New Steele Trusts, all of Sioux Falls, South Dakota; to join the Steele family shareholder group, a group acting in concert, by retaining voting shares of Leackco and thereby indirectly retaining voting shares of American Bank & Trust.
- Permitted, February 11, 2022
Fidelity Holding Company Minnetonka, Minnesota -- David R. Rounds, St. Louis Park, Minnesota, to acquire control of voting shares of Fidelity Holding Company, Minnetonka, Minnesota (Fidelity HC), by becoming a trustee of the Gerald Rauenhorst 2004 Children's Trust u/a/d December 23, 2004, and the Grandchildren's Fidelity Trust u/a/d February 24, 2015, both of Minnetonka, Minnesota, which own Fidelity HC and thereby indirectly own Fidelity Bank, Edina, Minnesota.
- Permitted, January 12, 2022
Extensions Of Time
North American Banking Company, Roseville, Minnesota -- extension to January 31, 2023, to establish a detached facility/branch at the northeast corner of Hemlock Lane North and Village Drive, Maple Grove, Minnesota.
- Granted, April 27, 2022
Financial Holding Companies
B2 Bancorp, Inc., Mountain Iron, Minnesota -- election to become a financial holding company.
- Effective, May 24, 2022
Savings and Loan Holding Companies
Prevail Mutual Holdings, Inc., Medford, Wisconsin -- to become a mutual savings and loan holding company in connection with the reorganization of Prevail Bank, Medford, Wisconsin, from a federal mutual savings bank to a federal stock savings bank.
- Approved, June 17, 2022

Last Update: June 23, 2022